Analytics and brochures

Yesterday the Russian Ministry of Finance published on the government’s portal information that the development and discussion has started with regard to a draft law to denounce the Convention between Russian Government and Government of Malta for the avoidance of double taxation from 1 January 2021. 

On 23 June the President addressed the public regarding new initiatives to amend tax legislation. Please find below the specified initiatives with our comments.

We continue to monitor the news concerning the adoption of benefits in Russian regions with respect to property taxes for owners of real estate who are landlords. For the period starting from 5 June, our list has grown by six more regions.

The Government has developed amendments to the Tax Code relating to the application of the patent taxation system (the “PTS”) and has submitted them to the State Duma. 

Russian lawmakers continue to adopt regulations aimed at clearly defining the circle of not-for-profit and religious organisations to which property can be transferred for no fee and when relevant costs can be deducted for profit tax purposes.

Pepeliaev Group advises that three additional measures of state support have been introduced in the sphere of leasehold relationships in the context of the spread of the coronavirus.