Changes in transfer pricing control

The Tax Code of the Russian Federation has been amended to tighten control over transfer prices from 2024. We describe the most significant changes for companies conducting transactions with non-residents.Read more

by Konsu Administrator

The amendment regarding the limitation on attributing to CIT deductions expenses from related parties became effective retrospectively from January 1, 2023

Subparagraph 23 of Article 264 of the Tax Code has been amended to clarify that this limitation applies only to those persons who are registered in states with preferential taxation.
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by Konsu Administrator

Transfer pricing: the impact of expanding the list of offshore jurisdictions on the obligations of taxpayers conducting transactions with residents of offshore zones

On July 1, 2023, the Order of the Ministry of Finance of Russia No. 86n of June 5, 2023, "On the Approval of the List of States and Territories Granting Preferential Tax Treatment and/or Not Requiring Disclosure and Provision of Information in Financial Transactions (Offshore Zones)" came into effect. The list now includes 91 offshore zones, including EU countries, the USA, Japan, Canada, Australia, and others.Read more

by Konsu Administrator

The ministry finance has updated the tax haven blacklist en kons

The Ministry of Finance has updated the tax haven blacklist

The update was published on June 15, 2023 and comes into force on July 1, 2023. The new version of the blacklist is composed of 91 states (40 before the update) most notably including USA, United Kingdom, Japan, France, Germany, Finland, etc.
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by Konsu Administrator

Transfer pricing in simple terms

Have you ever done an internet search for “transfer pricing”? It is a rather dry and complicated subject, isn’t it? Let’s talk about transfer pricing in simple terms.Read more

by Konsu