Another meeting of SPIBA (St. Petersburg International Business Association) legal debate club was held on Tuesday October 02, 2018. The topic of Property Tax: Problems and Tax Reform Solutions was addressed during this session.

Forte Tax & Law held a seminar on September 27, 2018 on The Latest Tax Legislation Changes: A New Business Season Ahead.

The third transfer pricing case has not been long in coming[1], and it is the transactions of PAO Toliattiazot (further “TOAZ”) for supply of ammonia to a Swiss trader Nitrochem Distribution AG (further “Nitrochem”) that were scrutinized by tax authorities this time.

The notion of “warranties and representations” has been borrowed from Anglo-American law and appeared in Russia when Article 431.2 of the Russian Civil Code entered into force in 2015. Julia Talagaeva, Senior Associate at Forte Tax & Law, told RBC how this new legal tool caught on in Russia and described the practical problems that arose from its use.

Amendments to Federal Law N 115-FZ dated July 25, 2002 On the Legal Status of Foreign Nationals in the Russian Federation will enter into force on January 16, 2019.

Draft amendments to Federal Law On Foreign Investments in Business Entities of Strategic Importance for National Defense and State Security were published on September 10, 2018 on the website used for official publication of draft regulations. The proposed amendments will affect those Russian nationals who control strategic enterprises and plan to apply for or are in process of obtaining another/second citizenship.

Do not miss Forte Tax & Law seminar on the latest changes in domestic and international taxation to be held on September 27, 2018.

We are delighted to congratulate our partner, Anton Kabakov, on becoming a member of the Leaders Club for Promotion of Business Initiatives which pulls together successful entrepreneurs from more than 40 regions of Russia.

Forte Tax & Law  would like to remind Russian companies that are part of international holdings that the deadline for submitting notices of participation in multinational groups of companies is coming up soon.

Recently, courts have been allowing lawsuits against website owners/administrators for deletion of disparaging information posted online by anonymous users. Such lawsuits require, among other things, the establishment of legal circumstance, i.e. the availability of defamatory information, and allow the deletion of discrediting feedback about individuals or companies by a single court decision.