On 9 October 2026, the Federal Tax Service clarified that organizations and individual entrepreneurs applying the Automatic Unified Simplified Tax System (Auto‑USN) remain obligated to maintain full statutory accounting records and submit annual financial statements to the tax authority. The clarification responds to widespread misconceptions that the simplified tax regime relieves taxpayers from general accounting duties under Federal Law No. 402‑FZ “On Accounting”.
Key Takeaways
- Accounting Maintenance: Auto‑USN taxpayers must keep accounting records in accordance with Russian Accounting Standards (RAS), including double‑entry bookkeeping, chart of accounts, and internal control procedures.
- Reporting Deadline: Annual financial statements (balance sheet, profit and loss statement, statement of changes in equity, cash flow statement, and notes) must be filed electronically within three months after the reporting year end (i.e., by 31 March 2027 for the 2026 year).
- Audit Exemption: While small entities meeting statutory criteria may be exempt from mandatory audit, they are not exempt from preparing and submitting financial statements.
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