The Ministry of Finance of Russia clarified that individuals do not have the right to receive an investment tax deduction under subparagraph 2 of paragraph 1 of Article 219.1 of the Russian Tax Code in the event of a broker’s liquidation, even if all conditions for granting the deduction are met.  Accordingly, to protect taxpayers’ […]

A new online service, “My OKVED,” has been launched on the website of the Federal Tax Service of Russia to help entrepreneurs and companies accurately select OKVED (All-Russian Classifier of Economic Activities) codes for registration purposes.  The service offers a convenient search mechanism, including “package solutions” – pre-prepared sets of OKVED codes developed by the […]

As of January 15, the Federal Tax Service of Russia has updated the form and format of the request for an extract from the Unified State Register of Taxpayers (USRTP).  The new form allows applicants to specify the conditions for generating the extract. Depending on their purpose, taxpayers may select the set of information they […]

The Russian Ministry of Finance has drafted amendments to the law “On Auditing Activity” that would remove the requirement for mandatory audits of financial statements for personal and international personal funds.  Currently, such funds must undergo an audit if their annual income exceeds RUB 3 million. The proposal suggests retaining mandatory audits only for public […]

The relevant notice published by the European Commission appeared in the Official Journal of the Council of the European Union and entered into force 20 days after its publication. Inclusion in the list obliges EU financial institutions to apply enhanced due diligence to all transactions related to Russia and to introduce additional risk-mitigation measures.  The […]

Recently, it was announced that the UAE has been removed from the so-called “black list” of the Russian Ministry of Finance. This raised questions as to whether this change implies the launch of automatic exchange of information.  The short answer is no. Automatic exchange of information between the UAE and Russia has been in place […]

Since 2025, AGMS can only be held in the form of a personal meeting (including personal meetings where personal voting is combined with absentee voting).   When holding a GMS in the form of a personal meeting, the fact of decision-making and the composition of shareholders who participated in the voting shall be certified by notary […]

In accordance with the Federal Laws on JSCs and LLCs, companies are obliged to hold annual general meetings of shareholders/participants:   in the period from March 1 to June 30 – for JSCs;   in the period from March 1 to April 30 – for LLCs,  unless other term is stipulated by the Charter.  Annual meetings are […]

The Russian Ministry of Foreign Affairs has prepared a draft law requiring Russian citizens to notify the authorities of the acquisition of foreign citizenship or a residence permit within 60 days from the date of issuance, regardless of whether they reside in Russia or abroad. Currently, Russian citizens are required to submit such notification within […]