SEAMLESS Legal | Russia | 30 Nov 2012
On 6 November 2012, the Presidium of the Supreme Commercial Court of the Russian Federation (the "SCC") tried a case in which it needed to rule on whether a transaction should be declared invalid.
SEAMLESS Legal | Russia | 30 Nov 2012
On 17 October 2012, the Federal Commercial Court of the Moscow District (the "FCC") reviewed a case on the possibility of deducting VAT beyond the tax period in which the right of the taxpayer to such deduction arose.
SEAMLESS Legal | Russia | 30 Nov 2012
In a letter dated 22 October 2012, the Federal Tax Service of the Russian Federation (the "FTS") provides details of an act, which from 1 August 2012 amends article 76 of the Tax Code of the Russian Federation.
SEAMLESS Legal | Russia | 30 Nov 2012
In a letter dated 24 October 2012, the Federal Tax Service of the Russian Federation (the "FTS") clarified that sums of VAT which are not withheld and not paid by tax agents must be reflected as tax arrears in the decision on imposition (or non-imposition) of sanctions for the commission of a tax offence.
SEAMLESS Legal | Cyprus, Russia | 30 Nov 2012
Cyprus was removed from the black list of offshore areas providing preferential tax treatment and/or not providing disclosure and reporting data on financial operations (the "List").
SEAMLESS Legal | Russia | 30 Nov 2012
In a letter dated 17 August 2012, the Ministry of Finance of the Russian Federation (the "Ministry") commented on how to accrue depreciation on fixed assets.
SEAMLESS Legal | Russia | 30 Nov 2012
On 25 September 2012, the Federal Commercial Court of the Central District (the "FCC") considered a case concerning the period in which a taxpayer can allocate to expenses sums of interest accrued.
SEAMLESS Legal | Russia | 31 Oct 2012
In a ruling dated 2 August 2012, the Federal Commercial Court of Uralsky district (the “FCC”) held an organisation liable despite the latter’s compliance with a tax authority's clarifications.
SEAMLESS Legal | Russia | 31 Oct 2012
In a letter dated 18 September 2012, the Federal Tax Service of the Russian Federation (the “FTS”) commented on the qualification of premium or remuneration paid by the seller of goods to the buyer for achieving a purchase target threshold.
SEAMLESS Legal | Argentina, Latvia, Russia, etc. | 31 Oct 2012
Russia has ratified the treaties on avoidance of double taxation with Argentina and Latvia as well as a Protocol to the treaty on avoidance of double taxation with Switzerland (the “Protocol”).