Keeping GRATA's practice of informing clients on
important legal developments that might influence their business,
we would like to draw your attention to some important legal
changes regarding tax, customs and some other concessions granted
to persons operating in the Republic of Crimea and the Federal city
The Republic of Crimea and the federal city of Sevastopol
(hereinafter - 'Crimea' and 'Sevastopol',
respectively) became constituent entities of the Russian Federation
on 18 March 2014 under the Treaty between the Russian Federation
and the Republic of Crimea on the Accession of the Republic of
Crimea to the Russian Federation and on Forming New Constituent
Entities within the Russian Federation, and starting from this date
Russian laws are, as the general rule, effective on their
Until 1 January 2015 there is the transitional period during
which the issues of integration of the Crimea and Sevastopol into
economic, financial, credit and legal systems, as well as in the
system of the state bodies of the Russian Federation are
From 1 January 2015, the laws of the Russian Federation on taxes
and fees become effective in Crimea and Sevastopol.
Until 1 January 2017, special regulations applying to relations
in the sphere of property, town-planning and forestry as well as
relations in the area of cadastral registration of real estate and
state registration of the rights to real estate and transactions
therewith will be established in the Crimea and Sevastopol by
regulatory acts of the Crimea and Sevastopol upon coordination with
the federal executive authorities of the Russian Federation in the
A number of Federal Laws adopted on 29 November 2014 provide for
the tax and other concessions for persons operating in the Crimea
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