Legal overviews
Accreditation оf IT Companies: Confirmation аnd More
- Services: Tax Law, Information technology
- Date: 15.05.2024
We would like to remind you that IT companies that wish to enjoy tax benefits need to confirm their state accreditation every year. Companies can confirm state accreditation on the Gosuslugi web site from May 8 to June 1 inclusive.
Deadline coming for filing notifications on controlled transactions
- Service: Tax Law
- Date: 13.05.2024
By May 20, 2024, taxpayers must submit a notification to the tax authority regarding controlled transactions (Clause 2 Article 105.16 of the Russian Tax Code). The key points regarding filing such a notification are described in our brief.
Key Aspects of The Asset Swap
- Service: Tax Law
- Date: 25.03.2024
The media’s attention has long been drawn to issues of swapping assets blocked due to sanctions imposed by western states, as well as due to the counter-sanctions Russia imposed in response.
Taxes on operations with foreigners: what to know in 2024
- Service: Tax Law
- Date: 16.01.2024
The end of the past year turned out to be a fruitful time for lawmakers, particularly in respect to taxation. To add, the majority of new laws took effect right as the celebrations unfolded, i.e. starting from January 1, 2024.
In this review, we will examine the main novelties in tax law which could have a meaningful impact on Russian business that has economic, corporate and other ties with foreign entities. That said, lawmakers were apparently guided by the principle of “leave no one behind” and addressed practically everyone, since the provisions we will examine here will affect not only persons with ties to so-called “unfriendly entities,” but also residents of other foreign states.
Double tax treaties suspended – now by law
- Service: Tax Law
- Date: 21.12.2023
Since August of 2023, businesses have had to adapt to the fact that Russia has suspended double tax treaties with a number of foreign states. Although suspension of double tax treaties is not provided for by the international treaty itself, the suspension was ordered by a Decree of the Russian President (Presidential Decree No.585 dated August 8, 2023, hereinafter “Decree 585”), as we wrote earlier.
New mechanism for payments under Russian ministry of finance’s Eurobonds
- Service: Tax Law
- Date: 18.09.2023
Presidential Decree No.665 dated September 9, 2023 (“Decree No.665”) was published recently and regulates the procedure which Russia will follow when performing its obligations under eurobonds (state bonds in foreign currency) to residents and to foreign creditors. The new decree modifies the procedure previously set by Presidential Decree No.394 dated June 22, 2022. In this overview, we will briefly analyze how Decree No.665 changed the process.
DTTs with “unfriendly” states suspended
- Service: Tax Law
- Date: 15.08.2023
The biggest news from last week is the Decree of the Russian President on suspension of DTTs.
Earlier, we noted that this is important news, and now we have prepared an expanded review in which we tell you about consequences and measures to take.
The Capital Legal Services team continues to monitor the situation.
Restrictions on transactions with LLC equity interests
- Services: Tax Law, Sanctions Compliance
- Date: 09.09.2022
Yesterday was issued Presidential Decree No. 618 (the “Decree”), which limits the ability to carry out transactions with LLC equity interests for the some categories of persons.
Notification of participation in Multinational Enterprise Group
- Service: Tax Law
- Date: 02.08.2022
We kindly remind everyone that the deadline for filing a notice of participation in a Multinational Enterprise Group or 2021 is approaching. The deadline date is August 31, 2022.
New russian presidential anti-sanctions decree
- Services: Tax Law, Sanctions Compliance
- Date: 12.07.2022
On July 5, the President signed a new anti-sanctions decree No.430 (the “Decree No.430”), which eases the existing restrictions in currency regulation, but also introduces some new ones.