Alerts
On 5 January 2024 amendments came into force to the Russian Commercial Procedure Code concerning the timeframes and procedure for commercial legal proceedings.
New amendments to Federal Law No. 127-FZ “On measures impacting (counteracting) hostile actions of the United States of America and other foreign states” dated 4 June 2018 have come into force.
The Russian Supreme Court has solved the issue of a royalty coefficient when mineral extraction tax is assessed on concentrates which contain gold and other precious metals.The Court’s decision allows for excessive tax payments to be avoided and is relevant for all payers of mineral extraction tax.
On 5 December 2023, the State Duma passed Draft Law No. 353266-8 “On amending the Russian Code of Administrative Offences”. The Law provides that fines will be increased for processing personal data without the subject's written consent in cases when such consent must be obtained.
The earlier published Cabinet Decision No. 55 of 2023 and Ministerial Decision No. 139 of 2023 concerning the Corporate Tax regime for Free Zone Persons have been repealed and replaced
The amendments will come into effect on 1 January 2024.
The key provisions of the overview of court practice been prepared by the Russian Supreme Court relating to cases over the protection of consumers’ rights that apply to the sale of goods via the Internet.
On 18 October 2023 the draft law “On amending the Federal Law “On protecting competition" was published for public discussion on the federal portal of drafts of legal and regulatory instruments.