The President of Russia has signed Federal Law No. 459-FZ, introducing a requirement for mandatory notarial certification of real estate gift agreements between individuals.
On 30 November 2024, laws were published substantially increasing liability in the field of personal data processing.
In late September to early October 2024, resolutions of the Government of the Russian Federation enter into force introducing a number of changes affecting the state registration of results of intellectual activity and means of individualisation.
On 8 August 2024, amendments entered into force simplifying the procedure for registering private foundations and addressing a number of pressing issues in their operation
This overview outlines the amendments affecting the main categories of taxpayers.
Most of the amendments will apply to tax periods commencing from the next calendar year.
In June, the St. Petersburg International Economic Forum (SPIEF) hosted a session entitled “The Evolution of Legal Regulation of Corporate Relations in Modern Conditions”.
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.
The legislator has raised the threshold for initiating bankruptcy proceedings, simplified the consideration of certain incidental disputes, and standardised appeal deadlines. Below is an overview of the key changes.
EPAM International Arbitration and Litigation team including Practice Head Evgeny Raschevsky, Counsel Vladimir Talanov, Associates Natalia Soldatenkova and Yana Bagrova exclusively co-authored the Russia’s chapter for the GAR Know-how: Commercial Arbitration 2024.
The legislator is currently reviewing — and has advanced to the next stage — several important draft legal acts in the field of personal data processing, relevant to all sectors of business.
This review outlines the main trends in criminal and criminal procedure legislation over the past year that are relevant to the business community. A distinctive feature of Russian anti-crime legislation is its continuous and dynamic evolution, and the past year proved no exception.
EPAM International Arbitration and Litigation team including Practice Head Evgeny Raschevsky, Counsel Vladimir Talanov, Associates Natalia Soldatenkova and Yana Bagrova exclusively co-authored the Russia’s chapter for the GAR Know-how: Commercial Arbitration 2023.
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.
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.