Pepeliaev Group advises that the draft law proposing minor adjustments to parts one and two of the Tax Code has been presented for public hearings.

The Russian Federal Tax Service (the “Federal Tax Service”) has published Letters No. VD-4-17/7012@ dated 24 April 2020 and No. VD-4-17/8044@ dated 15 May 2020, which contain clarifications of issues relating to currency control in the conditions of the measures taken to prevent the spread of the coronavirus infection, including the timeframes for entities and individual entrepreneurs to submit reports concerning the movement of funds on foreign accounts. 

Pepeliaev Group advises that the Russian Ministry of Finance has issued explanations in which the regulatory body referred to the purpose of amendments being introduced into the Double Tax Treaties (“DTTs”) regarding the taxation of dividend and interest income.

The Russian Government has approved the list of medical items for diagnosing (treating) the new coronavirus infection on which expenses are deductible for corporate profit tax purposes.

The Russian Government has adopted an instruction on the introduction of additional rules for tenants of state real estate. 

Pepeliaev Group advises that the deadlines for submitting reports under the EU directive DAC6 are planned to be shifted.