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09 September 2016

Russia issues new version of draft law on BEPS Action 13 implementation

The Russian Ministry of Finance on September 6, issued a new version of the draft law setting forth new transfer pricing reporting requirements for international groups (the Draft Law). The new reporting requirements, in line with the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) Action 13 Final Report (Action 13 Final Report), will apply for the 2017 financial year to international groups whose revenue totals RUB50 billion (approx. US$777 million) or more. Voluntary reporting is possible for financial years prior to 2017. The Draft Law increases the reporting requirements as compared to the previous version dated April 8.

A Tax Alert prepared by Ernst & Young Russia, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1526

Document ID: 2016-1526

 

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