Changes to Tax Law Were Introduced

A possibility to submit information to the tax authorities and receive it from them in the electronic form was provided for.

A simplified procedure for recognition of tax deficiency and indebtedness related to bad penalties and fines and their writing off was established.  The grounds for the foregoing are listed in law.  The decision is to be made by territorial divisions of the tax authorities and customs authorities (to the extent it relates to taxes, fines, penalties payable in connection with transfer of goods across the boundary of the Russian Federation).

Procedure for granting deferral and extension of time related to tax payment was changed.

Accruing of interests in the event the decision on the suspension of the taxpayer's bank account operations made by tax authorities was unlawful is provided for.

Procedure for tax registration of taxpayers was précised.  A liability for tax crimes was increased.

A possibility of drawing up and issuance of the invoices in the electronic form was provided for.  A new detail (currency) was introduced to the invoice.

Minimum preliminary cost of the amortized property was increased from 20,000 rubles to 40,000 rubles.

Several changes were also introduced to the second part of the RF Tax Code.

An administrative liability was introduced for illegal refuse to permit a tax official to inspect the territories subject to the tax inspection.

See: Federal Law no. 229-FZ "On Amendment of the First and Second Parts of the Tax Code of the Russian Federation and Some Other Legislative Acts of the Russian Federation and on   Annulment of Certain Legislative Acts (Provisions Thereof) of the Russian Federations in Respect of Settlement of Indebtedness Related to the Payment of Taxes, Levies, Fines, Penalties and Some Other Tax Administration Issues" dated July 27, 2010.