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Instructions following the meeting with representatives of Russian business circles and associations

October 6, 2017

The President approved a list of instructions following the meeting with representatives of Russian business circles and associations on September 21, 2017.

The Government of the Russian Federation has been instructed to submit to the State Duma the draft federal law prepared by the Ministry of Finance on introducing amendments to the first and second parts of the Tax Code of the Russian Federation (specifying the rules of taxation for controlled foreign companies).

The Government has been instructed to consider extending the transition period during which a controlling party may be granted relief from criminal responsibility for failure to pay taxes in part or in full as a result of a controlled foreign company’s profits not being included in the tax base, provided there is full compensation for the damage to the budget system of the Russian Federation.

The Government has also been instructed to oversee the introduction of amendments to the legislation of the Russian Federation, aimed at settling issues regarding the construction of social, utility and transport infrastructure and the transfer of these facilities to government or municipal property under a comprehensive real estate development plan.

In addition, the instructions to the Government concern the participation of small and medium companies in procurement and the establishment of uniform rules for instituting, calculating and collecting non-tax payments.

The Government has been instructed to review, in cooperation with the Supreme Court of the Russian Federation, the upgrading of arbitration procedures (mediation), including the use of mediation during the hearings of state courts.

October 6, 2017