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Changes to the Tax Code Related to Traceability of Goods

The new rules will come into effect on 1 July 2021

The new rules will come into effect on 1 July 2021

On 9 November 2020, the President of the Russian Federation signed Federal Law No. 371-FZ “On Amending Part One and Part Two of the Tax Code of the Russian Federation and the Law of the Russian Federation ‘On Tax Authorities of the Russian Federation’” to introduce changes connected to a national system to enable the tracing of goods. The new rules will come into effect on 1 July 2021. In the KPMG Tax Review attached we enlist the traceable goods contained in the draft Resolution of the RF Government, analyze the further steps for affected companies and give recommendations on how KPMG can help.