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).
Today we discuss the case of AO Melnik.
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.
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.
The bill polishing tax legislation has passed its third reading in the State Duma.
The new tax will likely come into force next year. It replaces income tax for hydrocarbon producers and significantly reduces Mineral Resources Extraction Tax (MRET) for certain subsurface sites.
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.
The State Duma will consider a set of bills that will establish special administrative regions on Russky Island in the Primorsky Region and on Oktyabrsky Island in the Kaliningrad Region.
Review of the latest letters from the Russian Ministry of Finance, PwC Russia.
Review of the latest letters from the Russian Ministry of Finance. Issue No. 3, May 2018, PwC Russia.
Review of the latest letters from the Russian Ministry of Finance. Issue No. 2, March 2018, PwC Russia.
Review of the latest letters from the Russian Ministry of Finance. Issue No. 7, December, PwC Russia.
Review of the latest letters from the Russian Ministry of Finance. Issue No. 6, November, PwC Russia.
Review of the latest letters from the Russian Ministry of Finance. Issue No. 5, September, PwC Russia.
Yana Zoloeva
Partner, Russia Tax and Legal Leader
Tel: +7 (495) 967 6152
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Kristina Krsheminskaya
Head of Marketing and Business Development, Tax and Legal Services
Tel: +7 (495) 967 6046
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