Tax flash reports

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Tax legislation amendments

Russian Offshores: “Open” or “Staff only”?

The package of seven bills on special administrative districts (SADs) on Russkiy Island (Primorye, Far East) and Oktyabrskiy Island (Kaliningrad Region) are approved by the Federation Council. These islands will offer a flexible tax and currency regulation regime for multinational companies (MC).

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Increasing import customs duties rates on certain US origin goods

On 6 July 2018 the Prime Minister of the Russian Federation signed Governmental Decree #788 «On approval of import customs duties rates in respect of certain goods originated in the United States of America». The Decree enters into force on 5 August 2018 and introduces higher import duty rates on a number of goods of US origin.

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The Russian Government’s policy agenda for the next three years is already being discussed in the State Duma

Every year, the Russian Government publishes a document outlining its policy priorities in the areas of budgeting, taxation and customs for the next three years. Taxpayers now have an opportunity to study the draft plans for 2019-2021.

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Personal income tax on transactions made with bonds of external bond loans

Draft law No. 481297-7, which establishes a special procedure to determine the tax base for transactions made by individuals that involved bonds of external bond loans and also eliminates PIT accrual on exchange differences, has passed its first reading in the Russian State Duma.

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The review of letters of the Ministry of Finance

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