Corporate Taxation in the Russian Federation

Corporate Taxation in the Russian Federation CORPORATE TAXATION IN THE RUSSIAN FEDERATION Svetlana V. Almakaeva Pepper, Hamilton & Scheetz, St. Petersburg Introduction When considering new investments, investors compare potential profit with possible losses. Generally, this is an after-tax evaluation. Undoubtedly, one of the most important factors is the estimation of the amount of taxes that one will have to pay on the profit received from such investment. Consequently, it is important that the rules governing the tax system be accessible, and that the system itself be stable and capable of providing answers as to how a particular business can expect to be taxed under various scenarios. In most countries, it is relatively easy for an investor to determine the amount of taxes that are likely to be paid under different base cases before an invest- ment is made. However, for the investor wishing to invest in Russia, this is not a simple undertaking. In accordance with the December 1991 Russian Federation (RF) Law "On the Principles of the Tax System in the RF",' there are twelve federal taxes currently in force on the territory of the Russian Federation; six more regional taxes have been established by Russian legislation and are obliga- tory throughout the http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Central and East European Law Brill

Corporate Taxation in the Russian Federation

Loading next page...
 
/lp/brill/corporate-taxation-in-the-russian-federation-Smpg21jOKA
Publisher
Brill
Copyright
© 1995 Koninklijke Brill NV, Leiden, The Netherlands
ISSN
0925-9880
eISSN
1573-0352
DOI
10.1163/157303595X00129
Publisher site
See Article on Publisher Site

Abstract

CORPORATE TAXATION IN THE RUSSIAN FEDERATION Svetlana V. Almakaeva Pepper, Hamilton & Scheetz, St. Petersburg Introduction When considering new investments, investors compare potential profit with possible losses. Generally, this is an after-tax evaluation. Undoubtedly, one of the most important factors is the estimation of the amount of taxes that one will have to pay on the profit received from such investment. Consequently, it is important that the rules governing the tax system be accessible, and that the system itself be stable and capable of providing answers as to how a particular business can expect to be taxed under various scenarios. In most countries, it is relatively easy for an investor to determine the amount of taxes that are likely to be paid under different base cases before an invest- ment is made. However, for the investor wishing to invest in Russia, this is not a simple undertaking. In accordance with the December 1991 Russian Federation (RF) Law "On the Principles of the Tax System in the RF",' there are twelve federal taxes currently in force on the territory of the Russian Federation; six more regional taxes have been established by Russian legislation and are obliga- tory throughout the

Journal

Review of Central and East European LawBrill

Published: Jan 1, 1995

There are no references for this article.

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create folders to
organize your research

Export folders, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off