Analytics and brochures

Pepeliaev Group advises that on 31 March 2020 the Russian Ministry of Finance sent Letter No. 03-08-06/25267 to the Cyprus Ministry of Finance through diplomatic channels. The Letter contains a draft of the Protocol to the Double Taxation Treaty that provides for a significant amendment of the taxation procedure with respect to dividend and interest income.

Pepeliaev Group advises that the tax return campaign for individuals has been extended for 3 months.

• May the current situation be regarded as force majeure and how can parties to a lease use their opportunities in practice?
• How to ensure safety and outline the rules of the game for those involved in the real estate market and for regulators? How are the landlord and tenant held liable if any adverse incidents are identified in office premises?
• What kind of lease agreement may protect tenants in future if business processes are changed?
• Which factors will ensure sustainable business in the area of commercial real estate for investors and developers?

Pepeliaev Group advises that the Russian President has signed Federal Law No. 73-FZ dated 1 April 2020 to amend the Russian Criminal Code concerning liability for tax and currency crimes.

Pepeliaev Group informs you about the procedure and conditions for the granting of deferred payments of rent under lease agreements of real estate and in connection with the outbreak of the coronavirus infection.