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On July, 30th, Russian Supreme Arbitrazh Court has adopted draft Decrees of its Plenum (binding for Arbitrazh Courts) on application of certain Russian Tax Code provisions and Chapter III.1 of Federal law “On insolvency (bankruptcy)”.

DATE: August 9, 2013 | AUTHOR: atlawyers

Sufficient changes were made in respect to the procedure of challenging of pre-bankruptcy transactions. In respect to tax legislation it was held that a Russian company being a tax agent for a foreign taxpayer which failed to withheld tax may be liable for tax arrears, as contrasted to general rule whereunder a tax agent for a domestic taxpayer is only liable for tax penalties and interest.

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