Beneficial Ownership Concept New Interpretation From The Russian Federal Tax Service.

The Treaty covers VAT and excise duties, for which the national legislation is to be brought into conformity with the Treaty by January 1, 2023.

For many, this might turn into an unexpected addition of 20% profit tax plus fines and penalties on top of 13% personal income tax.

Within the mutual agreement procedure provided for under Article 25(3) of the Luxembourg-Russia Double Tax Treaty, the tax authorities of both countries agreed on a uniform interpretation of Article 10 (2) of the treaty...

The method of transferring of funds free of charge, used by many foreign investors to finance their Russian subsidiaries, is again threatened by adverse tax consequences.

On 30 December 2016 the Commercial Court of Voronezh Oblast delivered a judgement in case No. А14-10190/2014 (the "Decision") under the claim of Ilyushin Finance Co. Open Joint Stock Company...

On 3 May 2017 the Commercial Court of Chelyabinsk Region rendered a decision in case No. А76-20508/2016 under the claim of Chelyabenergosbyt PJSC (the "Company").

On 15.03.2023 the Ministry of Finance of Russia and the Ministry of Foreign Affairs of Russia made a proposal to the President of the Russian Federation to issue a decree on suspension of double taxation agreements...

The Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent Base Erosion and Profit Shifting of 24 November 2016 - also known as the Multilateral Instrument (MLI)

The Russian Federal Tax Service ("FTS") has prepared a letter clarifying criteria for determining the Russian tax residency for individuals (the "Letter").

On 4th of October 2016 the Commercial Court of Tambov Region delivered a judgment in case No. А64-3695/2016 under the claim of "Uvarovsky Sugar Plant" Closed Joint Stock Company.

On February 16, 2017, the Presidium of the Supreme Court of the Russian Federation approved the Review of Court Practice in the Consideration of Cases Involving the Application...

On March 3, 2016 the Commercial Court of Moscow rendered a decision on case No. А40-241361/15 (the "Decision") under the claim of BANK INTEZA joint stock company (the "Russian Company").

On June 7 2017 Russia, alongside 68 other states and jurisdictions, signed the Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent BEPS, which was developed to implement Action 15 of the BEPS Plan.

2016 was marked by a breakthrough in the practice of applying the concept of the person beneficially entitled to income (the beneficial owner concept)...

Russia is one of the fastest growing markets for the international wealth management industry.

The officials of the Russian and Swiss governments have now confirmed that the Protocol to the existing double tax treaty (‘Protocol’) was signed in Washington DC last week.

Awaiting decision with regards to the denunciation by the Russian government of the Double Tax Treaty with the Kingdom of Netherlands- potential consequences.

Among other things, the Overview presents the RF SC Praesidium's stand on several issues deriving from tax disputes involving foreign investors.

Goltsblat BLP advises of a tax dispute judgement passed by a court of appeal that is of importance to the business community.