SCHNEIDER GROUP News

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

The consequences of the double tax treaty denunciation include increase of tax burden in respect of passive income paid in favour of Dutch residents.

Letter of the Federal tax Service of the RF of 12.02.2021 No. ShYu-4-13/1749 defines the shareholder activity, includes examples of such activity, outlines the key principles to be followed to differ the provision of intragroup services and the performance of shareholder’s functions.

The Federal Tax Service sent a letter dated 10.03.2021 N BV-4-7/3060@ to the territorial tax authorities, concerning, in particular, issues of countering tax avoidance and obtaining unjustified tax benefits.

From January 1, changes which increase the thresholds for assets and revenues for the assignment of a statutory audit came into force. Many companies that have not yet concluded an agreement with auditors have the opportunity not to conduct a statutory audit for 2020.