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.

On February 26, 2024, Federal Law No. 39-FZ was published that has changed the time limit for ordering a tax audit of transfer prices.
The Law has amended Article 105.17(2) of the Russian Tax Code by dropping the restriction whereby a decision to order an audit of transfer prices may be made within two (2) years after the date on which the Russian Federal Tax Services receives notice from a taxpayer, or notification from a territorial tax authority, of controlled transactions.

Some significant changes in the regulation of transfer pricing came into effect on January 1, 2024.

New notice forms are to be used for foreign employees starting from January 1, 2024.

Amendments to Federal Law No. 115-FZ dated July 25, 2022 On the Legal Status of Foreign Citizens in the Russian Federation will take effect on March 1, 2024.
According to these amendments, the minimum salary of a highly qualified specialist will be at least RUB 750,000 a quarter effective March 1, 2024. It is RUB 167,000 a month today.

The November issue of the Zakon magazine has published an article by Anton Kabakov, Partner at Forte Tax & Law, on a most topical issue—the inclusion of dividends in the customs value.

On December 7, 2023, an annual awards ceremony for the leaders of the Pravo.Ru-300 Legal Ranking—the Oscar of the legal world—was held in Moscow. This research is the most authoritative among Russian rankings of law firms.

On December 4, 2023, Rossiyskaya Gazeta released a new annual ranking of lawyers for the first time. A feature of this ranking is that participating in it does not involve filling out any standard questionnaires. Instead, law firms are invited to provide, in any convenient format, information about their key lawyers and the achievements that they consider significant.

Please be informed that on September 29, 2023, a draft law was introduced to the Russian parliament, exempting from withholding tax in Russia certain types of income derived by foreign entities that are residents of the states, with which Russia has suspended a double tax treaty (DTT).