Country News

Changes concerning VAT payment on e-services

Federal Law No. 323-FZ of 14 July 2022 amended the Russian Tax Code to restore the procedure under which Russian buyers purchasing electronic services from foreign suppliers must pay VAT to the Russian budget as tax agents.

Important updates to the Russian law on personal data protection

In less than a month, amendments to Law No. 152-FZ “On Personal Data” will come into force, which will affect almost every company.

Liberalisation of currency regulations

On 8 August 2022, the President of the Russian Federation issued Decree No. 529, which almost completely abolishes repatriation requirements.

Draft law on external administration submitted to the Russian Parliament

The group of Russian deputies has submitted the revised draft law on external administration to the Russian Parliament.

Sanctions on Russia. Practical implications for foreign businesses in Russia

Please find below the overview of the major sanctions imposed on Russia with our recommendations on risk mitigation.

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