Russia is introducing a new special tax regime, the "Automated Simplified Taxation System". The new regime is introduced on a trial basis by Federal Law No. 17-FZ of 25 February 2022 and applies from 1 July 2022 to 31 December 2027. The purpose of the regime is to automatically assess the amount of tax due without requiring taxpayers to submit tax returns, including corporate income tax, in the case of companies, and personal income tax, in the case of individual entrepreneurs. In addition t…