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A law has been passed which improves the procedure for taxing residents of special economic zones, priority development areas, and of the Free Port of Vladivostok.

The Russian Government has submitted to the State Duma draft law No. 448566-8 concerning the return of a number of tax benefits to business which were in effect before certain provisions were suspended of double taxation treaties with a number of countries.

The Russian President has signed a law regarding the one-off 10% tax on the excess profit of big business.

The Russian President has signed a Federal Law introducing large-scale amendments to the Tax Code.

Russia and Oman have signed a convention for the avoidance of double taxation with respect to taxes on income between the countries.

A charge is being introduced in the event of transactions with securities acquired from non-residents.