Tax Overview for February 2023
Regulatory Developments
The double tax treaty (DTT) between the governments of Russia and Latvia has been denounced.
The Russian Ministry of Finance has submitted proposals to Turkey and the UAE to commence negotiations to amend the DTTs.
The European Union has transferred Russia from the grey list to the black list of “tax harbours”.
On 21 February the Russian President addressed a Message to the Federation Council. In particular, the following proposals were made:
-
that the Russian Government should prepare additional measures regarding the deoffshorisation of the economy;
-
to grant tax incentives to the buyers of domestic IT solutions;
-
to revise certain provisions of the Russian Criminal Code regarding the economic elements of crimes.
The Government Commission for Legislative Drafting has approved amendments to the Russian Criminal Code (draft law No. 301951-8) that are aimed at easing liability for tax crimes.
Practice
The Ministry for Economic Development has launched a portal with measures of support for investment projects.
In the period between 3 April 2023 and 1 November 2024 there are plans to conduct an experiment to implement tax monitoring.
The Russian Federal Tax Service has decided not to enforce a negative balance on the unified tax account until the completion of individual reconciliation.