The Ministry of#nbsp;Finance of#nbsp;the Russian Federation has prepared a#nbsp;draft Order approving a#nbsp;new list of#nbsp;offshore zones.
If#nbsp;the document is#nbsp;officially approved and published, the list will include 40 states and territories that provide preferential tax treatment and do#nbsp;not provide for disclosure and presentation of#nbsp;information during financial transactions, for example:
Australia
countries of#nbsp;the European Union and others.
Liechtenstein
United Arab Emirates
United Kingdom
USA
It#nbsp;is#nbsp;expected that the relevant Order will be#nbsp;applied to#nbsp;the tax periods 2024−2026 and will be#nbsp;valid for:
determination of#nbsp;the income tax base in#nbsp;accordance with paragraph three of#nbsp;subparagraph 11 of#nbsp;paragraph 1 of#nbsp;Article 251 of#nbsp;the Tax Code of#nbsp;the Russian Federation
the application of#nbsp;income tax rates in#nbsp;accordance with subparagraph 1 or#nbsp;1.1 of#nbsp;paragraph 3 of#nbsp;Article 284 of#nbsp;the Tax Code of#nbsp;the Russian Federation.
We#nbsp;remind you that companies can use a#nbsp;number of#nbsp;tax breaks (for example, on#nbsp;the payment of#nbsp;dividends by#nbsp;a#nbsp;foreign company) if#nbsp;the foreign organization is#nbsp;not registered in#nbsp;one of#nbsp;the states mentioned in#nbsp;the list of#nbsp;offshore zones, which the Ministry of#nbsp;Finance published back in#nbsp;June 2023. However, due to#nbsp;the growing tax burden on#nbsp;businesses, it#nbsp;was decided to#nbsp;approve a#nbsp;new List and reduce the number of#nbsp;countries.
For questions about the application of#nbsp;tax legislation, please contact Acsour experts.