Russian Federal Law No376-FZ

The new Russian law on the taxation of controlled foreign companies (the ‘CFC’) and other anti-offshore measures, better known as the “De-offshorisation Law” (the ‘Law’) had received presidential assent on Monday 24 November 2014. The new amendments to the Russian Tax Code, have been effective since 1 January 2015. This publication analyses the following parts: Part 1 Controlled Foreign Companies. Part 2 Recognising foreign organisations as tax residents of Russia. Part 3 Beneficial ownership clause and the taxation of shares in property rich companies