Analytics and brochures
The Russian Supreme Court has solved the issue of a royalty coefficient when mineral extraction tax is assessed on concentrates which contain gold and other precious metals.The Court’s decision allows for excessive tax payments to be avoided and is relevant for all payers of mineral extraction tax.
On 5 December 2023, the State Duma passed Draft Law No. 353266-8 “On amending the Russian Code of Administrative Offences”. The Law provides that fines will be increased for processing personal data without the subject's written consent in cases when such consent must be obtained.
The earlier published Cabinet Decision No. 55 of 2023 and Ministerial Decision No. 139 of 2023 concerning the Corporate Tax regime for Free Zone Persons have been repealed and replaced