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Movable property

28 May, 2021

In a ruling on the Yug-Novy Vek case, the Russian Supreme Court has formulated a method for qualifying property as movable (and thus non-taxable for organisations) and has reiterated its ruling from the Lesozavod 25 case from mid-2019.

The new ruling highlights a gap in Russian tax legislation, even if the courts should not be doing the work of legislators. That said, we do not expect to see amendments to the clauses covering movable property in the Russian Tax Code (RTC) in the near future. Let’s analyse the latest legal developments.

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Raisa Aleksakhina

Raisa Aleksakhina

Partner PwC Legal, Head of Dispute Resolution with Public Authorities, PwC Russia

Tel: +7 (495) 232 5429

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