Increase of the general corporate income tax rate from 20% to 25% for most companies, starting in 2025.
Meanwhile, IT companies will benefit from a preferential rate, with their income tax rate reduced to 5%.
Russian Federation
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Liability for failing to ensure direct ownership of critical firms under Russian jurisdiction
Administrative liability introduced for Generals and legal entities that fail to fulfill obligations related to the direct ownership of shares in economically significant organizations.
This measure specifically targets companies and shareholders that are required, by government regulation, to ensure that critical economic enterprises remain under Russian jurisdiction and control -
Capital control: extended restrictions on the transfer of funds abroad
The Bank of Russia has extended restrictions on the transfer of funds abroad for another 6 months.
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Ban on gasoline export lifted
Lifting of the ban initially imposed from March 1 to August 31, 2024, on the export of commercial gasoline (HS codes of the EAEU 2710 12 411 0 – 2710 12 590 0), including those purchased at exchange trading.
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Trucks entry ban
Trucks from the European Union, Great Britain, Norway and Ukraine are banned entry into the Russian Federation.
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Subsidies to industry
The government has allocated more than 7.5 billion rubles to support industrial enterprises
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Exemption from exchange rate–linked export duties for import-dependent goods
Goods dependent on the import of key components, as well as certain high-tech goods, are exempt from the so-called exchange rate export duties. Thus, duties will not be imposed on medicines and pharmaceutical substances, chemical products, household metal products, tools for drilling, pressing and other operations, marshmallows, marshmallows, soy protein protein and other goods. At the same time, in order to support SMEs, the so-called low-value goods, the total customs value of which does not exceed 200 euros, have been exempted from duties.
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Updated list of goods for parallel imports
The Ministry of Industry and Trade approved an updated list of goods for parallel imports
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Facilitations for importers
Participants in foreign economic activity engaged in the import of goods into Russia are exempt from the obligation to provide security for the payment of customs taxes and duties.
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Updated list of goods for parallel imports
The Ministry of Industry and Trade has updated the list of goods for parallel imports. In particular, the List has been supplemented with IKEA brand products, toys and cosmetics.