Senator A. Gubkin presented for consideration a draft law № 313369-5 on introduction of changes to Article 25 of the Tax Code of the Russian Federation. The proposed changes are the new Article 297.1 Peculiarities of Definition of Profits and Expense of a Credit Cooperative, amendments to Article 250 and Article 265.
According to the authors of the draft law, the existing legislative ambiguity in taxation of credit consumer societies affects the development of credit cooperation. Thus, it is necessary that changes should be introduced to the Tax Code of the Russian Federation in the form of regulations defining the peculiarities of taxation of credit consumer cooperatives.
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