De-offshorization law enters into force from 1 January 2015
On 24 November 2014 the President of the Russian Federation signed Federal Law No. 376-FZ “On the Introduction of Amendments to Part One and Part Two of the Tax Code of the Russian Federation (Regarding the Taxation of the Profits of Controlled Foreign
Tax Monitoring as a New Form of Control
The Russian State Duma has approved in the final third reading a draft law on implementing a new form of a tax control in the Russian Federation – tax monitoring.
Amendments to the Federal Law “On Russian Citizenship”
On 4 August 2014 Federal Law No. 142-FZ “On Amendments to Articles 6 and 30 of the Federal Law “On Russian Citizenship” and Separate Legislative Acts of the Russian Federation” (hereinafter – the Law) entered into force.
Utilization fee: additional costs for business
On 22 August 2012 Russia will become the full member of WTO. From this date the new Customs Tariff of the Customs Union of Russia, Belarus and Kazakhstan, establishing the import duty rates, will enter into force.
New Russian Transfer Pricing Rules
As you may already know, new transfer pricing rules were recently implemented in Russia. These rules significantly change existing transfer pricing legislation.
VAT-invoices signed by facsimile
However, recently the Supreme Arbitration Court published Decision № 4134/11 of 27 September 2011, which significantly enhances the tax risk that VAT will be denied if VAT invoices are signed by facsimile.
Effects of Russia’s accession to the WTO
On 10 November 2011 the WTO’s working group approved a protocol that permits Russia to become a member of the WTO. The protocol also recommended that the ministerial conference, which is planned for 15-17 December, accept Russia as a WTO member.
Changes in the VAT law – Are you ready?
On 19 July 2011 Federal Law # 245-FZ was adopted. The law significantly changes the VAT rules and will have a substantial impact on companies’ VAT liabilities. We have already analyzed the changes and are happy to present them to you.