Analytics and brochures

The list of the most affected industries has been extended to include media outlets and production of printed products, as well as supporting space activities.

The Russian Federal Tax Service has published Letter No. ED -20-8/71@ dated 26 May 2020 extending the period of the suspension of enforced collection measures for tax arrears and for the provisional remedies until 1 July 2020. 

The Russian Federal Tax Service (the “Federal Tax Service”) has published Letters No. VD-4-17/7012@ dated 24 April 2020 and No. VD-4-17/8044@ dated 15 May 2020, which contain clarifications of issues relating to currency control in the conditions of the measures taken to prevent the spread of the coronavirus infection, including the timeframes for entities and individual entrepreneurs to submit reports concerning the movement of funds on foreign accounts. 

Pepeliaev Group advises that the Russian Ministry of Finance has issued explanations in which the regulatory body referred to the purpose of amendments being introduced into the Double Tax Treaties (“DTTs”) regarding the taxation of dividend and interest income.

The Russian Government’s Resolution No. 671 dated 13 May 2020 has been published, by which the measures for the temporary suspension of audits of compliance with currency legislation also cover audits performed by the customs authorities as currency control authorities.

Pepeliaev Group advises that the Russian Central Bank (the “Central Bank”) has adopted a new version of the Regulations “On the disclosure of information by issuers of securities” to improve and simplify the disclosure procedure