Russia: Draft law on CbC reporting requirements issued for public consultation

Russia’s Parliament has put forward a draft federal law aiming to restructure the country’s personal income tax (PIT) system.  Under Draft Law No. 1160313‑8 on 25 February 2026, the reform would exempt low-income individuals from taxation

The Russian Ministry of Finance (MoF) has submitted amendments to the Tax Code aimed at helping small and medium-sized enterprises (SMEs) adapt to the tax changes that took effect in 2026. The Tax Code is proposed to be supplemented with the

Russia is considering a one-time windfall tax on banking sector profits, following a bill submitted to the State Duma. The initiative, filed under Bill No. 1162521-8, was published in the chamber’s electronic database. The excess profits for

The Bank of Russia Board of Directors decided to cut the key rate by 50 basis points to 15.50% per annum on 13 February 2026. The economy continues to return to a balanced growth path. In January, price growth accelerated significantly due to

Russia has enacted a series of tax reforms for 2026 under Federal Law No. 425-FZ of 28 November 2025, introducing changes across VAT, corporate taxation, and digital asset regulation. The reforms took effect on 1 January 2026. The standard VAT

Russia’s Federal Tax Service (FTS) has updated the list of jurisdictions that exchange financial account information under the CRS/AEOI framework. The update was made through FTS Order No. ED-7-17/883 dated 14 October 2025, registered with the