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.

The Bank of Russia has published new Clarifications No. 1-OP dated March 22, 2024 on the procedure for applying Decree No. 95 of the Russian President dated March 5, 2022.

Decision No. ПРГ-12-3/534 of the Working Group of the Bank of Russia dated March 6, 2024 has revised the conditions, on which Russian residents may, without individual authorizations from the Bank of Russia…

On March 19, 2024, the Pravo.ru portal published its annual individual lawyers ranking by area of law. This research is a continuation of the Pravo.ru-300 Law Firm Ranking that was released last December.

We are pleased to announce that two representatives of Forte Tax & Law— Anton Kabakov and Julia Talagaeva—have been elected to co-chair sectoral committees of the Saint Petersburg International Business Association (SPIBA). Julia Talagaeva has become a co-chair of the Legal Committee for the first time, and Anton Kabakov has been re-elected as a co-chair of the Finance Committee.

On March 6, 2024, the Saint Petersburg International Business Association (SPIBA) hosted its annual conference ‘Taxes 2024’. Anton Kabakov, Partner at Forte Tax & Law, spoke on changes in transfer pricing taking effect in 2024.