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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Amendments to the Tax Code of the Russian Federation: Tax Residence and Rates for IT companies
We review below the main amendments introduced by Federal Law 265-FZ dated July 31, 2020 to the Russian Tax Code, in particular, to tax residency in Russia in 2020 as well as profit tax and social insurance contribution rates for IT companies.
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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Personal income tax declaration for foreigners in Russia
We would like to remind you that the deadline for declaring personal income tax is April 15. Foreigners who have derived incomes for the work in Russia have to make sure that they make their declaration in a timely manner.
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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
Personal income tax for foreign employees in Russia
When foreign nationals start working in Russia, they are often baffled by the calculation of income tax because it is dependent on criteria such as the type of work permit (work permit for highly qualified specialists or regular work permit), tax status in Russia and tax status in foreign nationals’ country of origin. We have outlined below the particularities of personal income tax for foreign employees in Russia.Read more