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The Russian President has signed Federal Law No. 436-FZ dated 28 December 2017, which specifies the procedure for the taxation of controlled foreign companies. Moreover, property tax debt of individuals in place as at 1 January 2015 will be written off.
The Russian Government has added smartwatches to the list of items falling under 1% levy paid by electronic goods importers.
The Convention has been signed between the Government of the Russian Federation and the Government of Japan on the elimination of double taxation and the prevention of fiscal evasion.
The Russian President has signed Federal Law No. 274-FZ dated 29 July 2017 on amending the law on appraisal activities. Municipal authorities are entitled to challenge the cadastral value that has been set for a privately owned land plot if, upon the owner’s application, the cadastral value was significantly reduced based on establishing the market value. This may affect the lawful interests of the municipality relating to the tax income received by the budget.
The State Duma has passed in the first reading the Government’s draft law on empowering the tax authorities to demand from the audit firms the documents they have received from taxpayers.