Analytics and brochures
Pepeliaev Group advises that the Russian Government’s Resolution dated 28 March 2022 imposes a moratorium on bankruptcy.
The purpose of the moratorium is to support citizens, individual entrepreneurs and companies which have found themselves in a difficult financial position after sanctions were imposed on Russia.
Pepeliaev Group advises that, according to the position of the Russian Federal Tax Service, the reorganisation of a legal entity as a result of which a standalone IT company is created cannot be considered by tax authorities to be a distortion of facts of economic life and qualify as the application of a tax evasion scheme.
*According to a Court’s ruling, Meta Platforms Inc. has been
recognised as an extremist organisation and prohibited from doing business in
Russia.
Pepeliaev Group advises
that the Russian Government has extended by a month, until 28 April, the
deadline for profit tax to be paid in advance. It was due to expire on 28
March.
The regulation of the activities of the SAR
residents have been amended. A new law has been published that extends the
list of tax benefits for international holding companies (“IHCs”) (Federal Law
No. 66-FZ dated 26 March 2022). In addition, on 25 March 2022, Federal Law No.
18-FZ dated 25 February 2022 comes into force, which introduces additional
requirements to apply tax benefits and provides for the possibility of
obtaining the status of an ICH for Russian companies as well. We have
considered the amendments proposed by these laws in aggregate and as completely
interdependent.
Pepeliaev Group advises
that, on 22 March 2022, the State Duma (the lower house of Russia’s parliament)
passed the law containing a package of tax measures to support business.