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Taxation Committee
Formed 1997
Chairman
Deputy Chairmen
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Coordinator
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Membership
The Taxation Committee includes leading tax managers from the "Big Four", other consulting companies and specialists from law firms
Here you can view the most recent POSITION PAPER (Spring-Summer 2011)
Committee Objectives
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Action Plan
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- To monitor the implementation of the newly adopted Chapters of the Tax Code, subordinate acts and court practices
- To listen to the views of AEB Members on tax issues and tax reform and present the Members ivews to the appropriate official bodies
- To provide technical support to other AEB Committees on tax issues when working with the government and relevant ministries
- To analyse changes to existing legislation (preferably durign the proposal stage) and advising AEB Members of the implications
- To present information on tax laws and tax reform to AEB Members at regular briefings
- To represent the AEB on tax matters and formulate its position for such events such as the Tax Club
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- To examine financial schemes for cross-border leasing
- To study accounting of deferred taxes
- To engage in taxation of long-term investments in insurance and pension funds
- To hold regular working meetings with the Tax Ministry
- To address different aspects of taxation of foreign legal entities
- To continue the campaign against the introduction of VAT accounts
- To hold consultations with the Tax Ministry and the Ministry of Finance on double-tax treaties issues
- To monitor and up-date AEB Members on the latest changes in tax legislation by providing regular Tax Updates or holding monthly tax morning sessions
- To co-operate with the FIAC Working Group on tax and accounting issues
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 The Taxation Hotline, which offers free advice to AEB members on taxation legislation and regulations, is now up and running! Contact Taxation Committee Coordinator - Irina Guruleva to submit your query to taxation specialists in AEB member companies.
TAXATION COMMITTEE UPDATES
- Issuance of VAT invoices in foreign currency when the payment is supposed to be made in roubles has become a hot matter due to various interpretations of fiscal authorities in this respect.
Following the AEB members’ request, the AEB Taxation Committee prepared and submitted a query to the RF Ministry of Finance, asking for the respective clarification.
The RF Ministry of Finance has replied the AEB Taxation Committee’s query and clarified that the RF Tax Code does not provide for any restrictions relating to issue of VAT invoices in foreign currency in case the payment is supposed to be made in roubles.
In view of the fact that the letter of the RF Ministry of Finance contains valuable information for the AEB members, the AEB Taxation Committee offers to your attention both the query and the respective clarification of the Ministry.
- Tax implications of bonus provision became a hot topic on Retail and Consumer market in view of the recent practice developments, including developments of court practice.
In particular, there are views on the market that bonuses provided for achievement of certain commercial objectives shall be VATable. Following the AEB members’ request, the AEB Taxation Committee prepared and submitted a query to the RF Ministry of Finance, asking for the respective clarification.
The RF Ministry of Finance has replied the AEB Taxation Committee’s query and clarified that if the practice of granting discounts/bonuses is based on the parties’ intention to make incentive payments without any changes to the price of goods, then such incentive payments should not be subject to VAT.
In view of the fact that the letter of the RF Ministry of Finance contains valuable information for the AEB members, the AEB Taxation Committee offers to your attention both the query and the respective clarification of the Ministry.
- Tax implications of inseparable leasehold improvements have become a hot topic on real estate market in view of the recent practice developments, including developments of court practice. In particular, there are arguable views that (i) such improvements should be considered as non-sale income of lessors and (ii) the respective expenses of tenants cannot be deductible for their profit tax purposes.
Following the AEB members’ request, the AEB Taxation Committee prepared and submitted a query to the RF Ministry of Finance, asking for the respective clarification.
The RF Ministry of Finance has positively replied the AEB Taxation Committee's query and clarified that (i) inseparable leasehold improvements should not be considered as non-sale income of lessors and (ii) the respective expenses of tenants shall be deductible for their profit tax purposes.
- As you may be aware, according to the new Order of the RF Ministry of Finance of the RF No. 117 dated 30 September 2011 on tax registration of foreign organizations the list of documents required for tax registration has been changed, in particular, the new list of documents includes an accreditation certificate provided accreditation is required by the Russian legislation. There are views on the market that based on this new requirement foreign companies which carry out assembling and construction activity in the Russian Federation through their subdivisions (without establishment of representative offices or branches) will need to be accredited in the Russian Federation in order to be tax registered.
Following the AEB members’ request, the AEB Taxation Committee prepared and submitted a query to the RF Ministry of Finance, asking for the respective clarification. The RF Ministry of Finance has positively replied the AEB Taxation Committee’s query and clarified that the legislation of the Russian Federation does not require accreditation of foreign companies which carry out activity on the construction sites in the Russian Federation without establishment of representative offices or branches and the list of documents for tax registration of a foreign legal entity in the Russian Federation includes an accreditation certificate only in case accreditation is required by the Russian legislation.
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