- Managing Partner Sergey Gerasimov took part in the V Tax Online Marathon CFO CAFE. Fintaxtop, with the topic “Taxes for Individuals in the Post-COVID Era: for Those Who Stay and Those Who Leave.”⠀
Sergey spoke about recent changes in Russian tax legislation and went into more detail on the following aspects:
- Introduction of taxation on interest income from bank deposits and coupon income on OFZs
- New rules on tax residency for individuals
- Reporting on non-bank foreign accounts – cash movements and other financial assets
- Penalties for failure to repay loans in Russia
Revision of double tax treaties
- Introduction of a progressive personal income tax scale (up to 15%)
- A fixed tax of RUB 5 million on CFC profits
- Tax consequences of relocating abroad: if assets and income remain in Russia
Currency consequences of relocating abroad: can you breathe easy?
Sergey’s presentation can be watched at the link.
Sergey spoke about recent changes in Russian tax legislation and went into more detail on the following aspects:
- Introduction of taxation on interest income from bank deposits and coupon income on OFZs
- New rules on tax residency for individuals
- Reporting on non-bank foreign accounts – cash movements and other financial assets
- Penalties for failure to repay loans in Russia
Revision of double tax treaties
- Introduction of a progressive personal income tax scale (up to 15%)
- A fixed tax of RUB 5 million on CFC profits
- Tax consequences of relocating abroad: if assets and income remain in Russia
Currency consequences of relocating abroad: can you breathe easy?
Sergey’s presentation can be watched at the link.
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