On July 11, 2023, the German-Russian Chamber of Commerce (AHK Russland) held a seminar ‘Entering New Markets: Experience of Thailand, Kazakhstan, and countries of the Persian Gulf’ at which Mikhail Borodin, Counsel at Forte Tax & Law, talked about doing business in Thailand.

We would like to inform you of the latest developments regarding obtaining approvals from the Government Commission for Control over Foreign Investments in the Russian Federation for the sale of companies in Russia.

A new draft law on changes to Russian migration laws is about to be adopted. The key changes will affect highly qualified specialists (HQSs).

A new list of states and territories that provide preferential tax treatment and/or do not require the disclosure and provision of information when financial transactions are conducted (“offshore zones”) will take effect on July 1, 2023.

A new law will take effect on July 1, 2023, enabling companies to cease operations in Russia according to a simplified procedure.

On June 21, 2023, the German-Russian Chamber of Commerce held its annual CFO conference in Moscow. Julia Talagaeva talked about “Payments to foreign shareholders from unfriendly countries — Current Practice of Obtaining Authorizations”.

On June 21–23, 2023, the Chamber of Tax Consultants held a hands-on workshop ‘International Tax Planning—A Turn to the East’. Anton Kabakov spoke at this event on one of the days devoted to the tax aspects of changes in the format of international cooperation.

On June 15, SPIBA hosted a webinar “Course for the East—Business in China, Hong Kong, and Thailand” initiated by Forte Tax & Law. Anton Kabakov moderated the event, and Mikhail Borodin talked about entering the Thai market and doing business in Thailand.

On June 14, the Taxes and Financial Reporting Committee of the German-Russian Chamber of Commerce held a regular meeting. Alina Aleksandrova talked about the de-registration of digital service providers with Russian tax authorities

On May 31, 2023, the Russian Government introduced Draft Law No. 369931-8 to the Russian State Duma. This draft law makes a number of amendments to the Russian Tax Code. One of the most significant changes is a revision of the procedure for taxing the personal income of those who have lost their tax residency and receive income from working remotely for Russian employers and income from the services they provide and the work they perform over the Internet.