About the webinar Artificial intelligence is increasingly used to solve professional tasks, including legal advice. However, using AI without understanding how it works may lead to mistakes and legal risks. Key topics: • AI as a tool for solving professional and legal tasks • How AI works: “to create” rather than “to find” • Which […]

According to Bloomberg, Italy is considering increasing the fixed tax on foreign income for wealthy foreigners relocating to the country under a favorable program from €200,000 to €300,000 per year — a 50% rise. This special tax regime allows new residents to be exempt from taxes on foreign income, gifts, and inheritance for 15 years, […]

The depository Euroclear has filed a motion with the Moscow Arbitration Court seeking to dismiss a lawsuit brought by a group of private investors demanding the unblocking of their assets. According to Euroclear’s position, the dispute does not fall within the jurisdiction of the Russian court and should be resolved out of court by the […]

About the webinar: A CEO, shareholder or beneficiary may become a defendant in a bankruptcy case. We will look at the situations where business debts turn into personal debts, who may be treated as a controlling person of the debtor and how to minimise the risk of being held liable. Key topics: • Controlling person […]

The Russian Government has submitted a major tax bill to the State Duma, proposing amendments to the Tax Code and several federal laws. We previously covered the planned reform of the tax exemption under paragraph 17.2 of Article 217 of the Tax Code— read more here. In the revised version of the draft law, the […]

The updated Navigator by the Bank of Russia is a convenient tool that allows you to quickly check what is permitted and what is restricted under the Presidential Decrees of the Russian Federation. You can download the new version here. The Navigator truly saves time when you need to quickly understand current requirements. However, if […]

Until March 31, 2026, it is prohibited:  for Russian citizens and non-resident individuals from friendly states – to transfer an amount equivalent to more than USD 1 million within a month  for non-resident individuals from unfriendly states not employed in Russia – to transfer funds abroad (non-resident individuals employed in Russia can transfer funds in […]

Taxpayers have started receiving notifications for the payment of transport, land and property taxes, as well as personal income tax (PIT) on interest from deposits in Russian banks for the 2024 tax year.  Please note that the tax exemption for income in the form of interest on deposits in Russian banks ceased to apply starting […]

In its letter dated September 3, 2025, No. АБ-4-19/8039@, the FTS emphasizes that, under the law, individual taxpayers may submit their declarations only through the following channels:  In person or through a representative at the tax office (IFNS).  Through a multifunctional center (MFC).  By postal mail with an inventory of enclosures.  In electronic form, including:  […]