‘Deoffshorisation’ of Russian economy: draft law on controlled foreign company legislation and other measures

On 18 March, the Russian Ministry of Finance published a draft law on anti-offshore measures. The draft introduces three concepts: controlled foreign companies (CFC) rules; Russian tax residence for foreign companies based on tests of management and control; and new rules on taxation of the indirect disposal of Russian real estate.

Implementation of the new legislation will provide the Russian tax authorities with legal mechanisms for taxing international corporate and private structures. Increased international exchange of information will allow the authorities to track down those structures and tax their Russian owners. Consequently, you should review and revise both your corporate and private international arrangements as a matter of urgency.

Withers has set out below the key provisions of the draft and summary comments…

Click on the link below to read the rest of the Withers briefing.

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Withers

  • Family law revolution

    22 April 2014 marked ‘the largest reform of the family justice system any of us have seen or will see in our professional lifetimes’, according to the president of the Family Division.

  • A day out with the Charity Tax Group

    Withers’ Graham Elliott discusses the points he found most interesting from this year’s Charity Tax Group annual meeting.

View more briefings from Withers

Analysis from The Lawyer

Browse This Firm’s


16 Old Bailey
City of London

Turnover (£m): 123.30
No. of lawyers: 313