| The tax amnesty in Russia started in March 1 of 2007 | | | | Russians, as the deliberate people, remembering the |
| and ends in January 1 of 2008. Taxpayers pay a tax | | | | sad history, are not so trusting to Tax Agencies and |
| rate of 13% from all income that was not legalized but | | | | afraid to report the information that may be used |
| received before January 1 of 2006. | | | | against them. |
| I know from my experience, and it is not a secret, of | | | | The Federal Treasure published the statistic that in |
| the double-dealing accounting in Russian companies; | | | | March - July of 2007 civilians transferred to budget's |
| one is the official and another one is under table, it calls | | | | system of Russia 377.4 million rubles (approximately |
| in Russia (black accounting). If you doing business in | | | | $13.2 million). As Treasury published, it was only $113 |
| Russia you better count on double-dealing accounting. | | | | millions of income, which was legalized. |
| Almost every company has a double-dealing | | | | It was not a big surprise that the most of the collected |
| accounting just because the income tax rate and | | | | money came from Moscow- $5.9 million, Saint |
| payroll taxes were very big in old Russian tax code. If | | | | Petersburg second place - $700 thousands and an |
| company paid all of the taxes it could go bankruptcy | | | | another "record" was made in Kalmic; they collected |
| quite fast. Knowing of this situation by Russian | | | | $3! |
| government, it came up with the decision of this | | | | This information may be a good hint for the best place |
| amnesty. | | | | of doing business in Russia and for places of |
| But here are some exceptions; people who commit | | | | developing businesses. |
| any other crimes besides concealments of incomes, | | | | The pick of the amnesty fall in the Summer time of |
| like concealments of income received by breaking the | | | | this year, may be as a result of overheated weather in |
| criminal law, financial law, customs law or any other | | | | Moscow, so only in July was collected almost 1/3 of all |
| law do not have this amnesty. | | | | collected money. |
| According to the current law, non-payment of taxes | | | | The expectations of the amnesty are far from reality; |
| from the received incomes (concealments of incomes) | | | | it was expected legalization of $5-7 billions but as it is |
| considering to offence of braking administrative and | | | | going now in reality may be only $1 billion. |
| the criminal liability. Other words people who did not | | | | Other word, Tax Amnesty in Russia is way below of |
| pay taxes from annual income more than 100 | | | | the expectations of the Government and considered |
| thousands rubles (approximately $3,900) considered to | | | | to be not very successful. |
| be the violators. | | | | People did not believe in the good intents of the |
| Unfortunately, Russian people are not in a big rush to | | | | authority, but still for anyone who believes in the good |
| be remorse of there sins in taxes. Tax amnesty | | | | government they have the time for repentance of |
| started in March 2007 and it is continuing without a big | | | | their concealments of incomes; the amnesty is |
| success as it was expected; even if taxpayer has the | | | | continuing till the end of this year, December 31 of |
| rights not to disclose the source of their income. | | | | 2007. |