The Review Of Regulatory Docements On Taxation Issues In June-July 2015

In the period under review, the situation in Russia remained relatively stable. Ministries and agencies worked on technical up-dating of the existing schemes and mechanisms of organization of economic relations and issued explanatory documents; higher judicial authorities analyzed problems which market entiti es encountered with in their activities and took decisions aimed at fi lling of the gaps in the legislation and had explanations as regards law enforcement practice published. The rules and principles of organization of interaction between the authorities, business and other taxpayers were tightened: companies registered in off -shores were barred from participating in state procurement1, responsibility of managers of state-run corporations and entities with state par cipation for state property management2 were strengthened; eff orts to carry out market commercialization of large state projects were observed, time-limits were reduced and rules of recognition of property as vacant were set for immediate integration of that property in the economic turnover and responsibility of owners for timely disclosure and registration of their titles to real property in the Russian Federation was increased – all the above measures generally contributed to formation of a stable base of the budget system of all the levels.