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info@alpinetax.ru
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News
October 22, 2024
The 3rd Annual ALPINE Group Morning Coffee: "Opportunities for Businesses and Individuals Abroad" Takes Place in Dubai!
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We are pleased to announce the successful completion of the 3rd Annual ALPINE Group event, titled "Opportunities for Businesses and Individuals Abroad."
September 12, 2024
Information Portal on Tax Legislation in the UAE
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New Information Portal on Tax Legislation in the UAE: Your Reliable Partner in the Business World! Changes in tax legislation in the UAE can introduce an element of uncertainty for businesses. It is crucial to stay informed about new developments, especially in dynamic markets like the UAE. We are pleased to introduce the new information portal, TAX PROVIDERS UAE, aimed at assisting you in this area!
August 08, 2024
Business breakfast in Yekaterinburg
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South Africa: Key Issues for Entering the Market and Doing Business. UAE: Tax and Structuring Practice News August 27, 2024.
May 31, 2024
Webinar “UAE. Current issues of 2024"
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You are invited to the webinar “UAE. Current issues of 2024". Date and time: June 13, 2024, 12:00 (Moscow time).
March 11, 2024
ALPINE Tax recognized as one of the leaders in the UAE legal market by Pravo.ru
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The results of the research on the UAE legal market by Pravo.ru are announced
December 27, 2023
Happy New Year
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Dear friends, clients and partners!
We would like to share with you the festive atmosphere of the ALPINE Group Winter Holiday party Lost in Hollywood!
Your trustworthy consultants know how to not only work efficiently but also have a good time in the spirit of the Hollywood movie where everyone is the protagonist of an exciting story with a happy ending!
We congratulate you on the upcoming New Year and may all your aspirations come true!
We would like to share with you the festive atmosphere of the ALPINE Group Winter Holiday party Lost in Hollywood!
Your trustworthy consultants know how to not only work efficiently but also have a good time in the spirit of the Hollywood movie where everyone is the protagonist of an exciting story with a happy ending!
We congratulate you on the upcoming New Year and may all your aspirations come true!
November 18, 2023
Switzerland: can't leave can't stay
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We invite you to a webinar for owners of capital worldwide: Switzerland: can't leave can't stay
October 10, 2023
2nd annual ALPINE Tax and ALPINE Group conference "Opportunities for business and individuals worldwide", Dubai and Moscow
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The event was a great success with attendees praising its informative content and valuable networking opportunities. ALPINE Tax & ALPINE Group would like to thank all participants who contributed to making this event a success.
We look forward to continuing our tradition of hosting these events annually in order to provide quality information that can help business owners and individuals make informed decisions about their finances.
We look forward to continuing our tradition of hosting these events annually in order to provide quality information that can help business owners and individuals make informed decisions about their finances.
September 01, 2023
Services in South Africa
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Starting from 2023 we provide full-service company management in South Africa.
July 16, 2023
Webinar ALPINE Tax
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You are invited to the webinar that is useful to stay updated with information about international law that penetrate the interests of Russians.
Sergey Gerasimov, Managing Partner of ALPINE Tax, will talk about use of personal funds in the UAE.
Join the webinar on July 20 at 11 am to get up-to-date financial and legal information, as well as practical advice on using personal funds in the UAE.
Registration by link
Sergey Gerasimov, Managing Partner of ALPINE Tax, will talk about use of personal funds in the UAE.
Join the webinar on July 20 at 11 am to get up-to-date financial and legal information, as well as practical advice on using personal funds in the UAE.
Registration by link
May 22, 2023
Penalty for failure to provide information and documents regarding the calculation of tax obligations in Arabic
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In accordance with UAE Cabinet Resolution No. 49/2021, if a taxpayer fails to provide information and documents regarding the calculation of tax obligations in Arabic within the set deadline, a fine of ≈$5,500 is applied to the taxpayer.
May 22, 2023
Sergey Gerasimov's Valuable Insights at the BCS Conference
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Staying updated on the ever-evolving international legislation that impacts professionals and high-net-worth individuals is of paramount importance. Our partner BCS Ltd. has recently organized an exclusive gathering for the esteemed clients at the prestigious Trump International Golf Club in Dubai.
One of the main was the speech of Sergey Gerasimov, Managing Partner of ALPINE Group, who shared valuable insights on personal fund formation, will preparation, and income tax management in the UAE.
Sergey's ability to communicate complex financial and legal information in a clear and concise manner resonated deeply with the guests. They appreciated his expertise and his knack for simplifying intricate concepts.
Don't miss out on this exceptional opportunity: Sergey Gerasimov's captivating presentation is now available upon request. To access it, kindly reach out to us via email at eponoyanova@aigroup.ae
One of the main was the speech of Sergey Gerasimov, Managing Partner of ALPINE Group, who shared valuable insights on personal fund formation, will preparation, and income tax management in the UAE.
Sergey's ability to communicate complex financial and legal information in a clear and concise manner resonated deeply with the guests. They appreciated his expertise and his knack for simplifying intricate concepts.
Don't miss out on this exceptional opportunity: Sergey Gerasimov's captivating presentation is now available upon request. To access it, kindly reach out to us via email at eponoyanova@aigroup.ae
April 03, 2023
Sergei Gerasimov talks about inheritance planning
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In Russia, court statistics show that there is a special attitude towards marriage contracts, corporate and partnership agreements, wills and inheritance planning issues. Private individuals solve problems as they come in, without planning in advance; if love reigns in the family, there is no need to distribute property; business is organised exclusively by friends - so you can trust each other 100%, without having to put agreements in writing; and inheritance planning should never be done before you are 70 years old. This, of course, is all irony, but in reality, private individuals in Russia are rarely thoughtful about the future of their assets.
The key issues of inheritance planning, as well as the most beneficial options for inheritance in Russia and abroad were discussed in the Q&A with the managing partner of ALPINE Tax, Sergey Gerasimov.
Watch the recording of the programme at the following link:
http://radio.mediametrics.ru/vopros_juristy/71057/
If you still have questions or need help with inheritance planning, please contact us and we will be happy to help you!
The key issues of inheritance planning, as well as the most beneficial options for inheritance in Russia and abroad were discussed in the Q&A with the managing partner of ALPINE Tax, Sergey Gerasimov.
Watch the recording of the programme at the following link:
http://radio.mediametrics.ru/vopros_juristy/71057/
If you still have questions or need help with inheritance planning, please contact us and we will be happy to help you!
March 23, 2023
Maxim Klyuchnikov at Dubai New Economy Legal Forum - 2023
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The Dubai New Economy Legal Forum - 2023 has come to an end.
The discussion was based on important questions for the legal world:
* How quickly will the economy adapt to the new conditions?
* Which areas of international cooperation will be most effective?
* How to translate the enormous geopolitical potential of growing economies into practical cooperation at the business level?
It was interesting to hear the views of representatives of different regulatory practices.
We are glad to share with you some photos of the event and the impression of Maxim Klyuchnikov, Partner of ALPINE Tax, from this two-day forum:
"The UAE tax landscape is changing significantly and at the same time the professional services market is seeing the appearance of advanced tax practices ready to provide quality services at the level expected by clients".
The discussion was based on important questions for the legal world:
* How quickly will the economy adapt to the new conditions?
* Which areas of international cooperation will be most effective?
* How to translate the enormous geopolitical potential of growing economies into practical cooperation at the business level?
It was interesting to hear the views of representatives of different regulatory practices.
We are glad to share with you some photos of the event and the impression of Maxim Klyuchnikov, Partner of ALPINE Tax, from this two-day forum:
"The UAE tax landscape is changing significantly and at the same time the professional services market is seeing the appearance of advanced tax practices ready to provide quality services at the level expected by clients".
March 10, 2023
Marriage contract VS Property sharing contract
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According to Russian family law, as a general rule, property acquired by spouses during a marriage is their joint property.
There are two instruments that allow you to move away from the joint property regime and establish a different property ownership regime that suits the spouses: a marriage contract and property sharing agreement.
There are two instruments that allow you to move away from the joint property regime and establish a different property ownership regime that suits the spouses: a marriage contract and property sharing agreement.
March 10, 2023
Webinar 'New opportunities for companies and individuals in the Middle East'
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16 March 2023
Starts at 10:00 am (Moscow time)
Webinar at Zoom
Today, the Middle East can offer interesting opportunities for effective financial and asset management for both companies and individuals, which is becoming particularly attractive against the backdrop of multiple constraints in other countries.
What advantages can the UAE, Qatar and Saudi Arabia offer to holding, financial and trading companies? What solutions are there for the establishment and use of personal funds and tax accounting in the UAE? What are the pitfalls to be aware of when planning for an inheritance in the UAE?
ALPINE Tax experts will reveal all this and more in a webinar on 16 March 2023.
Starts at 10:00 am (Moscow time)
Webinar at Zoom
Today, the Middle East can offer interesting opportunities for effective financial and asset management for both companies and individuals, which is becoming particularly attractive against the backdrop of multiple constraints in other countries.
What advantages can the UAE, Qatar and Saudi Arabia offer to holding, financial and trading companies? What solutions are there for the establishment and use of personal funds and tax accounting in the UAE? What are the pitfalls to be aware of when planning for an inheritance in the UAE?
ALPINE Tax experts will reveal all this and more in a webinar on 16 March 2023.
March 01, 2023
Maxim Klyuchnikov talks about the specifics of a law firm entering the UAE market
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On 2 March 2023, Maxim Klyuchnikov, Partner at ALPINE Tax, spoke at an event of the Marketing and Communications Committee of the American Chamber of Commerce in Russia (AmCham) and the Inter-Associative PR and Marketing Committee, a joint initiative of several prominent business organisations, including the Canada-Eurasia Chamber of Commerce (CECC).
At the event, experts discussed how businesses are adapting to the new environment, including by entering new geographical markets. Maxim shared his practical experience of entering the market of the United Arab Emirates and spoke about the peculiarities of law firm positioning in the UAE.
Read more about the event at: https://amcham.ru/eng/events/upcoming/20230302_marcom
At the event, experts discussed how businesses are adapting to the new environment, including by entering new geographical markets. Maxim shared his practical experience of entering the market of the United Arab Emirates and spoke about the peculiarities of law firm positioning in the UAE.
Read more about the event at: https://amcham.ru/eng/events/upcoming/20230302_marcom
February 20, 2023
Obtaining a foreign residence permit by a member of a strategic enterprise leads to a number of obligations
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On 30 March 2023 (excluding a number of provisions), important amendments to Federal Law No. 57-FZ of 29 April 2008 "On the Procedure for Foreign Investment in Business Entities of Strategic Importance for National Defence and State Security" and others will come into force.
The amendments are aimed at strengthening control over foreign investments in strategically important industries.
The amendments are aimed at strengthening control over foreign investments in strategically important industries.
February 16, 2023
CFC Profit vs IFRS Profit
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CFC reporting under IFRS without adjustments under the Russian Tax Code - a serious additional charge or overpayment.
Is this my obligation?
The legislation requires the declaration of profit of a CFC when the threshold of 10 million roubles is exceeded.
Can I declare the IFRS profit as CFC profit and pay tax?
No, the tax is not calculated on IFRS profits.
What is the risk of incorrect calculation?
An incorrect calculation may result in a substantial overpayment or an additional charge and penalties.
Is this my obligation?
The legislation requires the declaration of profit of a CFC when the threshold of 10 million roubles is exceeded.
Can I declare the IFRS profit as CFC profit and pay tax?
No, the tax is not calculated on IFRS profits.
What is the risk of incorrect calculation?
An incorrect calculation may result in a substantial overpayment or an additional charge and penalties.
February 10, 2023
Declaration campaign
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We would like to remind you that the deadline for submitting a 3-NDFL (Personal Income Tax) return and CFC information to the tax authorities by 2 May 2023 is approaching.
Individuals who are tax residents of the Russian Federation have until 2 May 2023 to
- declare income received in 2022 that has not been withheld by tax agents in the Russian Federation, for this purpose a 3-NDFL tax declaration must be filed;
- report to the tax authorities on own foreign companies and unincorporated structures by submitting the Notification on controlled foreign companies (CFC);
- attach the prepared financial statements for the fiscal year 2021 as well as the auditor's report to the CFC Notification;
- declare the profit of the CFC if it has exceeded the threshold of RUB 10 million by filing a 3-NDFL tax return; - declare other income from which tax has not been withheld on the territory of the Russian Federation.
Individuals who are tax residents of the Russian Federation have until 2 May 2023 to
- declare income received in 2022 that has not been withheld by tax agents in the Russian Federation, for this purpose a 3-NDFL tax declaration must be filed;
- report to the tax authorities on own foreign companies and unincorporated structures by submitting the Notification on controlled foreign companies (CFC);
- attach the prepared financial statements for the fiscal year 2021 as well as the auditor's report to the CFC Notification;
- declare the profit of the CFC if it has exceeded the threshold of RUB 10 million by filing a 3-NDFL tax return; - declare other income from which tax has not been withheld on the territory of the Russian Federation.
January 23, 2023
European Accounts restrictions relief through obtaining a European residence permit
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We assist with the removal of restrictions on European accounts related to the acceptance of funds / disposal of securities / opening of new accounts by obtaining a European residence permit.
The cost of obtaining European residence permit - 14,400 euros.
The period of obtaining it is 3-4 months.
The cost of obtaining European residence permit - 14,400 euros.
The period of obtaining it is 3-4 months.
January 17, 2023
Changes in UAE family and inheritance law
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On 1 February 2023, a new Personal Status Law No. 41/2022 will come into force in the UAE, setting out specific rules regulating family and inheritance relations. The provisions of the law apply to both non-Muslim UAE citizens and non-Muslim foreigners residing in the UAE.
A key feature of the Law: the new Law provides for equality between men and women in all rights and obligations (the previous one was based on Sharia).
A key feature of the Law: the new Law provides for equality between men and women in all rights and obligations (the previous one was based on Sharia).
December 20, 2022
Forbes Club Legal Ranking recognised ALPINE Tax in eight categories
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Today the results of Forbes Club Legal Ranking, a survey of the best law firms in Russia practicing in the field of protection of interests of wealthy clients, have been published.
The Forbes Club Legal Ranking survey aims to help high net worth individuals and Forbes Club members in choosing a reliable legal advisor to turn to in a difficult life or business situation, who will provide exceptional expertise, can become a trusted person and will be fully involved in resolving the problem with high standards of ethics and quality of service.
The Forbes Club Legal Ranking survey aims to help high net worth individuals and Forbes Club members in choosing a reliable legal advisor to turn to in a difficult life or business situation, who will provide exceptional expertise, can become a trusted person and will be fully involved in resolving the problem with high standards of ethics and quality of service.
December 19, 2022
Exemption from administrative liability for currency offenses is planned to be extended
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Exemption from administrative liability for currency offenses committed due to unfriendly actions of other countries is planned to be extended until December 31, 2023.
Note 10 of Article 15.25 of the Code of the Russian Federation on Administrative Offenses (hereinafter referred to as CRFAO) provides for exemption from administrative liability of residents who have violated the requirements of currency legislation in connection with the application of restrictive measures against citizens of the Russian Federation or Russian legal entities by foreign states (territories), state associations and (or) unions and (or) state (interstate) institutions of foreign states or state associations and (or) unions that commit unfriendly actions against the Russian Federation.
Note 10 of Article 15.25 of the Code of the Russian Federation on Administrative Offenses (hereinafter referred to as CRFAO) provides for exemption from administrative liability of residents who have violated the requirements of currency legislation in connection with the application of restrictive measures against citizens of the Russian Federation or Russian legal entities by foreign states (territories), state associations and (or) unions and (or) state (interstate) institutions of foreign states or state associations and (or) unions that commit unfriendly actions against the Russian Federation.
December 19, 2022
New visa requirements in the UAE
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Now it is impossible to extend a tourist visa without leaving the country. Numerous sources report that the UAE authorities have canceled the exemptions introduced in connection with the coronavirus pandemic.
According to open sources, it is currently possible to extend your stay in the state only in Dubai after 90 days of stay. However, there is a risk in refusing an extension, and it will be necessary to leave the country. This option is currently unavailable in other emirates.
In November of this year, the fine for late tourist visas was reduced to 50 dirhams per day. If a tourist visa is overdue for more than 30 days, the person may face arrest.
The arrest also threatens the holder of a resident visa who has not had time to change his status or leave the country 6 months after the expiration of the visa.
We are waiting for official confirmation.
According to open sources, it is currently possible to extend your stay in the state only in Dubai after 90 days of stay. However, there is a risk in refusing an extension, and it will be necessary to leave the country. This option is currently unavailable in other emirates.
In November of this year, the fine for late tourist visas was reduced to 50 dirhams per day. If a tourist visa is overdue for more than 30 days, the person may face arrest.
The arrest also threatens the holder of a resident visa who has not had time to change his status or leave the country 6 months after the expiration of the visa.
We are waiting for official confirmation.
December 13, 2022
From December 16, restrictions on foreign exchange transactions on Swiss personal accounts for citizens of the Russian Federation begin to apply
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On December 5, 2022, the Order of the Federal Tax Service was published, according to which Switzerland and the Cayman Islands were excluded from the list of states with which the automatic exchange of financial information is carried out. The order will enter into force after 10 calendar days from the date of its publication.
From 00:00 on December 16, 2022, currency operations involving the transfer of dividends and interest (coupons) on securities, as well as income from the sale of securities to Swiss accounts will be recognized as prohibited currency operations.
If the specified income is credited to the Swiss account from 00:00 on December 16, 2022, a fine of 20% to 40% of the transaction amount may arise. However, a currency resident may be released from this liability if, within 45 days from the date of the prohibited currency operation, he transfers the amount received to a Russian bank account.
From 00:00 on December 16, 2022, currency operations involving the transfer of dividends and interest (coupons) on securities, as well as income from the sale of securities to Swiss accounts will be recognized as prohibited currency operations.
If the specified income is credited to the Swiss account from 00:00 on December 16, 2022, a fine of 20% to 40% of the transaction amount may arise. However, a currency resident may be released from this liability if, within 45 days from the date of the prohibited currency operation, he transfers the amount received to a Russian bank account.
December 09, 2022
UAE income tax law published
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The new Federal Law on Taxation of Companies in the UAE was published today (link to the document).
What changes will take effect and when? How will these changes affect companies in the UAE?
Already next Thursday, December 15, 2022 at 10:00 am, Maxim Klyuchnikov, partner of ALPINE Tax, will review the new legislation and talk in detail about what changes the new law will entail for businesses in the UAE.
Pre-registration via the link: https://forms.gle/exKhGLQPjuHJj9Pz9
What changes will take effect and when? How will these changes affect companies in the UAE?
Already next Thursday, December 15, 2022 at 10:00 am, Maxim Klyuchnikov, partner of ALPINE Tax, will review the new legislation and talk in detail about what changes the new law will entail for businesses in the UAE.
Pre-registration via the link: https://forms.gle/exKhGLQPjuHJj9Pz9
December 06, 2022
The list of states with which Russia carries out automatic exchange of financial information has been updated
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On December 5, 2022, the Order of the Federal Tax Service was published, according to which Switzerland and the Cayman Islands were excluded from the list of states with which the automatic exchange of financial information is carried out.
Recall that the transfers allowed to accounts opened in jurisdictions that are not in this list of countries are extremely limited. In particular, it is not allowed to perform almost any currency operation on investment portfolios, for example, to transfer amounts from the sale of shares, bonds, to credit coupons, dividends, as well as to receive loans (loans), etc.
In case of crediting these types of income, a fine in the amount of 20 to 40% of the amount of the currency operation may be levied from the account holder. This restriction does not apply to currency non-residents (i.e. persons who do not have a Russian passport or residence permit), as well as currency residents who have been outside the Russian Federation for more than 183 days and who will be able to continue crediting funds to foreign accounts without restrictions (except for currency operations between residents).
Kazakhstan, Oman and Maldives were also included in the list. Now the Russian tax authorities will begin to receive information about the accounts of Russian residents in these jurisdictions as part of an automatic exchange.
The Order comes into force on December 16, 2022.
Recall that the transfers allowed to accounts opened in jurisdictions that are not in this list of countries are extremely limited. In particular, it is not allowed to perform almost any currency operation on investment portfolios, for example, to transfer amounts from the sale of shares, bonds, to credit coupons, dividends, as well as to receive loans (loans), etc.
In case of crediting these types of income, a fine in the amount of 20 to 40% of the amount of the currency operation may be levied from the account holder. This restriction does not apply to currency non-residents (i.e. persons who do not have a Russian passport or residence permit), as well as currency residents who have been outside the Russian Federation for more than 183 days and who will be able to continue crediting funds to foreign accounts without restrictions (except for currency operations between residents).
Kazakhstan, Oman and Maldives were also included in the list. Now the Russian tax authorities will begin to receive information about the accounts of Russian residents in these jurisdictions as part of an automatic exchange.
The Order comes into force on December 16, 2022.
December 05, 2022
Results of the PRAVO-300 rating 2022
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On December 2, 2022, the results of the annual legal rating "Pravo-300", one of the key and large-scale studies of the legal market in Russia, designed to increase its transparency, were announced. The rating methodology is based on the assessment of project experience, customer feedback and the level of service.
The ALPINE Tfx team was awarded in three nominations:
- “Family and Inheritance law" — Group III;
- “Tax consulting and disputes" — Group IV;
- and for the first time in the nomination “Private capital” — Group IV.
We are grateful to the experts of Pravo-300 and our clients for their high appreciation and trust! We will continue to provide the highest quality services and solve complex tax and legal issues of our clients that they face both in Russia and abroad.
The ALPINE Tfx team was awarded in three nominations:
- “Family and Inheritance law" — Group III;
- “Tax consulting and disputes" — Group IV;
- and for the first time in the nomination “Private capital” — Group IV.
We are grateful to the experts of Pravo-300 and our clients for their high appreciation and trust! We will continue to provide the highest quality services and solve complex tax and legal issues of our clients that they face both in Russia and abroad.
December 01, 2022
Webinar "The main thing about successful practices of circulation, structuring and succession of assets of individuals outside the Russian Federation"
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On December 8, 2022, ALPINE Tax will hold a practical webinar where key experts of the company will talk about applied solutions for the creation and use of personal funds and tax accounting in the UAE, successful experience in unlocking securities of individuals in Europe, as well as about the most effective succession structures of these and other types of assets in the current circumstances.
November 23, 2022
Pay taxes no later than December 1, 2022
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We remind you that no later than December 1, 2022, you will need to pay the following taxes for 2021:
- transport tax
- land tax
- personal property tax
- personal income tax (in relation to income for which it was not withheld).
Taxes are paid on the basis of a tax notice. The tax calculation is made by the tax authority independently. You can find the tax notice in the taxpayer's personal account. In the absence of a personal account, the tax authority sends a tax notification by mail at the place of residence (stay) by registered mail.
- transport tax
- land tax
- personal property tax
- personal income tax (in relation to income for which it was not withheld).
Taxes are paid on the basis of a tax notice. The tax calculation is made by the tax authority independently. You can find the tax notice in the taxpayer's personal account. In the absence of a personal account, the tax authority sends a tax notification by mail at the place of residence (stay) by registered mail.
November 03, 2022
Services in the UAE
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ALPINE Tax is expanding its practice in the UAE by joining forces with INVENTA Consulting.
INVENTA Consulting is an expert in financial, tax, legal consulting and valuation. The combined company operates under the ALPINE INVENTA GROUP brand.
ALPINE INVENTA GROUP is ready to provide a wide range of optimal and comprehensive solutions to owners of large private capital and businesses, using the capabilities of the UAE legal and banking systems.
INVENTA Consulting is an expert in financial, tax, legal consulting and valuation. The combined company operates under the ALPINE INVENTA GROUP brand.
ALPINE INVENTA GROUP is ready to provide a wide range of optimal and comprehensive solutions to owners of large private capital and businesses, using the capabilities of the UAE legal and banking systems.
October 31, 2022
ALPINE Tax announces expansion of services and opening of an office in the UAE
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The legislation and banking system of the United Arab Emirates represent the conditions for solving the problems faced by Russian owners of large private capital and businesses after February 24, 2022.
October 28, 2022
Paper defrosting services from Euroclear / Clearstream
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Many individuals are faced with a situation when foreign securities belonging to them are accounted for in Euroclear (Clearstream), and transactions with securities are blocked due to the sanctions imposed.
In this case, we recommend obtaining a license to unfreeze such papers and transfer them to an unauthorized registry holder.
In this case, we recommend obtaining a license to unfreeze such papers and transfer them to an unauthorized registry holder.
October 07, 2022
The conference "Opportunities for business and individuals abroad" was held
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The ALPINE Tax conference "Opportunities for businesses and individuals abroad" was held.
The speakers focused on applied methods of solving problems faced by businesses and wealthy individuals against the background of Western sanctions.
In addition to issues related to the amnesty of capital and tax-free transfer of assets, which was discussed by Sergey Gerasimov, managing partner of ALPINE Tax, the guests were particularly interested in the opportunities offered by the opening of companies and personal funds in the UAE, presented in the presentation by Maxim Klyuchnikov, partner of ALPINE Tax.
The audience also positively appreciated the opportunity to hear firsthand from invited foreign speakers about the current prospects and limitations provided by the legislation of Turkey and Kazakhstan from a legal and tax point of view.
We thank the speakers for useful reports, and the guests for interesting questions to the experts!
Details of the event on the website www.alpinetaxevents.ru
The speakers focused on applied methods of solving problems faced by businesses and wealthy individuals against the background of Western sanctions.
In addition to issues related to the amnesty of capital and tax-free transfer of assets, which was discussed by Sergey Gerasimov, managing partner of ALPINE Tax, the guests were particularly interested in the opportunities offered by the opening of companies and personal funds in the UAE, presented in the presentation by Maxim Klyuchnikov, partner of ALPINE Tax.
The audience also positively appreciated the opportunity to hear firsthand from invited foreign speakers about the current prospects and limitations provided by the legislation of Turkey and Kazakhstan from a legal and tax point of view.
We thank the speakers for useful reports, and the guests for interesting questions to the experts!
Details of the event on the website www.alpinetaxevents.ru
September 22, 2022
We are talking about asset structuring in the UAE at the CFO Café conference
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On September 26, Ksenia Letunovskaya, Senior Consultant, ALPINE Tax, will speak at the conference "Middle East: UAE. Everything a wealthy client needs to know" within the framework of the CFO Café Business Geography event cycle.
In her speech, Ksenia will talk about structuring in the UAE to improve asset protection and tax efficiency for private clients.
Ksenia's performance starts on September 26 at 01:00 p.m
To register and view the event program, follow the link: https://fintax.top/uae
In her speech, Ksenia will talk about structuring in the UAE to improve asset protection and tax efficiency for private clients.
Ksenia's performance starts on September 26 at 01:00 p.m
To register and view the event program, follow the link: https://fintax.top/uae
September 20, 2022
Switzerland suspends automatic exchange of tax information under the CRS with Russia
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Switzerland suspends the automatic exchange of tax information under the CRS with Russia. The list of permitted transactions on Swiss accounts may be significantly limited.
On September 16, 2022, the Swiss Government decided to suspend the exchange of information on tax issues with Russia. The Russian tax authorities will not receive information about the accounts of Russian residents in Switzerland as early as 2021.
On September 16, 2022, the Swiss Government decided to suspend the exchange of information on tax issues with Russia. The Russian tax authorities will not receive information about the accounts of Russian residents in Switzerland as early as 2021.
September 19, 2022
ALPINE Tax conference "Opportunities for businesses and individuals abroad"
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The Russian market has been developing for the last six months according to the most unexpected scenario, which has changed many settings of tax and legal aspects of business structures and made irrelevant the usual programs of working with capital and business of individuals.
On October 6, 2022, the conference "Opportunities for Businesses and Individuals abroad" will be held at Marriott Aurora, where ALPINE Tax Partners and invited international experts are ready to talk about the impact of the changes taking place and the opportunities that remain for businesses and individuals abroad from a tax and legal perspective.
The open format conference will allow speakers to ask exciting questions during each session.
Registration for the event at the link: https://alpinetaxevents.ru/
On October 6, 2022, the conference "Opportunities for Businesses and Individuals abroad" will be held at Marriott Aurora, where ALPINE Tax Partners and invited international experts are ready to talk about the impact of the changes taking place and the opportunities that remain for businesses and individuals abroad from a tax and legal perspective.
The open format conference will allow speakers to ask exciting questions during each session.
Registration for the event at the link: https://alpinetaxevents.ru/
May 17, 2022
Webinar "The Great Relocation of Trusts"
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On April 8, 2022, the EU introduced the fifth package of sanctions against Russia. According to the new restrictions, citizens and legal entities of the EU member states are prohibited from acting as trusts or in other similar positions for Russian individuals and legal entities, and it is also prohibited to provide a number of services to trusts of such persons.
April 28, 2022
Sergey Gerasimov's interview for PRAVO.RU "Truth and myths about capital amnesty"
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Recently, the fourth wave of capital amnesty was announced, which will last from March 14, 2022 to February 28, 2023. It has every chance of becoming more popular than the previous ones, given the sanctions against Russian capital abroad. But not everyone knows what a capital amnesty actually is: it is not a confession to crimes, and there is no need to pay taxes according to a special declaration. Managing Partner Sergey Gerasimov debunked the myths about capital amnesty and talked about its unobvious advantages.
April 26, 2022
Европа заморозит трасты, в которых россияне хранят свои активы
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Вышел регламент, который запрещает европейским управляющим создавать трасты или аналогичные структуры, оказывать услуги и даже предоставлять для их деятельности юридический адрес. Ограничения применяются к трастам, в которых доверителями или бенефициарами являются российские компании и граждане, проживающие в России, а также подконтрольные им лица. С ними прекратят работать с 10 мая, после этой даты оставшиеся активы фактически могут быть заблокированы поскольку европейские управляющие не будут вправе распоряжаться ими в интересах россиян.Какие существуют варианты по переводу активов в другие юрисдикции и какие сложности могут возникнуть в процессе прокомментировал партнёр Максим Ключников для радио Коммерсантъ FM.
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April 15, 2022
"Europe has lost confidence." Ban on trust services to Russians
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On April 8, 2022, the EU published EU Council Regulation No. 2022/576 and Council of the European Union Decision 2022/578 prohibiting European lawyers from providing trust services to Russian legal entities and individuals
April 08, 2022
Sergey Gerasimov spoke at the PRAVO.RU conference
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A PRAVO.RU conference "Legal challenges and opportunities in the era of sanctions" was held on April 5. At the conference, experts and market leaders discussed the expected changes against the backdrop of foreign sanctions, including new changes in legislation, business support measures and possible risks in the era of sanctions. Sergey Gerasimov took part in the session "Business support measures in the era of sanctions. We are learning to avoid losses" and spoke in detail about the tax amnesty and the re-registration of companies to Russian beneficial owners with the formation of tax value.
March 25, 2022
Webinar "Opportunities and limitations for private Russian individuals and their companies in the new reality"
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On March 24, 2022, the webinar “Opportunities and limitations for private Russian individuals and their companies in the new reality. Everything a wealthy client needs to know.” Experts spoke in their speeches about the impact on Russian individuals and their investments of the measures introduced by the Russian state authorities in February and March 2022.
March 21, 2022
Our practice was included in the BAND 1 nomination tax law in the KOMMERSANT rating
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Our practice was included in the Band 1 nomination TAX LAW in the KOMMERSANT rating "LEADERS OF THE LEGAL SERVICES MARKET" On March 21, 2022, the results of the annual Kommersant legal rating were published, where our team again consolidated its position among the leaders!
You can get acquainted with the results by following the link. Congratulations to the team on their well-deserved success and wish them new victories!
You can get acquainted with the results by following the link. Congratulations to the team on their well-deserved success and wish them new victories!
March 17, 2022
Tax digest for February-March 2022
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What novelties of Russian tax and currency legislation may be of interest to private clients?
March 16, 2022
Overview of restrictions on currency transactions and securities / real estate transactions
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By decrees of the President of the Russian Federation, as well as regulations of the Bank of Russia and the Government of the Russian Federation, new currency restrictions were introduced for currency residents of the Russian Federation, as well as restrictions on transactions with non-residents entailing the emergence of ownership rights to securities and real estate, as well as on the procedure for settlements with non-residents and other transactions that, in particular, they also affect individuals – currency residents of the Russian Federation. We present to your attention a fresh overview of restrictions on currency transactions and transactions with securities / real estate, as well as answers to the most frequently asked questions.
You can get acquainted with the review by following the link.
You can get acquainted with the review by following the link.
March 11, 2022
CFC Profit vs IFRS Profit
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CFC reporting under IFRS without adjustments under the Tax Code of the Russian Federation may entail serious additional charges or overpayment. In what cases is it necessary to declare the profit of a CFC?
Is it possible to declare profit under IFRS as a profit of a CFC and pay tax? What is the danger of incorrect calculation?
You will find detailed information in our liflet at the link.
Or just contact us..
Is it possible to declare profit under IFRS as a profit of a CFC and pay tax? What is the danger of incorrect calculation?
You will find detailed information in our liflet at the link.
Or just contact us..
March 04, 2022
Restrictions on currency transactions and securities/real estate transactions
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By the Decrees of the President of the Russian Federation of February 28, 2022 "On the application of special economic measures in connection with the Unfriendly actions of the United States and foreign States and International Organizations that have joined them" (hereinafter – Decree 1), as well as of March 1, 2022 "On additional temporary economic measures to Ensure the Financial Stability of the Russian Federation" (further – Decree 2) new currency restrictions were introduced for currency residents of the Russian Federation, which, among other things, affect individuals – currency residents of the Russian Federation.
December 07, 2021
On-site tax audits
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Over the past few months, cases have become more frequent when tax authorities send requests for explanations in connection with the ownership of foreign assets — accounts in banks and brokers, CFC, real estate; and the receipt of the corresponding income.The requirements are formed on the basis of information received as part of the automatic exchange between countries. As a result, information about previously undeclared income may be disclosed, which will entail conducting an on-site tax audit of the entire structure of the taxpayer's income.
This, in turn, threatens with substantial additional charges and fines.We recommend that you carefully consider such requests, and when you receive them, promptly contact specialists in order to prevent on—site tax audits and additional charges.
Follow the link to read about real cases of receiving claims from the tax service.
This, in turn, threatens with substantial additional charges and fines.We recommend that you carefully consider such requests, and when you receive them, promptly contact specialists in order to prevent on—site tax audits and additional charges.
Follow the link to read about real cases of receiving claims from the tax service.
November 09, 2021
Fixed income tax CFC
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From 2020, owners of controlled foreign companies (CFC) will have access to a new regime for paying taxes on CFC profits: if desired, they can abandon the standard procedure for declaring profits of a foreign company and instead pay a fixed fee of 5 million rubles per year.
An additional bonus of the "fixed" regime is that there is no need to submit CFC financial statements to the Russian tax authorities.It seems that the benefits of switching to such a mode are obvious, but the devil, as usual, is in the details.
You can learn more about the advantages of the fixed CFC mode in our brochure at the link.
Or just contact us.
An additional bonus of the "fixed" regime is that there is no need to submit CFC financial statements to the Russian tax authorities.It seems that the benefits of switching to such a mode are obvious, but the devil, as usual, is in the details.
You can learn more about the advantages of the fixed CFC mode in our brochure at the link.
Or just contact us.
November 01, 2021
CFC profit
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The legislation of the Russian Federation requires that the owner of a controlled foreign company declare the profit of a CFC if it exceeds the threshold of 10 million rubles.
However, CFC owners often mistakenly transfer the amount of profit generated in the IFRS statements to the declaration on Form 3-personal income tax. This approach can lead to serious additional charges or overpayments.
How to prevent this from happening? Make the necessary adjustments provided for by the Tax Code of the Russian Federation.
Please contact our specialists — they will help not only to make the necessary adjustments, but also to prepare the accompanying documents and fill out the declaration correctly.
To find out more and download our brochure on CFC profits, follow the link.
However, CFC owners often mistakenly transfer the amount of profit generated in the IFRS statements to the declaration on Form 3-personal income tax. This approach can lead to serious additional charges or overpayments.
How to prevent this from happening? Make the necessary adjustments provided for by the Tax Code of the Russian Federation.
Please contact our specialists — they will help not only to make the necessary adjustments, but also to prepare the accompanying documents and fill out the declaration correctly.
To find out more and download our brochure on CFC profits, follow the link.
August 17, 2021
Heirs. How to divide capital after the death of billionaires
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How is the large private capital of representatives of the first generation of business owners distributed in Russia? What happens to billions of fortunes after the death of their owners? Who is fighting for inherited capital and why these seemingly intra-family feuds can become a global problem for the whole society?
July 22, 2021
Asset protection: why are the trust and the CMF bad individually?
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Asset protection: why are the trust and the closed mutual fund (CMF) bad individually?
In the ranking of the International Property Rights Protection Index, the Russian Federation is in 88th place, somewhere between Ecuador and Guatemala. It is not surprising that asset owners are thinking about protection mechanisms. Partner Maxim Klyuchnikov in an article for RBC.Pro told about some of them
Which is better — CMF or trust? What other options are there? Read the full version of the article at the link.
In the ranking of the International Property Rights Protection Index, the Russian Federation is in 88th place, somewhere between Ecuador and Guatemala. It is not surprising that asset owners are thinking about protection mechanisms. Partner Maxim Klyuchnikov in an article for RBC.Pro told about some of them
Which is better — CMF or trust? What other options are there? Read the full version of the article at the link.
February 15, 2021
RUSSIAN TAX REALITIES 2021: ALL YOU NEED TO KNOW IN 30 MINUTES
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We would like to invite you to the webinar dedicated the most significant Russian tax changes effected as of January 2021.