Russia- Financial Services

The Finnish government had decided to suspend its income tax treaty with Russia, effective 1 July 2026, following Russia's partial withdrawal from the agreement in August 2023. The announcement was made in a press release issued on 12 March

Russia has reminded organisations that the deadline to submit notifications on controlled foreign companies (CFCs) for 2025 expires on 20 March 2026. This announcement was made on 4 March 2026. A CFC notification must be filed regardless of

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