Review “Taxation of Foreign Companies in Russia” (July 2024) The analysis of the "tax gross-up" instrument is a key material of the issue. Read about what it is and how it functions in an article by our experts. In the "Legislative Initiatives" section, you will find information on important changes in the taxation of controlled foreign companies. In the "Tax Practice" section, you can read about a crucial litigation that may create new tax risks when paying revenues to foreign organizations. Also in this issue, we begin a series of materials on cross-border settlements under sanctions. Our experts carefully analyzed one of the settlement options - the use of a payment agent, and revealed how this mechanism works and what difficulties may arise. The review was drafted together with Tax Compliance, Hopefully, it will be useful to you and your business. Read more about key taxation issues relevant to businesses in 2024 in the document.

The review is also available in Chinese.

Follow NCC news on Telegram