Home Europe Russia

Russia

Russia: COVID-19 Related Insurance Update and Invitation to Participate in the Poll

0
COVID-19 pandemics has triggered insurance claims based on business interruption and other relevant policies all over the world. In this alert we would like to:invite you to participate in a poll aimed to examine policyholders' experience in dealing with pandemics-related insurance; inform you on the recent UK Supreme Court landmark judgment regarding application of business interruption policies coverage to the COVID-19 related financial losses; and update you on some developments in Russia regarding insurance coverage of the COVID-19 related financial losses.

Russia Taking a Stand in Global Hydrogen Race

0
The global drive towards decarbonization of the global economy plays an increasingly significant role in Russia's strategy for development of its energy and other...

Europe: Post-COVID-19 Cross-border remote working: managing tax risks

0
The pandemic has impacted our lives in many ways, but for many of us, one of the most affected areas has certainly been work.COVID-19...

Russia: Corporate Anti-Corruption Enforcement Trends

0
Baker McKenzie's newest report, Russia: Corporate Anti-Corruption Enforcement Trends, aims to provide both international companies operating in Russia and Russian businesses with an international footprint...

Russian Federation: Tax amendments affecting dividends paid via foreign companies

0
New amendments to the Russian Tax Code1 ("Law") will allow individuals to reduce the Russian individual income tax on profit distributions from foreign companies and unincorporated vehicles (e.g., trusts) sourced from dividends originally paid by Russian companies that are subject to Russian withholding tax ("indirect tax credit").The Law eliminates the existing double taxation and economically equates ownership of Russian assets via Russian and foreign companies (trusts). At the same time, the Law eliminates the 0% tax rate previously available for Russian companies on dividends received through intermediary foreign companies that are not beneficial owners of income. This will allow, for example, the application of the 15% Russian withholding tax rate on dividends paid to Cypriot and Luxembourg intermediary companies under the recently amended tax treaties. Some historic holding structures will get a deferral; for them the new rules will apply as of 2024.

Luxembourg: Application of the parent subsidiary directive to Gibraltar companies – new guidance released...

0
On 1 December 2020, the Luxembourg tax authorities issued Circular L.I.R. n° 147/2, 166/2 et Eval. n° 63 ("Circular") regarding non-eligibility of Gibraltar companies for the provisions of Directive 2011/96/EU (parent-subsidiary directive).

Russian Federation: New rules on remote work

0
On 1 January 2021, new rules on remote work come into force.1 Introduced as amendments to the Russian Labor Code, the new rules define various categories of remote work, and establish a number of new rights and responsibilities for both employers and employees regarding remote work.

Russia: Consumer Rights Watchdog Cancels Routine Inspections

0
As of 17 September 2020, the government has cancelled all pre-scheduled inspections of legal entities for consumers rights violations.

Russia: Russian Export Control of Dual-Use Items 2020 FAQ

0
This document summarizes the statutory requirements on the exportation of dual-use items from Russia, and does not contain information on the exportation of military items.

Russia: Importation and local use of encryption-based products in Russia and the Eurasian Economic...

0
This features frequently asked questions on importation and local use of encryption-based products in Russia and the Eurasian Economic Union.
Send this to a friend