RUS GVT Law Amending the Tax Code


On Nov. 23, RUS GVT published law amending the tax code of Russia.


  • RUS GVT published law 388-FZ amending art 346-43 of part 2 of the tax code.
  • Summary
  • The law grants payment agents rights to apply patent taxation system when providing services for accepting cash from individuals and depositing it in their accounts.
  • As well as for issuing cash to individuals from their bank accounts when they carry out retail trade through stationary retail network facilities in rural settlements.
  • Effectiveness
  • The law enters into force on Dec. 23, 2024 (30 days after official publication).

Regulators RUS GVT
Entity Types Bank; CNSM
Reference PR, Law 388-FZ, 11/23/2024
Functions Financial; Legal; Operations; Reporting; Risk; Tax; Treasury
Countries Russia
Category
State
Products Banking; Payments
Regions EMEA
Rule Type Final
Rule Date 11/23/2024
Effective Date 12/23/2024
Rule Id 234525
Linked to N/A
Reg. Last Update 11/23/2024
Report Section International

Last substantive update on 11/28/2024