The Federal Law No. 167-FZ that amended tax code has entered into force with effect from June 24, 2014. On the basis of Federal law, companies that failed to complete their withholding tax obligations subject to dividends paid to Russian companies in 2014 are relieved from any tax liability provided by article 123 of the Tax Code. On the other hand, Russian companies those are the recipients of dividends must pay the appropriate corporate income tax due. The depositories which transferred dividends to Russian companies in 2014 shall report this to the tax authorities until January 31, 2015.
Related Posts
Russia clarifies taxation of international shipping under 1997 treaty with Turkey
November 22, 2024
The Russian Ministry of Finance (MoF) issued Guidance Letter No. 03-08-09/96760 on 2 November 2024, clarifying the tax treatment of payments related to the operation of shipping vessels in international transport, in accordance with the 1997 tax
Read More Russia to tax cryptocurrency transactions
November 21, 2024
The Russian Ministry of Finance announced that the government has approved proposed amendments to a bill regarding the taxation of income and expenses related to cryptocurrency transactions and mining. A report by the Russian news agency Interfax
Read More Russia ratifies income tax treaty with Abkhazia, Malaysia
November 07, 2024
The President of Russia signed the Law No. 372-FZ for the ratification of the income tax treaties with Abkhazia and Malaysia on 2 November 2024. Earlier, the Russian government approved draft laws for the ratification of pending income tax
Read More
France clarifies tax treaty suspension with Russia
October 30, 2024
The French General Directorate of Public Finances published a guidance, on 23 October 2024, for the application of the France and Russia income tax treaty following the suspension of several provisions of the agreement. Despite the suspension,
Read More Russia: Upper House approves tax treaty with Abkhazia
October 30, 2024
The Russian Federation Council, upper house of parliament, approved the law for the ratification of the pending income tax treaties with Abkhazia on 23 October 2024. The treaty with Abkhazia, signed on 7 May 2024, is the first between the two
Read More Russia: Central Bank raises record high key interest rate
October 30, 2024
The Central Bank of Russia (CBR) has increased the key interest rate from 19% to 21%, on Friday, 25 October 2024. The initiative is an effort to combat growing inflation as government spending on military strains the economy’s capacity to
Read More