Anton Kabakov spoke at a meeting of Finnish-Russian Chamber of Commerce

The SVKK Club held a meeting on October 04, 2019 in the office of the Finnish-Russian Chamber of Commerce in Moscow. Current changes in taxation and tax practice were discussed at this meeting.

Anton Kabakov, partner at Forte Tax & Law, spoke about the Multilateral Instrument (MLI) which became effective in Russia this October. The MLI is an international agreement intended to combat tax avoidance by multinational enterprises through prevention of tax base erosion and profit shifting (BEPS).

Although not everyone is aware of the MLI yet, this instrument still applies to all companies that pay abroad and/or receive from abroad any royalties, interest, dividends and other payments. As Anton noted, the ratification of the MLI can be called a “revolution in double taxation treaties” as it changes all existing treaties which can no longer be applied without taking into the MLI.