Law on taxation of foreign companies signed

Article

Law on taxation of foreign companies signed

27 November 2014

On 24 November 2014, Federal Law № 376-FZ “On amending Parts I and II of the Russian Federation Tax Code (in respect of taxation of the profits of controlled foreign companies)” (hereinafter - the "Law") was signed by the President of the Russian Federation.

This Law, which will enter into force as of 1 January 2015, will introduce in the legislation a package of measures aimed at ensuring a "deoffshorisation" of the Russian economy and, as such, new rules regarding the taxation of income derived by foreign companies. 

Law on taxation of foreign companies signed

Back to Tax

Did you find this useful?