The Russian State Duma (lower house of parliament) is reportedly considering a draft bill submitted on 18 March 2024 that would reduce the thresholds taxpayers must meet in order to take part in the tax monitoring system. The system allows for the exchange of information between taxpayers and the tax authority and exempts taxpayers from desk and field audits in most cases, among other benefits. The proposed thresholds for taxpayers to take part include:
- Total annual income must be at least R…