Russia: Proposes a tax incentive for business investments

The Government of the Russian Federation has submitted draft legislation to amend Article 168 of Part Two of the Tax Code of the Russian Federation, seeking to address how VAT should be treated under existing contracts when tax legislation

The European Union executed a significant protectionist shift this week, defined by a sustained and escalating campaign of trade defence actions. The week began with sweeping new controls on Russian industrial materials taking effect and was

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 key interest rate is applied in calculating interest deductions and the interest on late payment of overdue taxes. This

The Russian Federal Tax Service has announced that a simplified procedure for delivering tax notifications through the Unified Public Services Portal (UPSP) will take effect from 1 August 2026, under amendments introduced by Federal Law No. 425-FZ

A draft law has been submitted to the Russian State Duma proposing the introduction of a new individual income tax deduction for young professionals working in certain fields. The proposal is set out in Draft Law No. 1292383-8, submitted on 17 July

Germany has notified Russia that it will suspend the agreement of 29 May 1996 between the two nations for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital, effective from 1 January 2027. The notification was