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www.amcham.ru/advocacy/taxation/tax_seminar_2006

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Sep 22, 2006: 2006 Annual Tax Seminar

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Click here to download the AGENDA.

Click here to download the SEMINAR TRANSCRIPT.

Leading tax experts from the RF government set the stage for day-long discussions among financial planners and accountants as part of AmCham’s Annual Tax Seminar. Held on Friday, Sept. 22 at the Marriott Grand in Moscow, the event chaired by AmCham President Andrew Somers featured keynote addresses by Sergey Shatalov, deputy minister of Finance, and Stanislav Voskresensky, deputy head of the Presidential Expert Department.

Addressing the nearly 200 attendees, Shatalov outlined major changes coming into force in 2007 in the RF Tax Code. He emphasized that “the rules of the game” are in place and that the changes will improve the current Code, but not change its direction. Among the up-coming changes he discussed were:

Emphasis on improving relations between tax authorities and tax payers by strictly defining and limiting the scope of inspections
Changes to the VAT system
Changes to timing in required reports
Additionally, he spoke at length on changes to requirements to becoming a Russian Federation tax resident and qualifying for the 13 percent income tax rate.

In his remarks to the audience, Voskresensky emphasized broad strategies being pursued to strengthen the taxation system, touching upon changes to taxes on profits and natural resources, rules governing transfer pricing, and the idea of a "goodwill" tax payer.

In addition to Shatalov and Voskresensky, speakers at "Tax Reform in Russia: Where Are We?", included representatives from Baker & McKenzie, Cushman & Wakefield Stiles & Riabokobylko, Deloitte, Ernst & Young, ING Non-State Pension Fund, KPMG, Norman DL Associates, Pepeliaev, Goltsblat & Partners and Salans.

Presentations: