This book will guide the investor and other interested readers to understand the resulting present day Russian taxation system. Together with a general overview of all the most important provisions of the law we deal at a practical level with details affecting investment choices, financing, repatriation of profits and day-to-day financial management issues. The book describes the framework of the taxation system covering the rights and obligations of both taxpayers and taxation authorities. All the taxes are presented and explained: the Corporate Profit Tax, the VAT, Personal Income Tax, Social Tax and others.