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Changes in the Tax Code of the Russian Federation: advanced pricing agreements and other issues

KPMG Review

KPMG Review

On 10 February 2021, the Federation Council approved draft law No. 1025680-7 "On Amendments to Part One of the RF Tax Code in Terms of Improving the Tax Control over Prices and the Procedure for Concluding an Advanced Pricing Agreement" (hereinafter referred to as the Draft Law) adopted in the final – third reading by the State Duma on 27 January 2021.

The Draft Law is intended to improve the procedure of concluding advanced pricing agreements (hereinafter referred to as APA), to clarify the conditions for recognizing transactions as controlled and to introduce other specific amendments to the RF Tax Code.

For more details please download the pdf file below.