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.

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.