Analytics and brochures

As we previously advised, Russian lawmakers continue to adopt regulations aimed at clearly defining the circle of not-for-profit and religious organisations to which property can be transferred for no fee and when relevant costs can be deducted for profit tax purposes.

Pepeliaev Group advises that Federal Law No. 187-FZ dated 23 June 2020 “On amending the Russian Code of Administrative Offences” has been adopted.

Pepeliaev Group advises of potential amendments to the legislation on procurement.

Yesterday the Russian Ministry of Finance published on the government’s portal information that the development and discussion has started with regard to a draft law to denounce the Convention between Russian Government and Government of Malta for the avoidance of double taxation from 1 January 2021. 

On 23 June the President addressed the public regarding new initiatives to amend tax legislation. Please find below the specified initiatives with our comments.

Pepeliaev Group advises that on 20 June 2020, by its Resolution No. 894, the Russian Government amended the rules that it had previously issued with respect to subsidies being granted to small and medium-sized enterprises (SMEs) from the most affected sectors in the amount of one minimum monthly wage per employee.