Loading...

Having bank loyalty programmes exempted from being additionally taxed

The firm’s lawyers represented one of America's largest finance corporations in a complex tax dispute that touched on various issues concerning the taxation of banking activity. The case was an important precedent for the entire banking sector. Pepeliaev Group’s lawyers managed to prove, before the Presidium of the Russian Supreme Commercial (‘Arbitration’) Court, that the fact of VIP clients receiving bonuses from banks does not generate taxable income. The decision that the Supreme Commercial Court issued in helped to protect banks’ loyalty programmes from being additionally taxed. Such disputes set important precedents for the entire banking sector.

Back to the list

21.03.2024
Pepeliaev Group’s Experts Have Achieved Exceptional Results in the 2023 Individual Rankings of Pravo.ru-300
Read more
11.03.2024
PGP Tax Consultancy is among the leaders in the Pravo.ru rating dedicated to the UAE market
Read more
22.12.2023
The business mission to China of a delegation from Pepeliaev Group’s Far East Office
Read more