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Russia has approved a Draft Protocol to amend the Convention between the governments of Russia and Sweden on the avoidance of double taxation with respect to taxes on income.
Pepeliaev Group advises that, starting from 1 June 2018, the Law on Financial Transactions[ has come into force, which considerably has expanded the opportunities of using the escrow mechanism.
Pepeliaev Group advises that, on 22 March 2018, the Legislative Assembly of the Republic of Karelia adopted a law introducing an investment deduction for profit tax.
Pepeliaev Group advises that on 18 March 2018 a Federal Law (“Law No. 44”) came into effect allowing more options to employers for making payroll payments in foreign currency.
