Changes to the procedure for completing a customs value declaration
According to the Decision of the Board of the Eurasian Economic Commission from August 15, 2023 № 112 "On Amendments to the Procedure for filling out the customs value declaration" in the customs document will indicate the actual costs in the national currency. In cases where expenses are reflected in foreign currency, but paid in national currency prior to the declaration of goods. Thus, there will be no recalculation of foreign currency on the day of registration of the customs declaration. This Decision shall enter into force upon expiration of 30 calendar days from the date of its official publication.
Softening of state regulation for international companies. Amendments to the Federal Law No. 290 'On International Companies and International Funds'
From April 14, 2023, a bill has been submitted to the State Duma proposing new provisions regarding the activities of international companies. Against the backdrop of sanctions imposed on the Russian Federation by unfriendly countries, the bill aims to adjust the provisions of the existing Federal Law No. 290 "On International Companies and International Funds" (hereinafter referred to as the Law) in terms of easing and softening the state regulation of international organizations.Read more
Ratification of OECD Multilateral Convention (MLI)
The President of the Russian Federation signed on May 01, 2019 Federal Law No. 79-FZ Ratifying the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Tax Base Erosion and Profit Shifting.
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