On the Administrative Penalties for Violations Related to Corporate Tax PGP Tax Consultancy advises that the Prime Minister of the UAE Mohammed bin Rashid Al Maktoum has issued Cabinet Decision No. 75 of 2023 on the Administrative Penalties for Violations Related to the Application of Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses. This Decision came into effect on 1 August 2023.

The digital rouble is being introduced in Russia On 1 August 2023, Federal Laws No. 339-FZ and No. 340-FZ came into force, which determine the legal grounds for the digital rouble to be used in settlements as a new form of Russian national currency.

A draft law has been put before the State Duma on the protection of the rights of users of paid digital subscriptions On 19 July 2023, a group of deputies put before the State Duma draft law No. 405607-8 introducing new requirements for sellers (service providers) ensuring that a consumer obtains a certain service on the Internet on a regular basis or has regular access to goods (services) on an Internet website (the “owner of an online service”) based on a subscriber agreement.

Digital Public Consultation related to UAE Corporate Tax in Free Zones The Ministry of Finance is launching a Digital Public Consultation for Free Zone Companies. Responses should be submitted through the form by no later than 2 August 2023.

The Law on Garage Associations and other legislative amendments The Federal Law has been adopted, which continues the reform of the legal regulation of common ownership with regard to garage associations and specifies rules for their management.

The Constitutional Court has restricted the Russian Federal Tax Service’s right to audit controlled transactions By Resolution No. 41-P dated 14 July 2023 which was adopted further to an appeal of VimpelCom PJSC, the Russian Constitutional Court held that provisions of the Russian Tax Code are inconsistent with the Constitution which relate to the calculation of the period for a controlled transaction to be audited where an updated notification has been submitted but where information regarding the transaction has already been included in the original notification.

A law has been adopted allowing foreign clients to be identified by foreign financial institutions

On 21 July 2023 Federal Law No. 308-FZ dated 10 July 2023 will come into effect. It provides for the possibility of identification, for the benefit of Russian financial institutions, to be conducted by foreign financial institutions in relation to foreign persons to whom they provide services.

Changes in town-planning legislation

Amendments have been adopted to town-planning legislation which, among other things, enable the Russian Government to approve the procedure for adopting draft site design documentation and simplify the extension of a construction permit.

The Fifth Package of Amendments to Antitrust Legislation has been signed

On 10 July 2023, the Russian President signed Federal Law No. 301-FZ “On amending the Federal Law “On Protecting Competition”, which is a part of the ‘fifth package of antitrust amendments’.

From 1 September 2023, the labelling of pharmaceutical products will become mandatory

From 1 September 2023, it will be mandatory to label with means of identification biologically active supplements, skin sanitisers, individual types of medical products, and other goods.

The Russian Constitutional Court has acknowledged the right of insurers to participate in disputes regarding court-appointed administrators to be held liable

The Russian Constitutional Court has adopted Resolution No. 30-P dated 5 June 2023. The Constitutional Court has checked whether article 35(2) of the Bankruptcy Law complies with the Constitution to the extent of how in legal practice the right was not recognised of an insurance company to participate in a dispute regarding the acts or omissions of a court-appointed administrator where no claim for losses to be recovered from the administrator has been asserted.

Clarifications of the Russian Supreme Court with respect to provisional remedies

The Plenum of the Russian Supreme Court has adopted Resolution No. 15 dated 1 June 2023 dedicated to provisional remedies. At the same time, resolution No. 55 of the Plenum of the Supreme Commercial Court dated 12 October 2006 “On how commercial courts apply provisional remedies” has been repealed.