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08.09.2023
INCOME TAX FOR FOREIGN COMPANIES: RULES CHANGE FOR CURRENCY CONVERSION AND TAX CALCULATION
On August 31, 2023, amendments to the Tax Code of the Russian Federation came into force. According to the amendments, amounts of tax calculated by a tax agent on the income of a foreign company must be converted into roubles at the official exchange rate of the Central Bank of the Russian Federation set as of the date of payment of the income to a foreign company, but not as of the date of paying the tax, as it was before. The new rule applies to legal relations arising from January 1, 2023.
 

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