The annual CFO conference organized by the Russian-German Chamber of Commerce took place on September 16. At this event, Anton Kabakov, partner at Forte Tax & Law, spoke about transfer pricing.

Mika Kokkonen commented on the upcoming changes in the taxation of IT companies to the Finnish-Russian Chamber of Commerce.

On July 31, 2020, the President of Russia signed a law that introduces significant changes to how taxation of the IT industry is regulated . The President gave an outline of these changes already on June 23, 2020 in yet another address to the nation, proposing to reduce the total social insurance contribution rate for the IT industry down to 7.6% and the profit tax rate down to 3% (instead of 20%).

The President of Russia addressed the nation once again on June 23, 2020 and announced, among other things, that we are to expect important tax changes in 2021.

Not so long ago, the Russian Ministry of Finance sent letters to Cyprus, Malta, and Luxembourg, proposing to review the terms of the double taxation treaties (DTT) that Russia has signed with these countries.

The Federal Tax Service has explained how small and medium enterprises should apply reduced social insurance contribution rates.

The government has set new deadlines for submitting information on staff employment to the Pension Fund (Form SZV-TD). This form must be submitted today April 28, 2020 if any employees were fired or hired in April (please see below for more detailed information).

St. Petersburg International Business Association (SPIBA) held a webinar on Tuesday April 14, 2020 to discuss tax issues amid the COVID-19 pandemic.

The results of The Legal 500, one of the world’s leading law firm ratings, were published on April 15. We are delighted to announce that our tax practice has been ranked among the best in Russia.

Forte Tax & Law held its first webinar last week on the topical subject of late, i.e. the impact of the coronavirus pandemic on business. For those who have missed or those who would like to replay our webinar on the legal aspects of COVID-19, we are pleased to provide a recording of the webinar presentations.