Tax law and tax disputes

Tax Authorities have tightened their requirements regarding the accuracy of information about the address (location) of a legal ENTITY Pepeliaev Group advises that the tax authorities have adopted a new practice for supervising compliance with the Law on the state registration of legal entities  

A legal status for cryptocurrency is happening

Pepeliaev Group advises that on 25 January 2018 the Russian Ministry of Finance published on its official website a draft law indented to regulate digital financial assets.

The Russian Constitutional Court and the Russian Federal Tax Service: Rules for holding individuals liable for companies’ tax debts

Pepeliaev Group advises of the legal position of the Russian Constitutional Court (the ‘Constitutional Court’) set out in Resolution No. 39-P dated 8 December 2017 and of letter No. SA-4-18/45@ of the Russian Federal Tax Service (the ‘Federal Tax Service’) dated 9 January 2018 containing clarifications for the regional tax authorities regarding the procedure for applying the specified position of the Constitutional Court.  

The concepts of a ‘foreign investor’ and of ‘foreign investments’ will be specified

Russian CFCS rules have been updated Pepeliaev Group advises that a law has been enacted regulating contentious issues of applying the Russian rules on controlled foreign companies (the "CFC Rules")

In St. Petersburg, a benefit for corporate property tax will be introduced in relation to movable property which was released no earlier than three years ago

Pepeliaev Group advises that the St. Petersburg Legislative Assembly, on 29 November 2017, adopted a law exempting from corporate property tax any movable property which was released no earlier than three years ago.

The Russian Supreme Court has confirmed the right to deduct VAT amounts in relation to transactions exempted from taxation

Pepeliaev Group advises that the Russian Supreme Court has confirmed the right of taxpayers to deduct VAT amounts charged by contractors when work on cultural heritage sites is performed.

The federal benefit for movable property will be abolished The institution of an investment tax deduction will be introduced into the Russian Tax Code

Pepeliaev Group advises that the Russian Government has submitted to the State Duma a draft law providing for an investment deduction to be established with respect to profit tax and for significant amendments to the application of the federal benefit relating to movable property starting from 2018.

The Russian Supreme Court has formulated its position regarding the application of a reduced profit tax rate by residents of Special Economic Zones Pepeliaev Group advises that the Russian Supreme Court has asserted the right of residents of Special Economic Zones to apply a reduced profit tax rate to foreign exchange gains.

Changes in tax benefits. Benefits for production modernisation

Pepeliaev Group advises that the Russian Government has submitted to the State Duma a draft law providing for an investment deduction to be established with respect to profit tax and for the federal benefit relating to movable property to remain in effect for 2018.

Draft law specifying the Russian CFC rules

Pepeliaev Group advises that a draft law has been prepared on contentious issues of applying the Russian rules on controlled foreign companies (CFCs)

The Law To Counteract Tax Schemes Pepeliaev Group advises of the upcoming entry into force of Federal Law No. 163-FZ dated 18 July 2017, which introduces into the Russian Tax Code article 54.1 “Limits for exercising the rights to assess the tax base and/or an amount of tax, levy, or insurance contributions”. This article sets out general regulations for counteracting tax fraud and tax abuses.