New procedure for obtaining the status of a tax resident of the Russian Federation was established in 2020
According to Amendments in Tax Code, entered into force, an individual who spent 90 to 182 calendar days in the Russian Federation is considered as a tax resident.
The Ministry of Finance of Russia begins to denounce the Agreement on the avoidance of double taxation with the Republic of Cyprus
The Ministry of Finance of Russia informs that the Russian Federation and Cyprus did not manage to come up with common decision about changes in the Agreement on the avoidance of double taxation. Due to that, Russia is going to denounce this Agreement.
For several years, the Russian Federation and Belarus didn’t come up with decision about transition to a common currency. Nowadays the situation may be changed.
Both Russian and foreign companies can operate within the territory of the Russian Federation. Any chosen form of operation of a foreign business in Russia has its own tax consequences, so it is of utmost importance to choose the most appropriate and advantageous operations model.