The procedure for obtaining a tax deduction has become simpler. Now, you can apply for a deduction not only by submitting a tax return using Form 3-NDFL but also through a simplified process via the online service “Personal Taxpayer Account for Individuals.”  Under the simplified procedure, in accordance with Article 221.1 of the Tax Code […]

In its official clarification dated April 8, 2025, No. 03-03-06/3/34620, the Ministry states that, according to Article 250 of the Russian Tax Code, non-operating income included in the corporate income tax base includes, among other things, income in the form of gratuitously received assets (work, services), or property rights, except in cases specified in Article […]

Significant amendments are planned to the rules governing the five-year personal income tax (PIT) exemption on the sale of securities and shares held for more than five years (paragraph 17.2, Article 217 of the Russian Tax Code). The proposed legislation would considerably narrow the range of cases eligible for this tax exemption. It is planned […]

Amendments to the Resolution of the Moscow Region Government No. 639/16 dated May 2, 2012, have come into effect, changing the procedure for determining the buyout price of land plots owned by the region or held in undivided state ownership. Under the new rules, if a building, structure, or premises located on a land plot […]

Since May 23, 2025, new rules for granting qualified investor status to individuals will come into force in Russia. The key change is the ability to obtain the status not only based on individual criteria but also through combinations of them. The traditional standalone criteria remain in place: having a financial education or academic degree, […]

In addition to personal and declarable account details, the report also includes: balance on January 01, 2023. sum of all deposits to the account for 2023. sum of all expenses (“debits”) on the account for 2023. balance on December 31, 2023. If there is also a brokerage account, the report shall contain information on such […]

Since May 2, amendments to the Federal Law “On Control over the Activities of Persons Under Foreign Influence” have taken effect. Now, individuals and organizations can be designated as “foreign agents” not only for receiving foreign funding but also for: · Assisting in the implementation of decisions of international organizations (in which Russia does not […]

The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has extended the general license allowing foreign companies to pay Russian taxes until July 9, 2024. Previously, this option was available until April 9. The license applies to companies controlled by U.S. citizens and allows them to pay taxes, fees, and […]

Starting from November 1, 2024, legal entities and individual entrepreneurs engaged in cryptocurrency mining in Russia must register in the FTS registry. Individuals are exempt from registration if their electricity consumption does not exceed 6,000 kWh per month. All miners are required to report on their mined cryptocurrency monthly. Cryptocurrency rates on the FTS website […]