The taxation of capital gains derived by foreign legal entities from the sale of Russian shares or financial instruments has been clarified by Russian Federal Law No. 132-FZ.

Russia's Tax Code includes thin capitalisation rules which limit or disallow the deduction of interest paid by a Russian company which fails to meet the prescribed debt-to-equity ratio.

There is plenty of potential for Guernsey to increase business flows with Russia, according to the team from the Island’s finance industry which visited Moscow last week.

In July, world attention focused on Russia, as the Group of Eight summit convened in St. Petersburg. Russia was invited to join the G8 in 1998 both to recognize and to encourage its transformation to a market-based democracy. It’s been 16 years since the Russian Federation formally declared its independence from the Soviet Union.

On 8 December 2010 the Moscow State Commercial Court decided that the collection of information by Bloomberg LP's representative office in Moscow resulted in the creation of a permanent establishment under Russian law and the double tax treaty between Russia and the United States.

A nation, shaped profoundly by powerful leaders across the ages, instinctively recognizes the cultural and political importance of strong images. If a picture is worth a thousand words, then the modern icons of Russia are worth millions of rubles.

Russia has recently introduced significant changes to its tax code, intended to restrict the use of offshore corporate and trust structures controlled by Russian taxpayers...

This special issue of our newsletter outlines two recent cases in the Russian courts which potentially affect clients doing business in Russia and which highlight the importance of thorough planning and careful, detailed practical implementation of tax-effective structures, so as to avoid unforeseen and unwelcome consequences.

Employee-created intellectual property (IP) assets play an important role in the development of every technology business as well as IP portfolio. Russian domestic laws have specific regulations ...

Investing in property is a profitable and dependable venture but rising interest rates and an unpredictable global economy are making investors apprehensive.

At present, along with the increasing importance of intangible assets in the market-driven economy and with the development of the intellectual property law...