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Legal Digest | July 2011


Please click HERE to view the July edition of CMS, Russia Legal Digest.


— President signs law on transfer pricing
— President signs law on expanding the list of grounds for restoring VAT
— Tax Service amends selection process for field audits
— Ministry of Finance clarifies which documents may be used to prove application of the simplified tax system
— Tax Service clarifies grounds for recognising tax benefits as unjustified
— Supreme Arbitration Courts declares tax authorities not responsible for reimbursing fees for pretrial settlements
— Supreme Arbitration Court decides that companies are entitled to immediate VAT recovery

Banking & Finance
— State Duma adopts draft law on expanding the list of illegal currency transactions

— Rules regulating franchising agreements amended
— Common Free Market Zone countries continue to strengthen ties
— Administrative Offences Code amended
— President signs federal law on personal data

— Federal Antimonopoly Service reserves right to approve shareholders' agreements