Russia to Increase Thresholds for Mandatory Tax Audit

The Russian parliament is considering Draft Law no. 975888-7, which was submitted on 19 June 2020 and provides for an increase in the revenue threshold for a mandatory tax audit in order to support SMEs. This includes an increase in the revenue threshold for a mandatory tax audit from RUB 400 million to RUB 800 million in the previous year and an increase in the asset value threshold from RUB 60 million to RUB 400 million.