An event organized by Kelly Services for top managers to discuss leadership was held last Tuesday. Our esteemed partner, Anton Kabakov, was invited to moderate this discussion which ended up being particularly up-beat thanks to all the relevant issues that were discussed.

From April 20, 2018 onwards, employers will be required to use new forms when sending to the Department of Migration Matters of the Ministry of Internal Affairs, among others, the following notices regarding foreign employees

A new base for accrual of property tax will be determined by the end of 2018 in St. Petersburg

Companies often do not pay enough attention to issues related to the holding and documenting of annual general meetings. This, in turn, gives rise to unnecessary risks and errors associated with internal control, relations with business partners and compliance with Russian law

The dispute is about supply transactions concluded between Uralkali and a related Swiss trader who resold the goods delivered by Uralkali to independent customers.

Mika shared his experience of doing business in Russia and the difficulties he had faced along the way. Mika also discussed whether lawyers will be required in the future when smart contracts and robot lawyers would be sufficiently developed and available for business.

The Supreme Court has rendered an important ruling in a dispute over the thin capitalization rule involving OAO SUEK-Kuzbass (further the “Company”). In this case, the Supreme Court allowed considering the loan principal as investment in capital in order to apply the preferential tax rates for dividends provided under double taxation treaties (further “Tax Treaties”) when paying interest re-qualified as dividends under the thin capitalization rule. The conclusions drawn by the Supreme Court will undoubtedly be of interest to all companies that have or are planning to get intragroup loans.

The Constitutional Court of Russia finally published its ruling on a case partially validating “parallel” import. This case involved PAG, a Russian company which imported Sony trademarked products into Russia without Sony’s consent and was required to destroy these products as counterfeit

Several laws putting in place a “second capital amnesty” in Russia came into force on February 19, 2018 [1]. As previously, the main purpose is the deoffshorization of the economy and return of capital to Russia. Businessmen who did not declare their assets and accounts during the first capital amnesty in 2015 – 2016 are expected to do so now and to return their assets to Russia on completely lawful grounds without incurring any risk of being brought to tax, administrative and criminal liability

Anton Kabakov, Partner at Forte Tax & Law and co-chairman of SPIBA Financial Committee shared some transfer pricing news.