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Daily Tax Report: International

Russia Gazettes Law Implementing Tax Overhaul Measures of 2019 Budget Package

Oct. 9, 2019, 6:48 PM

The Russian Official Gazette Sept. 29 published a law implementing tax overhaul measures announced in the 2019 budget package. The law includes measures: 1) amending provisions for valuing intangible assets for transfer pricing purposes; 2) implementing amendments for mutual agreement procedures (MAP) to resolve transfer pricing and DTA disputes; 3) clarifying expense deduction rules for controlled foreign corporations (CFCs); 4) establishing a special procedure for loss accounting in corporate reorganizations; 5) establishing a three year statute of limitations for refund claims on overpaid corporate income taxes; 6) amending procedures for asset amortization and depreciation; and 7) requiring VAT obligation continuity...

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