Analytics and brochures

On the website of the federal portal of draft regulatory legal acts, a draft resolution of the Russian government has been published proposing that the period for accepting applications be extended up to 15 September 2020. The extension is explained by the fact that only 50 % of the budgetary funds allocated in an amount of RUB 20 billion have been disbursed.

Pepeliaev Group advises that, on 31 July 2020 a federal law came into force establishing in particular the specifics of the construction of priority transport infrastructure facilities until 31 December 2024 (the “Law”).

Pepeliaev Group advises that the amendments made to the Russian Civil Code and to the Law on LLCs to specify the procedure for LLC members to withdraw from an LLC took effect on 11 August 2020.

Pepeliaev Group advises that on 6 August 2020 the Russian Federal Tax Service published on its official website the clarifications of individual issues relating to the taxation of intra-group services.

Pepeliaev Group advises that, the State Duma has adopted the law which implements a tax manoeuvre in the IT industry.

Pepeliaev Group advises that on 11 August 2020 amendments to the Federal Law “On currency regulation and currency control” will come into effect. The amendments extend possibilities to utilise foreign accounts of foreign branches and representative offices of Russian entities. They also introduce the obligation to submit statements on the flows of financial assets in foreign accounts, and provide various other clarifications.