Analytics and brochures

Pepeliaev Group advises that a Federal Law has been enacted, enabling Russian banks and factoring companies to offer Russian clients financing services involving the assignment of receivables (factoring) under foreign trade contracts.

Pepeliaev Group advises that Russian Constitutional Court has held that article 162 of the Russian Tax Code, which in fact establishes double VAT on insurance payouts that a supplier of goods (work, services) receives under a contract insuring default by the buyer, was inconsistent with Russian Constitution.

Pepeliaev Group advises that starting from 1 June 2015 article 317.1 of the Civil Code regarding interest on a monetary obligation has come into effect 

At the federal level, the industry agreement has been adopted which sets additional obligations and automatically extends to companies in radio and electronics industry in Russia. To refuse to join the agreement, a well-grounded refusal should be submitted to the Russian Ministry of Labour and Social Protection (the 'Ministry of Labour') by 1 July 2015

Pepeliaev Group advises that decisions have been taken which were needed for the law on 'tax repatriation' (in effect from 2015) to take full force:
1) the procedure and the time frames have been set for the 'offshore amnesty';
2) clarifying amendments have been made to the law on 'tax repatriation';
3) a form of a notice of a participation interest in foreign entities has been approved. In respect of
an existing participation interest, such notice was to be filed by 15 June 2015.