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Overview of tax events for March 2015

On 8 March, the Russian President signed the federal law “On amending the second part of the Russian Tax Code”. It clarifies the rules for accounting for income (expenses) from transactions with debt instruments.

RUSSIA: An Introduction to Tax

Russia is entering 2015 on the wave of an incipient economic crisis. The outward manifestation of that crisis is taking different forms.

RUSSIA: An Introduction to Intellectual Property

Today's economic environment in Russia is highly unstable. However, rights to intellectual property assets are monopolistic in nature and, moreover, may be protected over an extended period of time. Bearing this in mind, there is continued...

Political and economic factors continue to rock the transaction boat

Transactional work varies from jurisdiction-to- jurisdiction with the ebb and flow of various economic cycles, but a prevailing theme across the EMEA region has been that more and more advisory firms are urging taxpayers to prepare for the...

You don't know where your horizon is

One of the significant events on the legal market in 2014 came when Roman Bevzenko left his post as head of the Private Law Division at the Russian Supreme Commercial Court to join Pepeliaev Group as a partner. Moving from public office into...

B2B: New Trends in Bankruptcy Proceedings in Russia

The ongoing crisis in the Russian economy has had a significant impact on the practice of applying bankruptcy law and on its development. This is amply demonstrated by the increase of around a 30% growth in bankruptcy cases in 2014. The amount...

Overview of tax events for February 2015

An amended draft law has been put before the State Duma which makes the term “controlled indebtedness” more specific when interest under debt obligations is included in expenses (the “thin capitalisation” rules).

Stephenson Harwood hosts roundtable to discuss the impact of new russian cfc rules

Last night, international law firm Stephenson Harwood LLP hosted a roundtable event focusing on how Russia is introducing fundamental changes to its tax legislation by adopting new rules on controlled foreign companies (CFCs). The new rules...

Extension (until 31 December 2015) of the term of the industry tariff agreement for companies in the oil refinery industry and in the system for supplying oil products in Russia

At the federal level in Russia, an Industry Tariff Agreement (the "Agreement") was adopted for 2012-2014 for companies in the oil refinery industry and in the system for supplying oil products in Russia. The Agreement sets additional...

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