Tax reliefs in the Russian Federation, their definition, types and classification

Abstract

The present article analyzes the definition of tax allowances that is fixed in Tax Code of the Russian Federation and classification of tax allowances into tax exceptions, tax abatements and tax discharges. The article also covers the author's classification of tax allowances into direct and indirect ones, according to economic benefits obtained by taxpayers as a result of using tax allowances. In the conclusion, the author determines an exhaustive list of tax allowances in the Russian tax legislation.

Keywords

• tax allowances, tax exceptions, tax abatements, tax discharges, tax deductions, direct tax allowances, indirect tax allowances, economic benefit