In Russia, recently important tax laws were passed for corporate taxation from 2015 onwards, which will take effect from 2016. The major changes are given below:
- In 2016, an interest rate threshold from 75% to 125% for the Central Bank will apply in the case of debt obligations. This will increase the number of transactions for which interest will be recognized under the transfer pricing rules;
- The higher value threshold for depreciable property will be applicable from 1st January 2016;
- From 2016, the accounting periods for assets tax for such companies will be the first quarter, second quarter and third quarter of a calendar year, but the changes do not affect the calculation of tax that was introduced in 2015.
- A CGT must be formed for no less than 5 years and it will apply to CGTs registered after January 1, 2018.
