Russian VAT on e-services: Breaking news

As you know, under the Russian Federal Law No. 335-ФЗ of 27.11.2017 all foreign e-services providers must register with the Russian tax authorities and pay Russian VAT themselves. This has given rise to many questions and technical difficulties. On 24April 2019 the Russian Federal Tax Service (“FTS”) issued the long-awaited guidance letter No. СД-4-3/7937@, where they attempted to adequately address these issues. The major conclusions discussed in the letter can be summarized as follows:

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Dentons’ Tax practice recognized as best in Russia by Chambers Europe

Dentons’ Tax practice has been ranked Band 1 in Tax in Russia by Chambers Europe 2019, once again joining the leaders in this annual international ranking.

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Development of the practice of administrative sanctions for not submitting statistics forms to a customs authority when moving goods between EAEU countries

The version of the Russian Federation Administrative Offenses Code in effect since early 2017 says that there are administrative sanctions for not submitting the statistics form tracking the movement of goods to a customs authority, or for late submission.

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Dzhangar Dzhalchinov becomes exclusive winner of 2019 Client Choice Corporate Tax award for Russia

Partner and head of Russian Tax and Customs practice Dentons Dzhangar Dzhalchinov has become an exclusive winner of the 2019 Client Choice Corporate Tax award for Russia for the second time.

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CFC declaration campaign 2019

Dentons tax experts would like to remind you that 20 March 2019 is the deadline for filing notifications of controlled foreign companies (“CFC”) with the Russian tax authorities. Controlling persons must file CFC notifications in respect of corporate and non-corporate CFC (trusts, funds, partnerships). In 2019, controlling persons must declare CFC profits or losses that were recognized by Russian taxpayers in 2018.

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Development of court practice on notification of participation in foreign entities and of controlled foreign companies

January 2019 was marked by an upsurge in court activity in considering issues related to Russian companies’ filing of notices of participation in foreign entities and notices of controlled foreign companies (СFСs). Four cases considered by the Moscow Commercial Court caught our attention at once: the Moskabelmet,[1] INFRASTRUKTURA TK,[2] Almera[3] and Inspektorat R cases.[4]

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Expiration of the second round of the Russian voluntary disclosure (capital amnesty) campaign and the tax-exempt liquidation of CFCs

Dentons’ Russian Tax team would like to remind you that 28 February 2019 is the deadline for filing a special declaration with the Russian tax authorities to participate in the voluntary disclosure campaign (the so-called “capital amnesty campaign”).[1] In addition, Russian tax resident individuals must liquidate their controlled foreign companies and non-corporate structures (trusts, partnerships and others) no later than 1 March 2019 for tax-exempt receipt of the liquidation proceeds.

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