This Federal Law is aimed at implementing the provisions of the main guidelines of the budget, tax and customs tariff policies of the Russian Federation.
The law clarifies individual provisions of the Russian Federation Tax Code in order to improve tax administration, including the procedure for the use of a single tax account by taxpayers.
In particular, the Federal Law stipulates personal income tax rates of 13 percent and 15 percent (for incomes exceeding 5 million rubles) with regard to remuneration received by remote employees who are not tax residents of the Russian Federation and who are working under contracts with Russian organisations or with standalone units of foreign organisations in the Russian Federation.
The Federal Law also clarified certain provisions of Chapter 25 (Corporate Income Tax) of the Russian Federation Tax Code, including the rules specifying the taxation of controlled foreign companies that are unincorporated foreign organisations.