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The “paper VAT” and what it can lead to: a lawyer explained the subtleties of the new law

The “paper VAT” and what it can lead to: a lawyer explained the subtleties of the new law

November 12, 2024 the State Duma adopted Federal Law N 263208-8 “On Amending the Criminal Code of the Russian Federation and Articles 28-1 and 151 of the Criminal Procedure Code of the Russian Federation”, which supplements the Criminal Code with a new Article 173.3 providing for punishment for organizing activities to submit to the tax authorities or selling knowingly false invoices and tax declarations. Let us understand why this law was adopted, who falls within its scope and what consequences it entails for offenders.

Russia may impose a ban on imports of sunflower and corn seeds from a number of countries

Russia may impose a ban on imports of sunflower and corn seeds from a number of countries

Russia is considering a complete ban on imports of hybrid sunflower and corn seeds from unfriendly countries, with the exception of high-oleic sunflower and waxy corn, for which small quotas have been set. At the moment, the maximum volume of allowed imports of these crops is 7 thousand tons for sunflower seeds and 4.4 thousand tons for corn. The new restrictions were reported by a source close to the Ministry of Agriculture.

Russia's economy has moved to the fourth place in the world in terms of purchasing power parity

Russia's economy has moved to the fourth place in the world in terms of purchasing power parity

Russia's GDP share this year is 3.55% of the world's GDP at purchasing power parity, which allows the country to surpass Japan with its 3.38% and take the fourth place in the world ranking at PPP purchasing power parity. This is the data from the International Monetary Fund (IMF) report on GDP dynamics. The leading positions in this indicator are occupied by China, the United States and India. Earlier, the IMF adjusted the forecast of Russia's GDP growth for the current year to 3.6%.

Number of people in Russia with income over 150 thousand: specialist's commentary

Number of people in Russia with income over 150 thousand: specialist's commentary

Specialists of the Higher School of Economics have published new data on financial inequality in Russia. According to their calculations, the share of Russians with incomes over 150 thousand rubles may be almost twice as high as previously thought. The researchers note that in Russia it is difficult to accurately assess the financial stratification due to lack of information. Usually survey and administrative sources are used for this purpose. But Sergei Kuzin and Alexander Surinov from the Center for Economic Measurements and Statistics at the Higher School of Economics have proposed a method that allows combining these sources for more accurate calculations.

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