Analytics Publications

29
June
2020

Banks hold on to zeroing. The cancellation of VAT privileges for software did not please financiers

Bankers are strongly opposed to the government’s proposal to compensate for budget losses from tax maneuvers in the IT industry by canceling VAT benefits for software. According to market participants, it is banks, as large consumers of software, that as a result will provide about half of payments to the budget. But at the same time, their own products are not subject to VAT, so offsetting is not possible. In this situation, financiers are asked to maintain benefits at least for banks, threatening to delay the development of informatization and the rise in price of services. Comments by Yuri Ivanov.

Yuriy Ivanov, Head of Tax practice

Kommersant

23
March
2017

Taxes, duties and insurance contributions: the Russian Supreme Court's positions

On 16 February 2017, the Praesidium of Russia's Supreme Court published its Case Law Review, highlighting the most significant findings on the application of the legislation on taxes and duties and mandatory insurance contributions to extra-budgetary funds, as established by the Court at the end of 2016.

Yuriy Ivanov, Head of Tax practice

EZH-Yurist

7
July
2017

On the tax-related problems faced by companies with foreign participation

The government’s strategy to "impose order" in the field of international tax planning occupies an increasingly important place, both in the field of rulemaking and in the field of law enforcement. If tax policy has been fundamentally focused on restricting the use of foreign tax benefit schemes, at least on paper, since 2010 – and a slew of targeted regulations, in particular on thin capitalization, has existed since 2002 – then real progress in this direction has started to become apparent only in the last few years. This, however, is in complete accordance with world practice and with the stages entailed in developing and applying a BEPS plan.

Yuriy Ivanov, Head of Tax practice

Joint Stock Company

7
September
2015

Foreign business in Russia

In 2015, many events took place in the Russian tax legislation sphere, and new trends were formed in judicial practice involving tax disputes, which, on the one hand, allows us to consider Russia as a very promising market for investments, providing significant tax incentives, in comparison with other countries, but on the other hand – it requires more fine tuning of one’s business.

Yuriy Ivanov, Head of Tax practice

EZH-Yurist

Publications

Banks hold on to zeroing. The cancellation of VAT privileges for software did not please financiers

Taxes, duties and insurance contributions: the Russian Supreme Court's positions

On the tax-related problems faced by companies with foreign participation

Foreign business in Russia

Get VEGAS LEX expert advice across the range of practices

Apply to participate

Apply to participate