Overview of tax events for February 2015

Download PDF An amended draft law has been put before the State Duma which makes the term “controlled indebtedness” more specific when interest under debt obligations is included in expenses (the “thin capitalisation” rules).

The Committee for Budget and Taxes proposes to suspend in 2015-2016 tax regulation of the prices for internal transactions to give the tax authorities an opportunity to concentrate on prices in foreign trade transactions because these are used for the illicit capital outflow from Russia.