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Overview of tax events for August 2015

01.09.2015
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The main trends in the tax policy for 2016-2018 have been approved. The crucial point for business is that taxes are frozen for the next three years.

A toll for heavy trucks (RUB 3.06 per km) has been agreed with the Ministry of Transport and the Ministry of Economic Development. The toll for using federal roads will be charged on trucks weighing more than 12 tons, starting from 15 November.

The Russian Ministry of Finance is drafting a double tax treaty with Hong Kong, which is deemed to be an offshore jurisdiction. “The most important thing is to establish a tax on interest at zero rate, thus making leveraged financing cheaper”, says an official from the Ministry of Finance.

The Russian Ministry of Finance has proceeded with developing the procedure for multilateral pricing agreements to be concluded, involving an executive authority of a foreign state. 
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