Order Amending the Form of Corporate Income Tax Declaration and Its Annexes
The order introduces changes to the form of the Corporate Income Tax Declaration and its annexes. The main changes relate to the procedure for reflecting transactions with non-residents and calculating tax differences. Structurally, the order contains 4 points of changes: exclusion of line 23 from Annex PN, changes to Section 3 of Annex RI regarding financial transactions, new version of Annex AM on accrued depreciation, and changes to Annex DIYA in terms of transactions with non-residents. Key changes include:
– Clarification of the procedure for reflecting income from participation in non-resident capital (minimum 10% throughout the year);
– Adjustment of taxation rules for transactions with non-residents with organizational and legal forms from the CMU list (30% of value);
– Update of rules regarding royalties and other payments to non-residents from low-tax jurisdictions.
