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    Russia To Introduce Low, Fixed Business Income Tax Rates To Encourage Russian Investors Back To Russia

    Russia’s Finance Ministry has proposed a fixed income tax rate for Russian shareholders of foreign companies in Russia. The amendments to the tax code would introduce a fixed tax rate of 5 million rubles per annum (US$64,600) per annum, without the need to file audited accounts. The rates will be applicable for five years. The[…..]

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    Eight Russian Belt And Road Initiative Opportunities Coming To Completion That Foreign Investors Should Be Aware Of

    Op/Ed by Chris Devonshire-Ellis  Lists of Russia Belt & Road Initiative projects produced by other media outlets tend to concentrate – or only include – the massive Power of Siberia gas pipeline that leads from the Russian Arctic to China. However, although this is important, there is rather more going on than purely viewing the[…..]

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    Russia Signs Off On Tax Support For Publishing Houses

    Russian President Vladimir Putin has signed off a new law providing for tax support for publishing houses. The document was published on the official portal of legal information on Thursday October 15. The new law envisages an increase in the maximum allowable volume of such losses up to 30% of the circulation value, while previously[…..]

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    Russia-Iran Visa Free Tourism On The Cards

    Moscow hopes to finish work on an agreement on visa-free tourist trips with Iran in the near future, Russian Foreign Ministry Spokeswoman Maria Zakharova said on Thursday. According to Zakharova, Russia’s Federal Tourism Agency is working with the Iranian partners on mechanisms of the implementation of the arrangements under the agreement. “We hope this work[…..]

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    US Online Vitamin Company iHerb Invests US$100 Million Into Russian Market

    The US-based iHerb online store, which specializes in sales of vitamins, dietary supplements and health and beauty goods, plans to invest US$100 million in Russia in construction of robotic distribution centers, support and promotion of Russian products export and improvement of the service for Russian customers, the company has stated.

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    Where Do Russians Send Money Overseas?

    A new report issued by CompareTheMarket shows that Russians transfer the fifth-highest amount of money worldwide, sending USD $22.217 billion (AUD $32.55 billion) overseas in 2019. Russia sent the most money to nations within close proximity, including:

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    European Business Investors Gloomy On Russian Prospects

    The Association of European Businesses in Russia (AEB) have issued an annual report that shows few see Russia as a growth market in coming years, and are concerned that business operations in Russia are becoming increasingly difficult for foreign  investors. Alarmingly, AEB members said that the increasing bureaucracy was hindering efforts and is a greater[…..]

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    Russia In Danger Of Conflicts In East, West & South As Regional Autocratic Leaders Fail

    Three Out Of Five Eurasian Economic Union States Now Facing Political Unrest  Op/Ed by Chris Devonshire-Ellis   2020 is fast developing into a highly problematic year in terms of Russian sovereignty and influence as political unrest flares up along its borders. Earlier in the year there were, and remain problems in Belarus with the legitimacy of[…..]

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    Russia, Malta Update Double Tax Treaty

    Russia and Malta have signed amendments to their Double Tax Agreement, to come into effect from January 1st 2021. The amendments increase interest and dividend tax to 15%, while also defining a list of exceptions. “Exceptions are provided for institutional investments, as well as for public companies, which have at least 15% of their shares[…..]

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    Murmansk To Promote Arctic Gastronomy Trade and Tourism

    Opportunities for International Chefs And Restaurants  The Russian Arctic capital city of Murmansk, close to the borders with Finland and Norway in Northern Europe, has laid out plans to develop as a gastronomic centre promoting Arctic foods.  Regional Governor Andrei Chibis said at the ‘Accessible Arctic’ forum this week that “We want to offer appropriate economic incentives to[…..]

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