News & Updates
New Russian Regulations with regards to the implementation of requirements for audits for offshore companies
CFC legislation came into force as of 01/01/2015. First reporting is scheduled on the 20/03/2017 and must cover 2015 tax year. It is quite complicated and usually requires individual case-by-case approach as the analyses of the ownership structure, determination of...
read moreOn imposing of obligation on legal entities to determine and disclose information on their beneficial owners in the Russian Federation
Please be advised that on 21st of December 2016, the Federal Law 23rd of June 2016, No. 215-FZ “On Amendments to the Federal Law “On Countering Legalization (Money Laundering) of Proceeds of Crime and the Financing of Terrorism” and to the Code of...
read moreForeign Conduit Companies and Increasing Tax Exposure in the Russian Federation
The growing tax exposure linked to the usage of foreign conduit companies is one of the most pressing issues relating to tax planning in Russia. What is a Conduit Company? A Conduit Company is a company used for the transfer and transformation of revenue for...
read more