A socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 155 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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News
29.05.2020

BRICS Tax Authorities discuss support measures for taxpayers under the new conditions

On 29 May, Head of the Federal Tax Service of the Russian Federation Daniil Yegorov chaired the Meeting of Heads of BRICS Tax Authorities via videoconference.

The meeting focused on economic support measures for taxpayers and providing services during the COVID-19 pandemic.

Daniil Yegorov noted that the crisis caused by COVID-19 has accelerated the digital transformation of state management and public services. Thus, the Russian Federal Tax Service gave an example of already implemented projects for the remote provision of tax services, such as tax monitoring that allows tax authorities to have online access to companies’ accounts and transactions, a blockchain platform for cooperation with banks and companies that apply for a preferential loan, as well as an online service to receive subsidies to pay salaries to employees of companies affected by the pandemic.

«The entire cooperation process starting from submitting an application to receiving payments is organized via this service. Employers can monitor the application status in their personal account. It usually takes no longer than two or three days. More then 600,000 Russian taxpayers have already received a total of 31 billion roubles in subsidies,» Daniil Yegorov noted.

Representatives of BRICS Tax Authorities also discussed the prospects of taxation of the digital economy, as well as practical issues of the automatic information exchange mechanism. They also shared their experience in countering the grey economy.

«The automatic information exchange is another multilateral tool to combat tax evasion. It is necessary to further develop this initiative and improve the quality of data, including other types of information in the data exchange that affect tax revenues. These mechanisms can only be effective if they are developed and used taking into account the interests of all the parties involved,» Daniil Yegorov said.

Heads of BRICS Tax Authorities have summarized the main outcomes of the meeting in the final communique.


Official website of the Russian BRICS presidency: https://eng.brics-russia2020.ru/allnews/

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