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
Consequences of suspension of provisions of double taxation avoidance agreements with Finland
On August 8, 2023, Presidential Decree No. 585 of Russia was published and came into effect, suspending the provisions of certain international treaties on taxation issues with a number of countries, including Poland, the United States, Sweden, the United Kingdom, Norway, Finland, Germany, France, and Japan.
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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 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
Overview of legislation changes - March 2023
Overview of the most important legislation changes - March 2023
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Foreign IT companies must officially register their presence in the Russian Federation
Except for some provisions, Federal Law No. 236-FZ dated July 1, 2021 On the Activities of Foreign Entities on the Internet in the Russian Federation (further “Law No. 236-FZ”).
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VAT for e-services provided by foreign companies
Google tax will apply from January 01, 2019 onwards to all e-services purchased from foreign companies. Foreign organizations will be required to register with Russian tax authorities and themselves calculate and pay Russian VAT regardless of whether their counterparty is an individual, legal entity or individual entrepreneur.Read more
VAT increase up to 20%. What needs to be done?
The VAT rate will increase from 18% to 20% from January 01, 2019. Transactions (sale of services, goods or work performance) which used to be taxed at 18% will be taxed at 20% from January 01, 2019.Read more
New OECD Automatic Exchange of Tax Information
New Law to Simplify the Exchange of International Tax Information
The Russian Ministry of Finance has drafted a bill intended to build a legal base for international automatic exchange of tax information and information on financial statements. Tax authorities will oversee this new system.