Russia Tax Agency Posts FAQs on Various Taxes

The Russian Federal Tax Service May 6 posted FAQs on various taxes. Topics covered include that: 1) income from the sale of an inherited share in a limited liability company (LLC) is exempt from individual income tax if continuously owned by the taxpayer for over five years, subject to other conditions; 2) organizations and individual entrepreneurs applying the special regime for the automated simplified taxation system (AUSN), aren’t exempt from performing as tax agents, including as tax agents for the individual income tax of employees; 3) legal entities and individual entrepreneurs must inform their local registration authority within seven working ...