Order No. 86n of the Russian Ministry of Finance dated 5 June 2023 has been published. It significantly expands the List of states and territories providing a preferential tax regime and/or not providing for disclosure and the provision of information during financial transactions (offshore zones).

The long-awaited Cabinet and Ministerial Decisions on how Free Zone Residents will be subject to Corporate Tax were recently published.

Cabinet Decision No 55 of 2023 determines Qualifying Income for the Qualifying Free Zone Person for the purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses. Ministerial Decision No. 139 of 2023 disclosures Qualifying Activities and Excluded Activities.

We prepared a newsletter on how Free Zone Residents will be subject to Corporate Tax.

On 10 May 2023, the Russian President signed Decree No. 333 calling up Russian nationals in reserve for military training in 2023.

On 4 May 2023 Draft Law No. 353266-8 “On amending the Russian Code of Administrative Offences” was submitted to the State Duma. The Draft Law provides for a significant increase of fines for the processing of personal data without the data subject’s written consent in cases when such consent must be obtained under the law, as well as fines for the processing of biometric personal data in violation of statutory requirements.

Draft law No. 337373-8 (the “Draft Law”) was submitted to the State Duma on 14 April 2023. It has been stipulated that measures of administrative liability will be introduced for companies if they do not comply with certain requirements relating to keeping records of Internet advertising.

A draft law has been put before the State Duma to clarify the forms and types of investment for international holding companies when they apply tax benefits in special administrative regions.

On 25 April 2023 a draft law was submitted to the State Duma which provides for significant amendments to Federal Law No. 89-FZ “On production and consumption waste” dated 24 June 1998 with regard to the extended responsibility of producers.

25 April 2023 the Russian President signed the Decree “On the temporary management of certain property”.

In its Resolution dated 19 April 2023, the Russian Constitutional Court held that income in article 178 “Restriction of competition” of the Russian Criminal Code is understood mean a contract price without it being reduced by any costs.

14 April 2023 saw the enactment of what is referred to as the law on electronic call-up notices, which amended certain federal laws and primarily the law on military duty and military service.

On 30 March 2023 the Russian Constitutional Court issued a Resolution that acknowledges that article 11(8) of the Law on Protecting Competition complies with the Russian Constitution, and terminated the proceedings in the case with respect to article 17(1)(1) of the Law on Protecting Competition, since this provision cannot be treated as violating the Claimants’ constitutional rights.