The Federal Tax Service and professional accounting bodies published a consolidated digest on 2 October 2026 summarizing the most critical regulatory developments of September 2026 for accountants, tax specialists, and financial managers. The digest highlights three clusters of changes: (1) statutory reporting deadlines for the third quarter of 2026, including VAT returns (due 25 October), profit tax advances (due 28 October), and the new mandatory electronic submission format for the simplified tax system (STS) declaration; (2) the government’s decree transferring public holidays in 2027, which shifts the May holiday week and affects payroll accrual periods and tax payment calendars; and (3) the phased implementation of the updated wage payment system under Labor Code amendments effective 1 January 2027, requiring employers to revise payroll software and internal policies by 31 December 2026. The digest also notes the extension of the pilot project for automated VAT invoice verification in 12 regions.
Key Takeaways
- Compressed Q3 Filing Window: Key tax returns (VAT, profit tax advance, STS) cluster in late October 2026; electronic-only filing for STS declarations eliminates paper fallback.
- 2027 Holiday Shift Impacts Payroll: The relocated May 2027 holidays alter the number of working days in April-May, affecting salary accruals, personal income tax withholding, and insurance contribution bases.
- Wage System Overhaul Deadline: Employers must align payroll processes with the new Labor Code wage payment rules by 31 December 2026, including mandatory electronic payslips and revised overtime calculations.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement