Industry News

Fine tuning of Russian thin capitalization rules

Riga, Latvia, June 29, 2015, 15:20 / Industry News / Jurisdiction: Russian Federation

The draft federal law introducing amendments to the thin capitalization rules in Russia has passed the first reading in the Russian Parliament’s lower chamber. This document is in the early stages of the legislative process; it has two more readings to pass. Then it should be approved by Parliament’s upper chamber and by Russia’s President. The draft law likely will be enacted; legislators have tried to correct the thin capitalization rules several times. This time their attempt should be realized.

Russia sets new terms to report on controlled foreign companies

Riga, Latvia, March 30, 2015, 11:30 / Industry News / Jurisdiction: Russian Federation

According to the Ministry of Finance, in Russia the deadline to report on controlled foreign companies will be postponed from 1 April until 15 June, announced the Finance Minister Anton Siluanov.

Business may be granted a delay until autumn in respect of “anti-offshore law”

Riga, Latvia, March 2, 2015, 12:00 / Industry News / Jurisdiction: Russian Federation

The authorities may prolong from 1 April to 1 September the deadline for taxpayers to report assets in foreign companies. Earlier, business representatives asked for a delay for an “anti-offshore law” until the end of 2016.

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