Tax law and tax disputes
Alerts
On 3 April 2020, the OECD Secretariat published recommendations concerning the procedure for applying international double tax treaties in the context of restrictions imposed by governments and aimed at preventing the spread of the COVID-19 infection.
Pepeliaev Group advises that the Russian Government has adopted its Resolution No. 419 dated 2 April 2020 “On the implementation of Decision No. 21 of the Board of the Eurasian Economic Commission dated 16 March 2020 and on amending the List of medical goods whose sale within the Russian Federation and import into the Russian Federation and other territories falling under its jurisdiction are not subject to (are exempt from the application of) VAT”.
Pepeliaev Group advises that the Russian Ministry of Economic Development is developing a draft law to expand benefits for residents of Special Administrative Regions (SARs).
Pepeliaev Group advises that the Russian Ministry of Finance has sent, via diplomatic channels, notification letters to the competent authorities of Malta and Luxembourg requesting that the respective Double Taxation Treaties (“DTTs”) be amended.
Pepeliaev Group advises of the publication of the Bank of Russia's Instruction No. 5371-U dated 24 December 2019 "On cases of funds being credited to accounts (deposits) of residents opened in financial market institutions located outside the Russian Federation, and funds being debited from such accounts (deposits)".
Pepeliaev Group advises that the tax return campaign for individuals has been extended for 3 months.
Pepeliaev Group advises that the Russian President has signed Federal Law No. 73-FZ dated 1 April 2020 to amend the Russian Criminal Code concerning liability for tax and currency crimes.
Pepeliaev Group advises that, on 31 March 2020, the Russian State Duma adopted a Federal Law which lays down the first legislative tax measures aimed at supporting the economy against the backdrop of the coronavirus pandemic.