On May 17, 2024, the Russian Ministry of Finance published on the website a new extract from the minutes of a meeting of the subcommittee of the Russian Government Commission.

On May 23, 2024, the President of Russia signed Decree No. 442, establishing the procedure for compensating damages caused by decisions of US governmental bodies and courts to seize foreign assets of the Russian Federation and the Central Bank of Russia.

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 23, 2024, a solemn award ceremony honoring the leaders of the Legal Top 2024 Ranking compiled by the Delovoy Petersburg Publishing House was held at the Palkin restaurant in Saint Petersburg.

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.

Recent decrees of the Russian President are imposing more and more restrictions on payments, settlements, and transactions involving foreign persons. Leading Forte Tax & Law lawyers will host a free webinar to talk about the key restrictions imposed on transactions with a foreign element and share their current experience.

On April 10, 2024, Kommersant released the results of its annual survey—a ranking of Russia’s best law firms. One of the features of this survey is that it assesses not only the best industry practices and ranks individual lawyers. Researchers recognized the expertise of Forte Tax & Law in each of these areas.

This time of the year has come again when companies need to approve their financial results for the previous year. Limited liability companies will have to approve their financial results for 2023 not later than April 30, 2024, and joint-stock companies not later than June 30, 2024 (unless otherwise provided by the company’s charter).

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.