Analytics and brochures

Pepeliaev Group reports that the Presidium of the Supreme Russian Arbitration Court has published its Resolution No. 2676/12, dated 21 June 2012, which permits all taxpayers, irrespective of their economic activities, not to account separately for input VAT if the share of non-VATable operations completed before October 2011 is insignificant (para. 9, article 170(4) of the Russian Tax Code of Russia).

Pepeliaev Group advises that on 12 July 2012 a Resolution of the Plenum of the Russian Supreme Arbitration Court (the “SAC”) was published. It clarifies how provisions concerning a guarantee should be applied when cases are considered by courts, as well as when bankruptcy cases are considered.

Law firm Pepeliaev Group reports that the Federal Tax Service of the Russian Federation has approved the documents which taxpayers will need in order to submit notifications of transactions that are subject to special control under the transfer pricing laws.

Pepeliaev Group advises that the Leningrad Region legislation regarding tax benefits for investors is to undergo significant amendment.

Pepeliaev Group advises that Resolution No. 2341/12 of the Supreme Arbitration Court dated 3 July 2012 has been handed down.  It clarifies the application of article 31(1)(7) of the Russian Tax Code for the calculation of profit tax with ‘problematical suppliers’.