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The Russian Government has submitted to the State Duma draft law No. 448566-8 concerning the return of a number of tax benefits to business which were in effect before certain provisions were suspended of double taxation treaties with a number of countries.

The Russian President has signed a law regarding the one-off 10% tax on the excess profit of big business.

The Russian President has signed a Federal Law introducing large-scale amendments to the Tax Code.

Russia and Oman have signed a convention for the avoidance of double taxation with respect to taxes on income between the countries.

A charge is being introduced in the event of transactions with securities acquired from non-residents.

The Russian President has signed the law on the inclusion of full payment of arrears, default interest and fines in the list of grounds for a refusal to initiate criminal proceedings/to terminate such proceedings under articles 198-199.1 of the Russian Criminal Code.