On April 26, 2024, the Russian Ministry of Justice registered Order No. 35н of the Russian Ministry of Finance dated March 28, 2024, which approved a Special List of States and Territories that provide Preferential Tax Treatment and/or do not require the Disclosure and Provision of Information when Financial Transactions are Conducted (Offshore Zones).

On April 18, 2024, the Kommersant Publishing House, jointly with Forte Tax & Law and several other experts, held Tax Conference 2024 that brought together leading Russian lawyers, consultants, and officials.

The online media outlet Pravo.ru published a regular article on the key tax changes that occurred last month. In this article, Nadezhda Danilenko, Senior Associate at Forte Tax & Law, shared her expert opinion on the tax events of March 2024.

Effective from April 1, 2024, it is no longer required to submit documents to the bank with respect to foreign trade transactions, the value of which does not exceed RUB 1 million.

On February 26, 2024, Federal Law No. 39-FZ was published that has changed the time limit for ordering a tax audit of transfer prices.
The Law has amended Article 105.17(2) of the Russian Tax Code by dropping the restriction whereby a decision to order an audit of transfer prices may be made within two (2) years after the date on which the Russian Federal Tax Services receives notice from a taxpayer, or notification from a territorial tax authority, of controlled transactions.

Some significant changes in the regulation of transfer pricing came into effect on January 1, 2024.

Please be informed that on September 29, 2023, a draft law was introduced to the Russian parliament, exempting from withholding tax in Russia certain types of income derived by foreign entities that are residents of the states, with which Russia has suspended a double tax treaty (DTT).

Commerce (AHK Russland) held its annual CFO conference in Saint Petersburg. The event saw over 150 attendees offline and was streamed online.Nadezhda Danilenko made a presentation on one of today’s most topical tax-related subjects—the suspension of double tax treaties (DTTs).

Published on July 31, 2023, Law No. 389-FZ has introduced extensive changes to the Russian Tax Code. Forte Tax & Law specialists have played an active role in preparing the Law.

On August 8th, 2023, the Russian President issued Decree No. 585, which suspends key provisions of several double tax treaties. Below, you will find comprehensive details about the suspended agreements and their implications.