Tax Reporting in 2025: Key Changes and Updates
The spring of 2025 brings significant modifications to tax reporting procedures for accountants. Here are the main updates to consider when preparing Q1 reporting documents.
1. Updated Insurance Premiums Calculation
Key changes to the form include:
- New column 141 in subsection 3.2.1 for civil contract payments
- New appendix 3.1 for SMEs in manufacturing sectors
- Reduced 7.6% tariff for payments exceeding 1.5x minimum wage
- Additional verification ratios (items 1.243-1.249)
2. VAT Declaration Modifications
By April 25, it is necessary to submit a declaration for the 1st quarter in a new form, taking into account, among other things, the following innovations:
- Inclusion of EAEU e-commerce transactions
- Expanded operation codes list
3. Profit Tax Declaration Adjustments
Notable changes:
- New fields for tax registration codes (056 and 206)
- Revised “Tax on Specific Income Types” section
- Additional income classification lines
- Rate changes:
- General rate increased to 25%
- IT companies: 5% instead of 0%
- Electronics manufacturers: 8% instead of 3%
4. New Business Opportunities
Available from 2025:
- Federal investment deduction (3%)
- Application conditions:
- 50% cap on fixed asset expenses
- Limited to specific industries
- Requires targeted fund usage
5. Inventory Procedure Updates
Mandatory application of federal standard for inventory procedure from April 1, 2025:
- Photo/video documentation permitted
- Clarified timing requirements
- Standardized documentation rules
- Detailed results assessment process
Recommendations for Accountants
- Thoroughly review updated reporting forms
- Verify new control ratios
- Consider revised tax rates and benefits
- Meet submission deadline: April 25, 2025
- Pay special attention to:
- New reporting fields
- Modified taxation rates
- Investment deduction requirements
Timely familiarization with these changes and careful preparation will help prevent errors and minimize risks during tax authority interactions.
