Garant. Daily monitoring of the Federal legislation от 31 мая 2024

Garant. Daily monitoring of the Federal legislation at 31.05.2024

• Federal Law No. 123-FZ of May 29, 2024 on amending Article 251 of Part Two of the Tax Code of the Russian Federation - The procedure for exempting grants from income tax has been clarified
  
   
• Federal Law No. 122-FZ of May 29, 2024 on amending Article 7 of the Federal Law on Countering the Legalisation of Illegal Earnings (Money Laundering) and the Financing of Terrorism and Article 10 of the Federal Law on the National Payment System - The limit on money transfers with simplified client identification will be 100 thousand roubles
  
   
• Federal Law No. 121-FZ of May 29, 2024 on amending Articles 217 and 284.2 of Part Two of the Tax Code of the Russian Federation - Amendments to the Tax Code regarding the acquisition of property from controlled foreign companies were adopted
  
   
• Federal Law No. 119-FZ of May 29, 2024 on amending Article 7 of the Federal Law on Countering the Legalisation of Illegal Earnings (Money Laundering) and the Financing of Terrorism - The list of persons entitled to carry out simplified identification within the framework of the anti-money laundering law has been clarified
  
   
• Federal Law No. 111-FZ of May 29, 2024 on amending Article 150 of the Criminal Code of the Russian Federation - It was decided to supplement the article of the Criminal Code of the Russian Federation on the involvement of minors in crimes
  
   

Dear colleagues,

this Newsletter to be sent once a week on Fridays in order to keep you informed of the most significant legal developments in the Russian legislation and to assist you in navigating within the ever-increasing information traffic.

You may apply to the GARANT Company for the current wording of any document contained in the newsletter. This is the most reliable option to obtain translations of the Russian legal acts that are being updated weekly.

Visit our website and enjoy some privileges:  

• ordering fix price documents
• demo-version of GARANT system online 

News of the week

The Russian Ministry of Finance has approved a Special List of states and territories that provide preferential tax treatment and (or) do not provide for the disclosure and provision of information when conducting financial transactions (offshore zones). The special list of offshore zones includes 40 countries.

It applies to tax periods 2024-2026 for income tax and personal income tax for the purposes of exemption from taxation of CFC profits, determining the tax base for income tax and applying tax rates for income tax.

! Documents' full texts are avaiable in the commercial version of the Garant database «Legislation of Russia in English»

More helpful information

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The program is sent to potential participants. Participation is free! 

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Important documents of the week that you might have missed

• Decree of the President of the Russian Federation No. 430 of May 20, 2024 - temporary procedure for acquiring exclusive rights of certain copyright holders and fulfilling monetary obligations to certain foreign creditors and entities controlled by them.
• Information letter of the Bank of Russia No. IN-08-12/31 of May 15, 2024 - strengthening control of credit institutions over the activities of the bank payment agents they engage.

You may apply to the GARANT Company for any document from the newsletter in its current wording. Visit our website and enjoy some privileges: 

• ordering fix price documents
• demo-version of GARANT system online