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
New VAT rules for goods sold via online trading platforms by foreign suppliers based in the EAEU
On 26 March 2024 the State Duma of Russia passed in the first reading Draft Law No. 564179-8 setting out a number of amendments to the Tax Code of the Russian Federation regarding the introduction of new VAT rules for sales of goods by foreign suppliers that are residents of the Eurasian Economic Union (EAEU) via online trading platforms (“OTPs”).
Appealing against customs authorities' decisions via the administrative procedure
The customs authorities are currently carrying out a large number of audits of foreign trade companies, both pre- and post-clearance, aimed at identifying violations of customs law.
Approval of the “black list” of countries for country-by-country reporting purposes
Order No. ED-7−17/915@ of the Federal Tax Service of 1 December 2023, which establishes a list of states (territories) which do not exchange country-by-country reports on a regular basis, was published on 11 January 2024.
Overview of sweeping changes to the transfer pricing rules
The second half of 2023 has yielded an abundance of possible amendments to the Tax Code of the Russian Federation aimed at enhancing tax control in relation to related party transactions. The B1 team has prepared an overview of expected changes to the transfer pricing rules.