On 25 September, the Federation Council approved a draft law implementing the Main Areas of Budgeting, Tax, Customs and Tariff Policy as well as BEPS Action 14 (Draft Law No. 720839-7). This Draft Law introduces major changes to both parts of the Tax Code of the Russian Federation (hereinafter referred to as the Tax Code).
In our tax publications, we have been informing you of proposed changes, starting from the date when the Draft Law was sent to the State Duma. Please note that multiple amendments have been made to the final version of the Draft Law and at present the key changes to the Tax Code are as enlisted in the document attached.
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