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. Last Updated: 07/27/2016

Tax Code Proposals

MOSCOW () -- The State Duma will consider the draft tax code in a second reading in November, according to Alexander Zhukov, deputy chairman of the Budget Committee.

"About 400 suggestions have to date been submitted by deputies and constituent members of the Russian Federation. The figure may amount to several thousand by Sept. 15," Zhukov said.

The task force has completed the first stage of the work on the draft tax code and is currently preparing proposals on behalf of the Budget Committee, he said. The proposals include lowering the value added tax by about 5 percent against the 22 percent proposed by the government and introducing a more detailed scale for the income tax depending on the annual income of citizens.