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Legal Briefing
New rules for investment and construction in Russia - the tax implications
Practice Area: Corporation Tax
Sector: Construction
Jurisdiction: Russian Federation
Published: 13 October 2011
Law Firm: Pepeliaev Group
Overview
On 28 July 2011, Russia's Supreme Arbitration Court published a resolution which has direct implications for construction and investment activity in the country. The resolution creates substantial tax risks for all those involved in the sector, such as builders, investors and developers.
In this briefing, Pepeliaev looks at the main provisions of the resolution and their impact on taxation, and why organisations involved in investment relationships entailing the construction of real estate facilities must urgently assess whether they need to review their tax obligations.
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