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Pepeliaev Group advises that the Russian Federal Tax Service has published its recommendations for drafting and filing documents for the purposes of tax control over transfer pricing in relation to related-party transactions. 

Pepeliaev Group reports that the Presidium of the Supreme Russian Arbitration Court has published its Resolution No. 2676/12, dated 21 June 2012, which permits all taxpayers, irrespective of their economic activities, not to account separately for input VAT if the share of non-VATable operations completed before October 2011 is insignificant (para. 9, article 170(4) of the Russian Tax Code of Russia).

Pepeliaev Group advises that on 12 July 2012 a Resolution of the Plenum of the Russian Supreme Arbitration Court (the “SAC”) was published. It clarifies how provisions concerning a guarantee should be applied when cases are considered by courts, as well as when bankruptcy cases are considered.

Law firm Pepeliaev Group reports that the Federal Tax Service of the Russian Federation has approved the documents which taxpayers will need in order to submit notifications of transactions that are subject to special control under the transfer pricing laws.

Pepeliaev Group advises that the Leningrad Region legislation regarding tax benefits for investors is to undergo significant amendment.