Updates
Common Characteristics of the System of Taxation in the Russian Federation (08.11.2011)
The basic laws governing taxation are covered by the Tax Code of the Russian Federation (TC RF).The Tax Code consists of two parts. The first part of the Tax Code came into effect on January 1, 1999. It contains the basic rules that are applicable to tax legislation in Russia, including the concepts used in the tax law, the principles of taxation, the system of taxation, the status of taxpayers and government bodies involved in taxation, general rules governing the payment of taxes, as well as the rules on liability for any breach of tax laws and regulations on the protection of rights of taxpayers. The second part came into effect on January 1, 2001. This part establishes the rules as it relates to specific taxes.
