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Overview of Tax events for May 2019

The Russian Ministry of Economic Development has suggested the concept of adigital special economic zone for the IT sector featuring many benefits, including tax benefits.

The third stage of the "Offshore amnestey": the requirements for redomiciliation of foreign companies to Russia

Pepeliaev Group advises that the State Duma has adopted a set of laws extending until 29 February 2020 the period of the voluntary reporting of individual types of activity and accounts in foreign banks.

The Multilateral Tax Convention has been ratified

Pepeliaev Group advises that the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“MLI”) has been ratified.

Criteria have been approved that, when met, allow funds of the participants in shared-equity construction to be raised without escrow accounts being used

Law firm Pepeliaev Group advises that on 1 May 2019, the Russian Government’s Resolution No. 480 dated 22 April 2019 comes into effect. Resolution No. 480 establishes criteria which, when met, allow a developer to raise funds from the parti...

Overview of Tax Events for April 2019

An agreement on the labelling of products in the Eurasian Economic Union (the “EAEU”) has come into force. This agreement was signed a year ago by the heads of governments of the member states. The document grants the right to each member state...

The third stage of the “Offshore amnesty” will require that foreign companies be redomiciled to Russia and funds be repatriated from foreign accounts

The Russian Government has put before the State Duma draft laws prolonging the period when persons can voluntarily report certain types of assets, as well as accounts in foreign banks (the so-called “offshore amnesty”) until 29 February 202...

Mediation in experience and vision of the Russian Pacific

Today in most countries, Russia is perceived as a country with a lagging legal and economic system in which all disputes and disagreements are resolved by force and power. However, this is just a stereotype that has nothing to do with reality....

A law has been adopted that prohibits the provision of hotel services in residential premises of apartment buildings from 1 October 2019

On 1 October 2019 the amendments to the Russian Housing Code will come into force. These amendments have been made pursuant to Federal Law No. 59-FZ dated 15 April 2019 , which prohibits the use of residential premises in an apartment build...

Rules for developing technological standards are approved

Pepeliaev Group advises that on 15 April 2019 the Rules for developing technological standards relating to emissions/discharges of pollutants take effect. They are approved by the Russian Government's Resolution No. 89 dated 14 February 2019....

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