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Senators Andrey Turchak and Irina Rukavishnikova, and deputy Alexander Hinstein have submitted a draft law to the Russian Government for review. The draft law proposes new administrative fines for operators failing to comply with the requirements of Federal Law No. 152-FZ “On personal data” dated 27 July 2006 (“152-FZ”). In addition, the draft law provides for an increase of current fines for non-compliance with the requirements for the processing of personal data.

Adopted and planned changes in the regulation of tax monitoring.

A distribution company (‘Distribution Co’) is incorporated in a free zone in the UAE. This zone is not included in the list of the designated zones. However, Distribution Co buys products and orders services from third parties to transport and store them in a UAE designated zone, and then distributes to the UAE mainland or abroad arranging delivery to the buyers (customers). Does this activity qualify for 0% Corporate Income Tax (CIT)?

On 4 August 2023 amendments were published to Federal law No. 89-FZ “On production and consumption waste” dated 24 June 1998.

On 31 July 2023, Federal Law No. 408-FZ dated 31 July 2023 was signed by the Russian President and published. The Law stipulates new requirements for owners (the ‘owners of information resources’) of websites and web pages, information systems and computer software (‘recommendation engines’) that use information technologies for supplying information after collecting, systematising and analysing data relating to preferences of Internet users located in Russia.

Pepeliaev Group advises of the implications of the Russian President’s Decree, suspending most of the articles of double tax treaties with ‘hostile’ states.