The Finance Ministry has released Letter No. 03-00-08/2/29954 that describes the tax treatment applicable to interest paid by a Russian resident individual to a foreign company on the basis of loan agreement. In accordance with article 246 of tax code, foreign companies operating in Russia via permanent establishments or deriving taxable income from Russian sources are subject to Corporate Income Tax (CIT) in Russia.
Related Posts
Russia: VAT return for first quarter must be filed using revised form
April 24, 2026
The Russian Federal Tax Service has reminded taxpayers, on 17 April 2026, that the VAT return for the first quarter of 2026 must be submitted using the updated form, with the deadline for submission set for 27 April 2026. The relevant order of
Read More
Russia, China sign tax cooperation memorandumÂ
April 24, 2026
Russia's Federal Tax Service announced on 21 April 2026 that Russia and China have formalised their collaboration through a Memorandum of Understanding signed by Daniil Egorov, Head of Russia's Federal Tax Service, and Hu Jinglin, Head of China's
Read More
Finland: Government approves suspension of law enforcing Russia tax treaty
April 21, 2026
Finland’s government approved a proposal to suspend the domestic implementing act of the Finland–Russia Income Tax Treaty (1996), as amended on 16 April 2026. The proposal has been submitted to parliament for consideration. Finland has
Read MoreRussia urges individuals to submit CFC notifications before April deadline
April 08, 2026
The Russian Federal Tax Service has issued a reminder that individuals are required to submit the annual notification on controlled foreign companies (CFCs) for the 2025 tax year by 30 April 2026. This obligation applies regardless of the financial
Read More
Russia: MoF confirms Finland’s suspension of tax treaty
April 02, 2026
The Russian Ministry of Finance (MoF) announced on 26 March 2026, citing Note No. VN/1187/2026-UM-10, issued by the Embassy of Finland in Moscow on 13 March 2026, states that the Government of Finland will fully suspend the Agreement between the
Read MoreRussia updates reporting rules for foreign accounts, electronic payments
April 02, 2026
Russia’s government Resolution No. 305, published in the Official Gazette on 24 March 2026, introduces amendments to reporting requirements for resident legal entities regarding foreign accounts and electronic payment instruments (EPI). The decree
Read More