Recognition and taxation of controlled foreign companies
This article is about the status of controlled foreign company, methods of CFC recognition, notices and calculation of CFC profit and how it is accounted for in Russian tax residents’ income.
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Federal Tax Service explanations of control over expenses for intragroup services
Russian organizations with foreign participation often incur expenses for intragroup services, i.e. services provided by related foreign companies. Most Russian enterprises that are part of international groups of companies incur expenses for so-called management fees.
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Keeping information about beneficial owners in Russia
Anti-money laundering laws require all legal entities to keep records and disclose information about their beneficial owners.
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Foreign currency hedging transactions
The Russian rouble collapsed in January 2016 to its lowest level ever.
Legal entities may be exposed to foreign currency fluctuation risk, particularly when a transaction is denominated in a foreign currency.