Tag: Russia
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Federal Law No. 340-FZ of 27 November 2017 (Russia)
The key points regarding Federal Law No. 340-FZ of 27 November 2017 in Russia are: The law requires members of multinational enterprise (MNE) groups with annual consolidated group revenue over RUB 50 billion to file a Country-by-Country (CbC) Report, global documentation (Master File), and national documentation (Local File), as well as a notification on their…
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Country-by-Country Reporting (CbCR) Regulation in Russia: A Comprehensive Guide
Country-by-Country Reporting (CbCR) is a vital component of international tax compliance for multinational enterprises (MNEs). In Russia, the Federal Tax Service (FTS) has implemented specific guidelines aligned with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. This article provides Chief Financial Officers (CFOs) and financial executives with a comprehensive understanding of the CbCR…
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How CbC reporting is presented in Russia
Country-by-country (CbC) reporting is a financial report that multinational corporations must submit in many countries as part of a global initiative to combat tax evasion and tax avoidance. In Russia, the CbC reporting requirement was introduced in 2018 and is applicable to multinational companies with consolidated group revenue of more than 50 billion rubles (approximately…
