A law amending the procedure for applying special tax regimes has been adopted (the “Law”). Specifically, the provisions on a simplified taxation system based on a patent have been written in a separate chapter of the Tax Code of the Russian Federation (the “Code”) under the heading “The patent taxation system”. In terms of application, the respective regional authorities will decide which types of activities come under the patent system, and they will decide when to remove such activities from the patent system.

The Law also amends the provisions on the simplified tax system, unified agricultural tax, and unified tax on imputed income. The amendments concern the procedure, the due dates for tax payments, and the procedure of tax reporting.

A new provision containing the term “deflator coefficient” has been introduced to part one of the Code. The amendments will come into force on 1 January 2013, with the exception of those provisions that have different commencement dates.

[Federal Law No. 94-FZ “On Amending Parts One and Two of the Tax Code of the Russian Federation, and Certain Legal Acts of the Russian Federation”, dated 25 June 2012]