Tax Messenger
Summaries of key tax and legal developments in legislation and case law and the latest issues affecting human resource management, prepared by B1's experts in Russia
The business splitting amnesty: uncertainties arising from the bill
On 3 June 2024 the Ministry of Finance of Russia presented the State Duma with a bill amending Parts One and Two of the Tax Code of the Russian Federation and certain other legislative acts of the Russian Federation, which includes, among other things, a proposal to grant an exemption from taxes, fines and penalties for offences relating to business splitting that were discovered over the period 2022-2024.
06.06.2024
Be prepared: medium-term tax trends for high-tech companies in light of the amendments announced in spring 2024
On 3 June 2024 a bill outlining sweeping tax reforms was submitted to the State Duma. B1 has already covered the key points of the bill, and is now turning its attention to the trends and issues emerging from its provisions as well as other important developments affecting the high-tech sector.
04.06.2024
VAT for STS users: life will never be quite the same
On 28 May 2024 the Ministry of Finance of Russia published Bill No. 01-06-12/03-49115 containing extensive amendments to the Tax Code of the Russian Federation regarding the calculation and payment of VAT by taxpayers that apply the simplified taxation system and the implementation of an amnesty for “business splitting”. On 3 June 2024 the Bill was submitted to the Budget and Taxes Committee of the State Duma. It is expected to be considered during June 2024.
04.06.2024
Tax reforms – a roundup of the Finance Ministry’s key proposals
On 28 May 2024 the Ministry of Finance presented the Government with a bill setting out a range of amendments to the Tax Code of the Russian Federation.
30.05.2024
New UAE FTA Corporate Tax Guide for investment funds and investment managers
The UAE Federal Tax Authority has released a corporate tax guide CTGIFM1 on Investment Funds and Investment Managers. The Guide discusses in detail how the corporate tax law should apply to investment funds, investors, and investment managers.
14.05.2024