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A Bill regarding controlled foreign companies taxation rules was adopted in the second and third readings.
DATE: November 19, 2014 | AUTHOR: atlawyers
A Bill regarding controlled foreign companies taxation rules was adopted in the second and third readings. Final version of the Bill was amended by the Budget and Taxation Committee of the RF State Duma. According to the amendments controlling persons include legal entities or individuals, participation of which in foreign entities constitutes more than 50% and after 2016 – more than 25%. The previous version of the Bill provided that the participation threshold in the amount of more than 25% would enter into force in 2017.