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Sameta’s business breakfast "Foreign assets of Russian and Foreign residents: a new tax reality"

06.10.2017

On October 6, 2017 Sameta tax experts have organized for their clients a business breakfast "Foreign assets of Russian and Foreign residents: a new tax reality".

Within the meeting the following issues has been discussed:

  • International automatic exchange of financial information: content and implication for Russian residents.
  • CFC (Controlled Foreign Companies): liquidate or not?
  • The Paris Convention on measures to counteract the erosion of the tax base: a serious limitation of the possibilities of applying double taxation agreements.

The meeting was moderated by the managing partner of Sameta law firm Alexei Mordovichev.

The Discussion was launched by Dmitry Barskiy, Senior Lawyer of Sameta Tax Practice, who explained what is the automatic exchange of information between the tax authorities, on what grounds and how it will occur between the countries, participants of CRS MCAA.

Revaz Chitaya, Sameta Tax Practice Lawyer, spoke about the methodology for deciding whether to use the CFC's tax-free disposal mechanisms or to retain such a company.

In the final report, Dmitry Rudakov, a Leading Lawyer of Sameta Tax Practice, explained what is the Multilateral Convention (MLI), as well as what changes this convention will bring to the SOIDS (Agreement on Avoiding Double Taxation).

35 Business representatives have participated in the meeting, incl. CEOs, their Deputies, Directors of Legal and Financial Departments of leading Russian and international companies.


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