SCHNEIDER GROUP News

From July 1, 2021, Federal Law No. 371-FZ dated 09.11.2020 will come into force, amending the Tax Code of the Russian Federation to regulate the procedure for the circulation of goods subject to traceability.

President of SCHNEIDER GROUP Ulf Schneider and Ambassador of the Republic of Uzbekistan Nabijon Kasimov discussed issues of attracting foreign investment and increasing the openness of the Republic of Uzbekistan for European companies.

Welcome to the regular SCHNEIDER GROUP newsletter with the selection of news and most important regional updates for Russia & CIS in January-February 2021.

In July 2019, Russia introduced a new law mandating the marking of consumer goods. The marking programme is being introduced on a phased basis, and by 2024, a single national marking system will cover all categories of consumer goods.

Starting on 01.01.2021, Russia  applied the Multilateral Convention of 24.11.2016 on the implementation of measures related to tax treaties in order to counter the erosion of the tax base and the withdrawal of profits from taxation (Base Erosion and Profit Shifting – BEPS). Amendments to a number of Double Taxation Treaties will also come into force.