ANNOUNCEMENT 19 Sep 2012In September 2012, the government of the Russian Federation announced a targeted tax change.
NUMBER OF INTERVENTIONS
Federal Law FZ 161 On amendments to part two of the tax code of the Russian Federation and on the cancellation of some provisions of the Russian legislation, http://news.kremlin.ru/media/events/files/41d41afb1d6969e41989.pdf
On September 19, 2012, the State Duma, the Lower House of the Russian Parliament, adopted amendments to the Federal Tax Code, which have the aim to support farmers in light of Russia's accession to the WTO. The amendments were approved on September 26, 2012, by the Federation Council, the Upper House of the Russian Parliament. Finally, on October 2, 2012, the President of the Russian Federation signed the amendments to the Federal Law FZ 161 "On amendments to Part Two of the Tax Code of the Russian Federation and on the cancellation of some provisions of the Russian legislation". The law enters into force on January 1, 2013, but not earlier than one month after its official publication, and not earlier than the beginning of the tax period (in the case of certain taxes).
The beneficial amendments of the farmer taxation comprise: