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Taxes
08.10.2024
Review “Taxation of Foreign Companies in Russia” (September 2024)
The third issue of the review addresses the state and prospects of state support for the IT industry, key legislative changes from 2025, as well as trends in crypto-currency settlements. We consider new regulations in force from November 1, 2024, to optimize transactions under sanctions. We also analyze the case of the Federal Tax Service against IKEA, which raises issues of anti-sanction restrictions and problems of foreign business in Russia, including the tax burden and difficulties with transfers. The review covers options for direct investment through special economic zones (SEZ), including benefits and procedures for obtaining SEZ resident status. 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.
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Taxes
01.08.2024
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.