The draft law includes the following main changes:

• Amendments to the first part of the Tax Code
• Adjustment of the procedure for the taxation of profits of a Controlled Foreign Company
• Clarification of the duties and responsibilities of tax agents for payments to foreign organizations
• Introduction of electronic bank guarantees

In addition, part of the changes also concern the personal income tax:

• Possibility of taking into account the actual costs of acquiring property rights at the time of sale
• Modification of the procedure for granting social tax deductions

Finally, one part also concerns income tax:

• Extension until 2030 of the federal income tax rate of 3% and the limit of 50% for the accounting of losses from previous periods
• Adjustment of the conditions of application of the coefficient for research and development costs
• Reduction of state duties on accreditation of branches and representative offices of Eurasian Economic Union organizations
• The right to apply the simplified tax regime for investment advisors
• Definition of details concerning the application of the simplified reduced-rate tax regime in the case of a transfer between beneficiaries