Coronavirus сustoms measures

Dentons’ lawyers have prepared an overview of customs measures taken because of the spread of coronavirus infection.

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Rules for working with accounts (deposits) of residents held with foreign non-bank financial organizations defined

The Ministry of Justice of Russia registered Bank of Russia Directive No. 5371-U of December 24, 2019, on Crediting Funds to Accounts (to Deposits) of Residents held with Non-bank Financial Organizations Located Outside of the Russian Federation and Debiting Funds from Such Accounts (Deposits) (the “Directive”) on March 26, 2020.

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Russia reviews double tax treaties

As we have already informed, on March 25, 2020, President of Russia Vladimir Putin instructed the Russian Government to arrange for updates to Russia’s double tax treaties (DTTs) with “certain” countries to change how dividends and interest are taxed.

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Vladimir Putin announces major tax changes

On March 25, President of Russia Vladimir Putin made a special address to the nation in connection with the difficult epidemiological and economic situation in the country caused by the spread of the COVID-19 coronavirus.

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Tax major changes in Russian legislation and practice for the second half of 2019

Dentons’ lawyers have prepared an overview of tax major changes in Russian legislation and practice for the second half of 2019

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Finance Ministry proposes confiscating funds illegally moved offshore

We already presented our vision of general trends in the taxation of intragroup services in our alert on the most important tax events for the first half of 2019. Until recently the tax authorities have followed the main two lines of attack: (1) challenging expenses on the grounds of insufficient documentary support and (2) requalification of remuneration for services in other types of income (generally dividends).

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