Russia, Gorodissky & Partners updates

Corporate Tax

Contributed by Gorodissky & Partners
Russia revises double tax avoidance agreements with numerous countries
  • Russia
  • 18 September 2020

In 2020 Russia launched an intensive process of revising its bilateral tax agreements with numerous jurisdictions. According to the Cyprus minister of finance and the Russian Ministry of Finance, significant amendments to the double tax avoidance agreement between Russia and Cyprus were agreed in August 2020. The most important amendment is the increase in the tax rate levied on the payment of dividends and borrowed money.

New tax relief for IT industry
  • Russia
  • 17 July 2020

President Vladimir Putin recently announced the next set of measures to amend tax legislation to help the Russian economy overcome the crisis caused by the COVID-19 pandemic. Most of the new tax changes relate to companies in the IT industry, for which a so-called 'tax manoeuvre' has been proposed in order to significantly reduce the corporate income tax rate for such companies from 20% to 3%.

Tax measures to support businesses during СOVID-19 pandemic
  • Russia
  • 01 May 2020

The COVID-19 pandemic and the measures taken to combat it will have a significant impact on both the global and Russian economies. The government has taken a number of measures to stop the spread of the virus, such as suspending the activities of most Russian businesses, including service providers, from 27 March until 30 April 2020. As such, the government has also had to adopt a comprehensive support programme for affected businesses.

Calculating share of Russian immovable property for corporate income tax purposes
  • Russia
  • 21 February 2020

At the end of 2019, the Federal Tax Service issued clarifications on calculating the share of Russian immovable property in the indirect sale of such property for corporate income tax purposes. The clarifications are especially relevant as the Russian tax authorities' powers have grown following the signing and ratification of a number of international agreements on the exchange of tax information in recent years.

Main changes to company taxation in 2020
  • Russia
  • 13 December 2019

Over the past year, Parliament has adopted several laws amending the Tax Code regarding the taxation of legal entities. This article examines the most significant tax innovations expected in the corporate sector in 2020 which concern corporate income tax, transport and land taxes and changes in tax administration rules.


Tech, Data, Telecoms & Media

Contributed by Gorodissky & Partners
New tax relief for IT industry
  • Russia
  • 17 July 2020

President Vladimir Putin recently announced the next set of measures to amend tax legislation to help the Russian economy overcome the crisis caused by the COVID-19 pandemic. Most of the new tax changes relate to companies in the IT industry, for which a so-called 'tax manoeuvre' has been proposed in order to significantly reduce the corporate income tax rate for such companies from 20% to 3%.

New rules and procedures for blocking mobile apps distributing pirated content
  • Russia
  • 10 July 2020

Recent amendments to the Information Law aim to tackle the issue of mobile apps and e-platforms that distribute pirated content which infringes copyright and related rights. This article examines upcoming amendments and highlights the new enforcement possibilities that will be available to rights holders in Russia. The changes will also be relevant for businesses that own and operate mobile apps, which should consider the associated risks if their mobile apps contain pirated content.

Draft Big Data law provides clues of what to expect
  • Russia
  • 08 May 2020

Although the term 'Big Data' is now common, no Russian legal provision deals expressly with the processing of such data. Various legislative initiatives have attempted to introduce a specific legal framework in this regard, including a recent draft law which aims to create a specific legal regime for Big Data processing. Although the draft law received negative feedback from the government, it is useful to consider the Ministry of Digital Development, Communications and Mass Media's approach when shaping it.

Regulator clarifies key aspects of trademark use in keywords
  • Russia
  • 13 December 2019

Keywords play an important role in e-marketing. After typing a specific product name, company name or brand in a search engine, potential customers and users may view specific offers and data, including ads. Further, the list of offers may represent certain keywords selected by an advertiser. Unsurprisingly, the selection and reproduction of designations as keywords can trigger various trademark use concerns that inevitably lead to enforcement issues.

Federal Anti-monopoly Service clarifies role of online messenger systems in advertising
  • Russia
  • 12 July 2019

Advertisers are increasingly using online messenger systems to promote businesses, as well as their goods and services. In this context, the Federal Anti-monopoly Service recently issued an official letter clarifying, among other things, the application of the Federal Law on Advertising to messenger systems such as Viber and WhatsApp. The letter is notable as it reveals the regulator's approach to advertising campaigns disseminated via various instant messaging services.


Current search

Refine search

Work area