A socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, 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, helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 209 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 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 212 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 86 countries worldwide, and 293 Russian public organizations, federal and regional executive and legislative bodies of the Russian Federation.

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

Parameters of a Fair Tax System. Expectations and Possible Difficulties

Congress Centre, conference hall D4
The State Duma is discussing parameters for the modernization of the tax system. The amendments are expected to be the most extensive in recent times. These circumstances force businesses and the professional community to pay increased attention to possible innovations. In particular, the changes affect all major taxes: personal income tax, income tax, VAT, as well as the most sensitive issues for entrepreneurs associated with the ‘fragmentation’ of business, tax benefits for IT companies, and tax rules for controlled foreign companies. However, several issues have not yet been clarified in the bill. For example, the bill does not contain clear criteria for the ‘fragmentation’ of business, and the Russian government has yet to determine the parameters for the provision of a federal investment deduction. The session participants will discuss certain aspects of tax reforms, in particular the upcoming amnesty for the ‘fragmentation’ of business, the parameters of the federal tax deduction, as well as how to apply tax benefits. How can a business determine whether a group of companies is a single economic entity and whether it qualifies for amnesty? What are the expectations of business concerning the main parameters of the federal investment deduction? How can we strike a balance in public and private interests in terms of increasing the personal income tax and corporate income tax rates?
Date
Forum
St. Petersburg International Legal Forum
Started at
10:00—11:30
Conference hall
Congress Centre, conference hall D4
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