Unlabeled advertising costs cannot be deducted for profit tax purposes starting 2025 The new law also applies to expenses on advertising on prohibited social networks As of January 1, 2025, amendments to the Russian Tax Code come into force, which…
The election took place on November 21, 2024. Ms. Olga Grigorieva remains the Head of the Working Group, a role she has successfully held for the past two years. The Working Group on Accounting primarily organizes professional events for the...
Changes in the tax system of the Russian Federation may come into force from 2025. They propose a five-stage personal income tax scale, an increase in corporate profit tax rate to 25% and the cancellation of the zero tax rate…
Starting January 1, 2024, new rules for accounting for intangible assets (IA) introduced by the Federal Accounting Standard (FAS) 14/2022 “Intangible Assets” become mandatory. The currently applicable Russian Accounting Regulation “Accounting for Intangible Assets” (“PBU 14/2007”) is canceled with the…
On October 19, 2023, the Russian Government published a Resolution on measures to implement Presidential Decree No. 771 of October 11, 2023 on the mandatory sale of foreign currency revenue (the “Decree”). The Decree was signed on October 11, 2023…
Manufacturers and importers who do not dispose of certain product waste and packaging must pay the annual environmental fee and file special reports. Reporting must be submitted by March 31, 2023, the deadline for payment of the environmental fee for…
On Wednesday, 22.03.2023, at 15.00 CET, in cooperation with Deutsch-Eurasischer Wirtschaftsbund e.V., the following video meeting will take place (in German language). Topic: share sales, liquidity transfer, intercompany settlements, debt repayment, customs valuation, tax havens, DTTs, etc. Presentations will…
Almost all taxes, levies and contributions will need to be transferred to a single date to a special account. How the new system of payments and reporting is arranged, we will tell in the review. SUMMARY: all taxes and…
On 12 October 2022 the meeting of the Committee on Taxes and Financial Reporting of the German-Russian Chamber of Commerce was held, where the partner of KBK Accounting Ruslan Nizamov made a presentation on special aspects of accounting and tax…
Various benefits for Russian IT companies have been introduced in 2022 in order to develop and support the IT industry, which include the following: 0% corporate profit tax rate for 2022-2024. For Russian IT-companies the profit tax rate for the…
