The Bank of Russia has extended the existing restrictions on withdrawing foreign currency from the bank accounts of individuals and companies until March 9, 2026. The relevant resolution has been published on the regulator’s website.  For individuals whose foreign currency account or deposit was opened before March 9, 2022, they are allowed to withdraw up […]

The Federal Tax Service of Russia has clarified the rules for calculating penalties when filing amended tax returns with additional payments after the statutory deadline. If the taxpayer has a positive balance on their Unified Tax Account (UTA) — that is, an overpayment of other taxes, fees, or insurance contributions — the penalty for late […]

The Russian Ministry of Finance has announced that the new Double Taxation Avoidance Agreement (DTAA) between Russia and the UAE has entered into force. The agreement will apply from January 1, 2026. From that date, residents of both countries will be able to benefit from preferential tax rates and other advantages of the treaty, provided […]

The roadmaps contain a list of measures to achieve the key performance indicators and their implementation timelines. Among other measures, amendments are planned to procedural legislation regarding establishing conditions for the recognition and enforcement of foreign court judgments in civil and commercial matters on the basis of the principle of reciprocity and/or international comity without […]

Currently Russians need a visa to enter Saudi Arabia, which can be issued in advance online or upon arrival at the airport. The visa allows Russian citizens to stay in the country for up to 90 days and is generallyvalid for 1 year.   Under the agreement visa requirements are waived for holders of all types […]

The Russian tax authorities have started active audits of individual incomes earned in so-called “unfriendly” countries, including European Union states and Switzerland.  The checks cover income for multiple tax periods — 2022, 2023, and 2024. The reason for this is the suspension of double taxation agreements (DTAs) with the specified countries, as well as the […]

The Russian Constitutional Court under the Ruling No 41-П dd 25.11.2025 declared unconstitutional the provisions of the Civil and Tax Code of Russia, stipulating that the price of a continuing contract changes due to change of VAT rate and additional remuneration is charged from the buyer, who cannot deduct such a tax.    The legislator is […]

The Ministry of Digital Development proposes expanding the digital profile of legal entities by adding nine new categories of data, including information from tax returns.  Specifically, this includes data on income of individual entrepreneurs under the simplified taxation system, excise tax returns, agricultural tax returns, property tax declarations, as well as information on insurance payments […]

The Federal Tax Service of Russia has issued detailed guidance for regional tax authorities on how to conduct desk (cameral) audits of amended tax returns that reduce the amount of tax due, including cases where taxpayers claim refunds from the budget. This applies to situations where such returns are filed more than three years after […]