According to the document, the income tax rate, set at 24 percent, will be distributed among federal and regional budgets in the following way: 6.5 percent will go to the federal budget, and 17.5 percent – to regional budgets. Currently, 5 percent go to the federal budget, 17 percent – to regional budgets and 2 percent – to local budgets.

The individual dividend tax will be raised from 6 percent to 9 percent. The advertisement tax is abolished; losses of local budgets will be compensated through transferring outdoor advertising companies to the single imputed income tax.

Federal taxes and duties include the value added tax, excise duties, the income tax, the profit tax, the gift tax, the inheritance tax, the single social tax, the severance tax, the water tax and some other taxes. Regional taxes include the corporate property tax, the gambling tax and the transportation tax. Local taxes include the land tax and the individual property tax.