Russia approves bilateral exchange agreements for CbC reports
The Government of the Russian Federation has published Decree No. 184 of 21 February 2018, which amends Decree No. 805 of 14 August 2014 on the conclusion of agreements for the exchange of information in tax matters. The changes include the
See MoreRussia clarifies the deduction of losses incurred by consolidated group
On 9 March 2018, the Ministry of Finance (MoF) clarified the deduction of losses incurred by consolidated group members. Accordingly, the MoF stated that, under article 278.1(1) of the Tax Code (TC), the tax base of a consolidated group of taxpayers
See MoreRussia: MOF clarifies the application of the 0% rate to dividends
In March 2018, the Ministry of Finance (MoF) clarified the application of the 0% (CIT) rate to dividends received by a company in reorganization. According to article 284(3.1) of the Tax Code, a tax rate of 0% is applied to dividends received by a
See MoreRussia: MoF clarification on application of thin capitalization rules in the context of tax treaties
Recently, the Ministry of Finance (MoF) issued a Guidance Letter (No. 03-03-06/1/87340) and clarified the application of domestic thin capitalization rules in the context of tax treaties. According to a statement by the MoF, interest paid by a
See MoreRussia publishes clarification regarding the simplified tax system
On 20 November 2017 the Federal Tax Service (FTS) published a clarification regarding the procedure for switching legal entities to a simplified tax system from 2018 onwards. As from 2018, in order to switch to the simplified tax regime, legal
See MoreRussia: FTS publishes CbC reporting formats for public consultation
The Federal Tax Service (FTS) publishes country-specific reporting (CbC) formats and a report on participation in multinational enterprise groups on its official website. The new forms comply with BEPS Action 13 requirements for CbC and transfer
See MoreRussia: Approves profit-based oil tax regime
On 23 November 2017, the Government approved a plan to introduce a profit-based tax on the oil industry, expected to come into force on January 1, 2019, later than previously thought. Currently, the tax regime for the oil industry stipulates that
See MoreRussia publishes final law on automatic exchange of tax information and documentation requirements
Recently, the Federal Law No. 340-FZ of 27 November 2017, amending the Tax Code in relation to the implementation of the international automatic exchange of financial accounting information and transfer pricing (TP) documentation of multinational
See MoreRussia approved draft law on automatic international exchange of tax information and documentation requirements
The Russian State Duma adopted in the final reading the draft law implementing international automatic exchange of financial accounting information and transfer pricing (TP) documentation of multinational Groups of Companies on 16 November 2017.
See MoreIsrael: Social Security Agreement with Russia enters into force
The Social Security Agreement between Israel and Russia will enter into force on October 1, 2017. This will be applicable from its entry into force date. It was signed on June 7,
See MoreJapan: DTA with Russia signed
The Japanese Ministry of Finance on 7 September 2017 issued a press release announcing that the Government of Japan and the Government of the Russian Federation have signed a Double Taxation Agreement (DTA). The agreement provides for the avoidance
See MoreRussia: Guidance on application of new GAAR
The Federal Tax Service (FTS) on 16 August 2017, issued a Guidance Letter on the application of Russia's new general anti-avoidance rule (GAAR), which was introduced in July 2017. The guidance clarifies that in applying the GAAR the tax authorities
See MoreRussia publishes Notice on increased late payment penalty
Recently, the Russian Federal Tax Service (FTS) issued a Notice on the increased late payment penalty from 1 October 2017. The procedure for calculating the penalty for each calendar day of delay in the fulfillment of the obligation to pay tax or
See MoreRussia: New GAAR provisions in the Tax Code
The Russian parliament on 5 July 2017 approved a draft law (no. 529775-6) introducing a new general anti-avoidance rule (GAAR) into the Tax Code. The new law introduces a new Article 54.1 containing a definition of the limitations on the rights
See MoreRussia submits draft law on automatic international exchange of tax information including documentation requirements
The Russian Government on 20 July 2017, submitted the draft bill (Bill No. 231414-7) on the automatic international exchange of tax information to the Russian State Duma. The draft bill proposes amendments to the Tax Code, which are necessary for
See MoreRussia: Proposes a tax incentive for business investments
The Russian government on 19 April 2017, proposed a tax incentive for business investments. Under the proposal, the corporate tax rate would reduce from 20% to 5%. The aim of the incentive is to promote the innovation and modernization of domestic
See MoreRussia: Government approves signing of MLI to implement tax treaty related BEPS measures
The Russian government on 20 May 2017, approved the signing of the Multilateral Instrument (MLI) to implement into bilateral tax treaties the tax treaty-related measures arising from the OECD / G20 BEPS Project to tackle base erosion and profit
See MoreRussia: Publishes the draft law on CbC reporting requirements for multinationals corporate groups
The Russian government on 6 March 2017, published an amended draft law providing for new provisions on the international automatic exchange of financial accounting information for the Russian fiscal regulation and for setting new standards for the
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