Taxation of Foreign Legal Entities / Exemption from Withholding Tax
A letter of the State Tax Service provides further information on the application of Instruction No. 34. It appears that certification of a foreign company's residence status need not be apostilled, notarised or legalised, whilst all Russian taxes should now be paid from a Russian bank account. Furthermore, if a foreign legal entity with a permanent establishment in Russia (i.e. subject to profits tax) sends a notification of Russian source income to the Russian payer, the notification (form 1) should be stamped by the tax inspectorate to serve as an authorisation not to withhold taxes from the payment.
(Letter of the State Tax Service of 20 December 1995, No. HN-6-06/652)
Road users tax / Private entrepreneurs
An amendment to Instruction No. 30 regarding Road Users tax exempts private entrepreneurs. Entities with a separate balance sheet are however included as a new category of taxpayers.
(Amendment No. 3 to Instruction of the State Tax Service of 15 May 1995, No. 30)
Duties which are charged for various legal procedures, for example issuing official documents and copies of documents have been changed. Most are quantified by reference to multiples or fractions of the statutory minimum wage.
(Federal Law of 31 December 1995, No. 226-03)
Legal Developments are reported in Tax News Reporter on official publication. This may be long after the law is issued.
This publication is intended for general guidance only and should not form the basis of specific decisions.
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