Analytics and brochures

Pepeliaev Group advises that the Russian Government has extended by a month, until 28 April, the deadline for profit tax to be paid in advance. It was due to expire on 28 March.

The regulation of the activities of the SAR residents have been amended. A new law has been published that extends the list of tax benefits for international holding companies (“IHCs”) (Federal Law No. 66-FZ dated 26 March 2022). In addition, on 25 March 2022, Federal Law No. 18-FZ dated 25 February 2022 comes into force, which introduces additional requirements to apply tax benefits and provides for the possibility of obtaining the status of an ICH for Russian companies as well. We have considered the amendments proposed by these laws in aggregate and as completely interdependent.

Pepeliaev Group advises that, on 22 March 2022, the State Duma (the lower house of Russia’s parliament) passed the law containing a package of tax measures to support business.

On 22 March 2022 the Tverskoy District Court held Meta Platforms Inc. to be an extremist organisation and prohibited it from doing business in Russia.

Pepeliaev Group advises that, on 9 March 2022, a Federal Law came into effect to re-introduce a special procedure for initiating the criminal cases for which articles 198 to 199.2 of the Russian Criminal Code provide.

Pepeliaev Group advises that the Ministry of Economic Development, in accordance with the instructions of the Russian Government dated 8 March 2022, has prepared a draft law “On an external administration for the management of a company”.