Putin instructed to implement tax reform

Putin instructed to implement tax reform

Moscow. 1 Dec. Russian President Vladimir Putin considers it necessary during the 2017 to discuss the proposals for the new configuration of the tax system to take in 2018, appropriate amendments to the Tax code and to enter into force from 2019.

“I propose in the next year in detail and comprehensively to consider proposals for setting up of the tax system, be sure to do it with the participation of business associations. Despite the political calendar, we still need in 2018 to prepare and make all appropriate amendments to the legislation, the Tax code, and from 1 January 2019 to enter them into action, registering a new stable rules in the long term,” said he, speaking with a message to the Federal Assembly.

The head of state reminded that in 2014 the decision was made to freeze the existing tax environment for business. “We did not review them and despite changes in the economic situation. This had a positive impact on the operation of enterprises. However, we must Orient our tax system to make it work on the main goal – to stimulate business activity, economic growth and investment, creating competitive conditions for the development of our businesses. Need to streamline the existing fiscal incentives to make them more targeted, eliminating ineffective tools,” he said.

On Thursday in the Kremlin the Russian leader delivers his annual message to the Federal Assembly of the Russian Federation. This is the 23rd message of the leader of the country’s legislators in contemporary history of Russia and 13th personally for Vladimir Putin.