On 7 June 2019, the Russian parliament passed Law No. 125-FZ in the Official Gazette. The Act amends Article 105.16.3 of the Tax Code on the submission of country-by-country (CbC) reports by multinationals (MNE).
The amendments extend the list of persons who have previously given their consent to public bodies that exercise the powers of the landowner towards the members of the multinational group of companies listed in the list of strategic companies and strategic stock companies.
The law will apply on the day of its official publication and will apply to the submission of country-specific reports for financial years from 2017.
