In February 2022, Russia made changes to the Tax Code, improving the Special Administrative Region (SAR) regime in line with EU feedback, reports the Ministry of Finance of the Russian Federation. The changes provide an opportunity for Russian companies to relocate to the SAR, strengthen the requirements for actual presence in the SAR, and also limit the validity period of the “grandfather” clause to 2025.
Ministry of Finance: Russia does not know the reasons for including it in the list of non-cooperative EU jurisdictions KXan 36 Daily News
Date: April 25, 2024 Time: 12:15:06
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