Author

Maxim Kalinin

Browsing

In brief Russian B2B purchasers should self-assess and pay to the Russian budget VAT on electronically supplied services (ESS) purchased from foreign vendors.  This is an official recommendation of the Federal Tax Service of Russia (FTS).1 In detail Under the current Russian VAT regime on B2B ESS, foreign ESS vendors must collect and directly pay VAT to the Russian budget. The FTS recommendations appear to allow facilitating the VAT payment in cases when making a…

The Russian Government has adopted a decree[1] which will allow local companies and individuals to use inventions, utility models and industrial designs held by owners from “unfriendly countries” without their consent and without paying any compensation. The decree relies on the provisions in the Russian Civil Code which give the government the right, in case of extreme necessity associated with supporting the defense and safety of the state, the protection of citizens’ life and health,…

From 2 March 2022, Russia introduced special rules for real estate transactions with foreign legal entities and individuals associated with foreign states that adopted measures targeting Russian legal entities and individuals (“Foreign States”): Russian residents may carry out transactions resulting in the change of ownership of real estate assets with (a) the counterparties from the Foreign States and (b) with persons, including Russian and non-Russian legal entities, controlled by such counterparties, only upon obtaining a…

On 4 June 2018, President Putin signed the Federal Law “On Measures (Countermeasures) in Response to Unfriendly Actions of the USA and (or) other Foreign States” (the “Law on Countersanctions”). The Law on Countersanctions entered into force on the date of its publication (i.e., on 4 June 2018). Specifically, the Law on Countersanctions includes the following potential countermeasures: Suspension or termination of international cooperation of Russia and Russian legal entities with (i) unamicable states, (ii)…