On 29 September 2019, the Russian Government signed a Law no. 325-FZ (Amendments to the Tax Code of the Russian Federation) and published in the Official Gazette. The main amendments relating to corporate income tax are as follows:

  • Limitation period of three years for claiming a refund of overpaid corporate income tax;
  • Changes in procedures for the depreciation of assets, including the fact that the depreciation method may not be changed more than once every 5 years;
  • Mandatory electronic tax filing for companies with ten or more employees; and
  • Extension of the current 50% carried forward loss offset limit until 31 December 2021.

The changes will generally take effect on 1 January 2020.