Companies whose employees spend vacation in Russia could be exempt from profit taxCompanies providing their employees with vacation opportunities in Russia could be exempt from corporate profit tax, the official website of the lower house of parliament announced Thursday.16:53 03.07.2014
Putin signs law on providing information by Russian banks under FATCA statuteRussian President Vladimir Putin has signed a law to allow Russian financial institutions to provide information about US taxpayers and to oblige foreign financial institutions to report Russian taxpayers to Russia’s Federal Tax Service. The document has been posted on the government website of legal information.12:47 30.06.2014
Tax and investigative agencies coordinate amendments on tax crimesRussia’s Federal Tax Service and the Investigative Committee have worked together on amendments to the Criminal Procedural Code that would allow investigators to open cases without Federal Tax Service authorization, Vedomosti newspaper writes on Friday.11:47 20.06.2014
State Duma adopts bill on providing information by Russian banks under FATCA statuteThe State Duma on Tuesday adopted in the first reading a bill to allow Russian financial institutions to provide information about US taxpayers and to oblige foreign financial institutions to report Russian taxpayers to Russia’s Federal Tax Service.16:15 17.06.2014
Tax officials could be fined for damages and losses they cause to taxpayersTax officials could be fined for damages and losses they have caused to innocent individuals, read the amendments to the Administrative Offenses Code that were submitted to the State Duma on Monday, the lower house has written on its website.14:57 09.06.2014
Ex-senator charged in Moscow with $52 mln embezzlementBusinessman Alexander Sabadash, a former member of the Russian parliament’s upper house, has been charged with the attempted embezzlement of 1.8 billion rubles ($52 million) in the form of VAT refund, official spokesman for the Investigative Committee Vladimir Markin told journalists.13:15 22.05.2014
McDonald’s appeals recovery of $230k for breach of contract obligations in RussiaMcDonald’s has appealed against a ruling ordering it to pay about 8 million rubles ($229,365) in debt and penalties to six Russian businessmen for failing to make lease payments, RAPSI learned in the Moscow Region Commercial Court on Wednesday.16:13 14.05.2014
Russian banks will be able to provide information under FATCA statuteThe Russian government has approved a bill to allow Russian financial institutions to provide information about US taxpayers and to oblige foreign financial institutions to report Russian taxpayers to Russia’s Federal Tax Service, reads a statement on the government’s website.12:40 14.05.2014
McDonald’s loses $224,000 suit over contractual obligations in RussiaThe Moscow Region Commercial Court has ruled in favor of six Russian businessmen who sought to collect about 8 million rubles (over $224,000) in debt and penalties from McDonald’s for failing to make lease payments.17:06 23.04.2014
Polish court postpones extradition hearing on Russian “amber king”The District Court in Gdansk has postponed the hearing of the request for the extradition of Viktor Bogdan, known as the “Amber King” of Russia’s Kaliningrad Region, until May 13, the court’s press secretary, Tomasz Adamski, told RIA Novosti.13:47 23.04.2014
Crimea flights to be VAT-free from June 1President Vladimir Putin signed a directive Tuesday that would exempt roundtrip passenger flights to the Crimean Federal District from VAT (value-added tax) starting June 1, 2014, the Kremlin Press Service reports.13:32 22.04.2014
Tax crime statute of limitations could be increased to 10 yearsAccording to draft amendments to the Russian Tax Code, the statute of limitations for tax crimes could be increased from three to ten years. In December 2013, the State Duma (lower house) adopted a presidential bill in the first reading that gives investigators the power to open tax cases without considering the opinion of the tax authorities.10:44 21.04.2014
Finance Ministry to help banks reduce risk of sanctions related to FATCAThe Finance Ministry has drafted amendments to allow Russian banks to directly report to the US Internal Revenue Service (IRS) about their American clients’ accounts and transactions without violating Russian legislation, and also to close the accounts of those who refuse to disclose this information.11:16 10.04.2014
Defendants in US case on $230 mln Russian tax fraud move to dismiss, againrguing that a complaint filed by US prosecutors over a Russian tax fraud scheme allegedly linked to the death of Sergei Magnitsky lacks any merit, defendants filed a new motion to dismiss.14:36 24.03.2014
Pointing to “Russian oligarchs,” London mayor suggests higher taxes – reportSpeaking before members of the UK Parliament’s Communities and Local Government Committee, London Mayor Boris Johnson made direct reference to the “Russian oligarchs” in suggesting that higher levels of council tax should be considered for those among Britain’s wealthiest residents, The Telegraph UK reported Monday.17:51 04.03.2014
UK did not violate rights of Mormon Church in denying tax exemption – ECHRThe United Kingdom did not violate the rights of the Mormon Church by denying its request for a property-tax exemption, the European Court of Human Rights (ECHR) held Tuesday.17:32 04.03.2014
Bill on private duty-free delivery regulation submitted to State DumaA bill giving the Russian Government the power to regulate the duty-free delivery of parcels containing private use goods has been submitted to the State Duma , according to the official website of the lower house of parliament.10:57 04.03.2014
Russian lawyer charged with $110 mln tax return theftInvestigators have charged a St. Petersburg-based attorney Alexander Shved with running an organized criminal enterprise and conspiracy to steal 4 billion rubles ($110 mln), official spokesman for the Russian Investigative Committee Vladimir Markin told the press on Monday.10:35 03.03.2014
Luxembourg: on-shore financial center with a commitment to privacyRAPSI interviewed experts from Luxembourg’s leading independent business law firm – Arendt & Medernach. Our guests included Alain Goebel, a partner in the firm’s tax law practice, and Alexander Sokolov, Vice-Head of the firm’s Moscow Representative office.18:00 28.02.2014
Russian government approves bill to regulate private duty-free deliveryThe Russian government has approved a bill giving it the power to regulate the duty-free delivery of parcels containing private use goods, reads a statement on the government’s website.14:11 28.02.2014