A new 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”) will take effect on July 1, 2023.

On June 21–23, 2023, the Chamber of Tax Consultants held a hands-on workshop ‘International Tax Planning—A Turn to the East’. Anton Kabakov spoke at this event on one of the days devoted to the tax aspects of changes in the format of international cooperation.

On June 14, the Taxes and Financial Reporting Committee of the German-Russian Chamber of Commerce held a regular meeting. Alina Aleksandrova talked about the de-registration of digital service providers with Russian tax authorities

On May 31, 2023, the Russian Government introduced Draft Law No. 369931-8 to the Russian State Duma. This draft law makes a number of amendments to the Russian Tax Code. One of the most significant changes is a revision of the procedure for taxing the personal income of those who have lost their tax residency and receive income from working remotely for Russian employers and income from the services they provide and the work they perform over the Internet.

Russian IT companies that hold state accreditation and currently enjoy tax benefits, such as a 0% corporate income tax rate and reduced insurance contribution rates, should be aware of recent changes in the accreditation conditions. Many of these companies have failed to disclose their tax secrecy, a precondition for accreditation, as alerted by the Ministry of Digital Development, Communications, and Mass Media.

The portal Pravo.ru published on February 21 its annual individual ranking of lawyers by area of law as a continuation of Pravo.ru-300 law firm rating, the results of which were announced in December.

The Russian Tax Code has been amended to exempt interest forgiven by a foreign lender from corporate income tax.

On September 22, 2022, the German-Russian Chamber of Commerce held its annual CFO conference. Anton Kabakov, Partner at Forte Tax & Law, spoke about certain aspects of the restructuring of an international group.

The Taxes and Financial Reporting Committee of the German-Russian Chamber of Commerce held a meeting in Moscow, on Wednesday, July 13.

On July 5, 2022, the State Duma of the Russian Federation passed Bill No. 136059-8 in the third reading. In addition to the amendments made to the regulation of personal income tax, excises, and severance tax, we would like to draw your attention to the changes in the regulation of VAT on digital services.