Overview of Key Tax Developments in the Fourth Quarter of 2025
This overview summarises the principal tax developments in the fourth quarter of 2025 that are relevant to businesses.
Key Tax Developments in Russia – Q1 2025
Key developments in taxation for the second quarter of 2025.
New Double Taxation Avoidance Agreement between Russia and the UAE: Key Points for Business
On 17 February 2025, a new Double Taxation Avoidance Agreement («the Agreement») was signed between Russia and the United Arab Emirates (UAE), intended to replace the 2011 version, which applied only to the public sector.
Overview of Key Developments in Taxation and Currency Regulation in 2024
Tax practice of EPAM Law Firm presents to your attention an overview of the key developments in taxation and currency regulation for 2024.
Third Reading Passed: Law Implementing Certain Provisions of the Main Directions of Tax Policy
This overview outlines the amendments affecting the main categories of taxpayers.
Introduction of a Progressive Scale for Personal Income Tax and Other Significant Amendments to the Tax Code
Most of the amendments will apply to tax periods commencing from the next calendar year.
Introduction of a Progressive Personal Income Tax Scale and Other Significant Amendments to the Russian Tax Code
Last week (3 June), the State Duma of the Russian Federation considered high-profile draft law No. 639663-8, which introduces a progressive scale of personal income taxation and provides for other significant amendments affecting the main federal taxes and special tax regimes.
Presidential Decree on Suspension of Double Taxation Treaties with 38 Countries Published
Presidential Decree No. 585 “On Suspension by Russia of Certain Provisions of Russia’s International Treaties on Taxation Matters” (the Decree) was published on 8 August 2023. This Decree represents a natural development of the initiative announced by the Ministry of Finance and the Ministry of Foreign Affairs of Russia to unilaterally suspend Double Taxation Treaties (the DTT, the Treaty) in response to the European Union’s decision to place Russia on the list of jurisdictions that do not cooperate with the EU on taxation matters.
Sweeping Changes in the Russian Tax Code
On 21 July 2023, the State Duma of the Russian Federation (the State Duma) passed in its third reading bill No. 369931-8, implementing the key areas of the fiscal policy for 2023 and the target period. The proposed amendments are systemic and stipulate changes to 30 chapters of the Tax Code of the Russian Federation (the Russian Tax Code). The key amendments are summarised below.
New Currency Control Measures
In recent days, several Decrees of the President of the Russian Federation and instructions of the Central Bank of the Russian Federation have been published, which introduce serious currency restrictions in addition to those already in force under the Federal Law “On Currency Regulation and Currency Control”. A number of restrictions also apply to the conditions for investors to withdraw from projects in the Russian Federation.
Restrictive Measures in the Field of Cross-Border Transactions
The Decree establishes significant restrictions on cross-border monetary transactions and is directly related to both: transactions of individuals and participants in foreign economic activity.
Taxation and the Pandemic
The spread of coronavuirus (COVID-19), as well as the introduction of a broad range of restrictive measures to contain it, will have a negative impact on many sectors of the Russian economy. How will this situation affect taxpayers' obligations in relation to making mandatory payments to the budget? Further considering the restrictive measures and the fact that most employees will start working remotely, will there be a change to the overall interaction between taxpayers and tax authorities?
Russian Lawmakers Have Introduced Bills to Zero out the Country's Dividend Tax for Certain Companies in Designated Regions | commentary by Sergey Kalinin for Bloomberg
Russian lawmakers have introduced bills to zero out the country's dividend tax for certain companies in designated regions.
Significant Tax Privileges in Belarus for ICT Companies
On December 21, 2018 the new Decree No.8 established by the President of the Republic of Belarus simple and transparent rules for running innovative business models for Belarusian Hi-Tech Park residents (HTP).
The Russian Big Business Will Be Able to Secretly Return Capital From Abroad | Sergey Kalinin commentary, micetimes.asia
As stated by the President of Russia Vladimir Putin, the state is ready to help domestic businesses on a Pro Bono basis to return capital from abroad by issuing foreign currency bonds. This good for the part of entrepreneurs the news the President announced on December 21 at a meeting in the Kremlin. The issue of the “bonds of external loans denominated in foreign currency” is scheduled for next year. According to the President, the government and the Central Bank has already elaborated this issue, it remained for the technical issues – issue details and conditions.