Consequences of the suspension of a number of articles of the Russian Federation's double taxation treaties with unfriendly states

Earlier we have already touched upon the issue of suspension of certain articles of double taxation treaties of the Russian Federation: Consequences of suspension of provisions of international tax treaties on the example of the agreement with Finland. In this article we will highlight this issue in more detail.
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Tax law changes effective August 31, 2023

From August 31, 2023, a number of changes in tax legislation come into force, which may affect many taxpayers.Read more

Provisions of international treaties on double taxation have been suspended

In accordance with the Decree of the President of the Russian Federation dated August 8, 2023, No. 585, the operation of a number of international agreements between Russia and other countries on the avoidance of double taxation (DTAs) has been suspended. Read more

The law on taxation of incomes of employees working remotely from abroad has been passed by the State Duma

Employees who work for Russian companies remotely under both labor contracts and civil-law contracts (such as civil-law agreements) will pay a personal income tax (PIT) at a rate of 13% (or 15% for high incomes), regardless of their tax residency.Read more

The law on windfall tax has been passed by the State Duma

For companies whose average profit for 2021 and 2022 turned out to be higher than 1 billion rubles, a tax on super profits is introduced. According to the law, the payment will be 10% of the amount exceeding the profit for 2021-2022 over the indicators for 2018-2019.Read more

The deadlines for the collection arrears payments the en konsu o

The deadlines for the collection of arrears on payments to the budget and the deadlines for the execution of requirements by the Federal Tax Service have been extended

According to Resolution No. 500 of the Government of the Russian Federation dated March 29, 2023, the maximum deadlines for sending demands for payment of arrears and making decisions on the collection of arrears have been extended by 6 months.

In addition, the Federal Tax Service of Russia has published information on its website stating that the deadlines for executing requirements sent to taxpayers in April will be extended to 1 month (instead of 8 days). Before issuing demands to personal account users and those who interact with the Federal Tax Service through telecommunications channels, references will be sent with a breakdown of the total amount of debt by types of taxes and payment deadlines. This will allow taxpayers to compare their data with information from the tax authority and pay the debt if it is confirmed. For example, in case of an error, a correct notice of advance payments can be submitted or an application for tracing the payment can be filed. Decisions on collection will only be made upon confirmation of the correctness of the taxpayer's negative balance. Additionally, from January 1 to June 30, 2023, penalties will not be charged in cases where the taxpayer made mistakes when forming the notification of calculated taxes or did not send it at all.

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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Overview of legislation changes - March 2023

Overview of the most important legislation changes - March 2023
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Risks of using incorrect OKVED codes for companies

OKVED (exact translation: All-Russian classifier of types of economic activity) is the Russian Classification of Economic Activities. When companies and individual entrepreneurs register with state authorities, they indicate their type of activity in accordance with this classification, and this information is recorded in the State Register of Legal Entities or State Register of Individual Entrepreneurs.
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