Russia Lower House Considers Federal Budget Bill for 2021, Planned Period 2022-23

The Russian lower house of parliament (State Duma) Oct. 26 accepted for consideration Bill No. 1027743-7, the Federal Budget Bill for 2021, and Planned Period 2022-23. The bill includes tax measures related to: 1) a corporate income tax amendment due to amendments in DTAs; 2) an individual income tax amendment providing for a 15 percent tax rate on dividend and interest income paid to nonresidents; 3) an amendment providing the abolition of the VAT exemption for transactions implementing exclusive rights to electronic computer programs and databases not included in the Russian software register; 4) a mineral extraction tax increase for ...