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According to the intergovernmental agreement between Russia and Turkey, signed on 10 October, the two countries will exempt the Turkish Stream pipeline from major taxes.

The tax regime will remain unchanged until 2019, the Russian President has said.  The oil and gas sector will be an exception.

The Russian Government has submitted to the State Duma a draft law to exempt organisations from paying property tax with respect to vehicles manufactured after 1 January 2013.  

The Russian Federal Tax Service organises meetings with representatives of internet industry and of major auditor and law firms, during which the new Law is discussed. A test version is provided of an electronic service for the registration of foreign internet companies.

The Russian Government has distributed powers between ministries and state agencies with regard to apostilles on Russian documents that need to be taken out of Russia. Tax and other documents relating to business are apostilled by the Russian Ministry of Justice.  

The Russian Ministry of Finance will draft the necessary amendments to the legislation establishing banks’ and other financial organisations’ obligations to transfer to the Russian Federal Tax Service data regarding accounts and client operations for such information to be provided to the tax authorities of other countries.