On 26 March 2022, Russia published Federal Law No. 68-FZ on Amendments to Articles 284 and 284-8 of Part Two of the Russian Tax Code. Under the amendments, the corporation tax rate of 0% applies retrospectively to 1 January 2022 for cultural and leisure institutions.
IMF issues Report on the Economy of Cyprus
Related Posts
Russia: Government proposes VAT calculation changes
The Government of the Russian Federation has submitted draft legislation to amend Article 168 of Part Two of the Tax
Read MoreEU unleashes broad trade defence campaign targeting China, Russia, and now US Biofuels
The European Union executed a significant protectionist shift this week, defined by a sustained and escalating campaign
Read MoreRussia: CBR lowers key rate used for tax interest calculations
The Central Bank of Russia (CBR) has reduced the key interest rate from 14.5% to 14.0% on 24 July 2026. The CBR’s
Read MoreRussia introduces simplified procedure for online tax notifications
The Russian Federal Tax Service has announced that a simplified procedure for delivering tax notifications through the
Read MoreRussia proposes new PIT deduction for young professionals in key sectors
A draft law has been submitted to the Russian State Duma proposing the introduction of a new individual income tax
Read MoreGermany announces suspension of double taxation treaty with Russia
Germany has notified Russia that it will suspend the agreement of 29 May 1996 between the two nations for the Avoidance
Read More