Mondaq All Regions - Russian Federation: Wealth Management
Elias Neocleous & Co LLC
he Russian government has increased efforts to combat tax base erosion by discouraging the use of offshore jurisdictions to mitigate tax liability.
Elias Neocleous & Co LLC
Russia's Tax Code includes thin capitalisation rules which limit or disallow the deduction of interest paid by a Russian company which fails to meet the prescribed debt-to-equity ratio.
Elias Neocleous & Co LLC
On 8 December 2010 the Moscow State Commercial Court decided that the collection of information by Bloomberg LP's representative office in Moscow resulted in the creation of a permanent establishment under Russian law and the double tax treaty between Russia and the United States.
Elias Neocleous & Co LLC
This special issue of our newsletter outlines two recent cases in the Russian courts which potentially affect clients doing business in Russia and which highlight the importance of thorough planning and careful, detailed practical implementation of tax-effective structures, so as to avoid unforeseen and unwelcome consequences.
There is plenty of potential for Guernsey to increase business flows with Russia, according to the team from the Island’s finance industry which visited Moscow last week.
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