Legal overviews
Restriction on dividend payments
- Service: Tax Law
- Date: 05.05.2022
On May 04, 2022, Presidential Decree No.254 was published, under which Presidential Decree No.95 starts to apply to dividend payments from limited liability companies, partnerships and cooperatives to residents of non-friendly states and entities they control (unless they are registered in Russia).
Foreign currency restrictions 2.0
- Service: Tax Law
- Date: 25.03.2022
Today, when legislative requirements are changing every day and new foreign currency restrictions are replacing “old” new restrictions introduced only a week ago, it is crucial to plan your activities very carefully with the current requirements in mind and to analyze not only current, but also potential risks, while fighting the headwinds to the extent possible
Foreign currency restrictions: first results
- Service: Tax Law
- Date: 10.03.2022
In early March, numerous legislative changes, restrictions and bans were introduced. However, it can be said without exaggeration that sanctions and anti-sanctions in the area of foreign currency regulation raised the greatest number of concerns.
IT maneuver – Russian Ministry of Digital Development, Communications and Mass Media talks main points
- Service: Tax Law
- Date: 10.02.2022
Finally, on January 27, 2022, the Russian Ministry of Digital Development published Letter No.P11-2-05-200-3571 with explanations and examples defining the meaning of “adaptation” and “modification.”
“Houston, we have a problem” – time for IT companies to land in Russia
- Service: Tax Law
- Date: 25.11.2021
Earlier, we wrote about the new law “on landing” foreign IT companies, under which some of them must open a representative office, branch or separate legal entity in Russia starting January 1, 2022. Based on this law, on November 22, Roskomnadzor published a list of such companies, which currently includes Google, Apple, Meta Platforms (aka Facebook), Twitter, TikTok, Telegram, Zoom, Likeme, Viber, Discord, Pinterest, Spotify and Twitch.
Global taxes require global solutions
- Service: Tax Law
- Date: 08.11.2021
In our recent article, we discussed the trends and prospects of taxation in respect to international IT companies, including the introduction of a minimum tax rate (global tax) as set by G20 member states.
Shifting to a digital reality without avoiding taxes
- Service: Tax Law
- Date: 03.11.2021
It’s no secret that COVID-19 times have forced us to quickly adapt to an online reality. As a result, services of IT companies have become deeply rooted in our life and have turned into not only its integral, but often a vital attribute.
Now Switzerland – new season spoiler on amendments to DTT
- Service: Tax Law
- Date: 14.09.2021
A short while ago, the Russian Ministry of Finance sent a notice proposing to amend a Double Tax Treaty to one more state – Switzerland.
There goes another. Now the Netherlands
- Service: Tax Law
- Date: 22.04.2021
More formally speaking, on Monday, the Russian authorities reaffirmed their intention to terminate the Agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on property with the Netherlands.
Taxation of individuals in 2021
- Service: Tax Law
- Date: 04.02.2021
2020 brought many events and, as usual, changes in tax laws were among them.Senior Assosiate of the Tax practice Ekaterina Smolovaya goes over the most important changes that have an impact on the taxation of individuals, and identify the main points that should be considered when planning your future activities.