Customs procedure under which goods (e.g. equipment, exhibits)  are temporarily admitted into the EACU customs territory.

Leading arbitration tribunal in Russia and in East European countries which deals with resolving disputes of international nature.

Documentation setting forth the scope, contents and other requirements of construction works to be performed under a construction contract.

Customs procedure under which goods (e.g. equipment for repair operations, exhibits) are temporary exported and used outside the EACU customs territory.

Rules that restrict deductibility of interest charged on foreign controlled debt. The rules inter alia apply to loans to a Russian legal entity from a foreign legal entity if the foreign entity owns, directly or indirectly, more than 20% of the Russian entity’s charter capital. The deductibility of interest is restricted to the extent that the controlled debt exceeds net assets by more than three times, or 12.5 times in the case of banks and leasing companies. 

Method of individualising a legal entity that is not specified in its constitutional documents. Trade names are not obligatory for legal entities.

Designation individualising goods or services of legal entities and sole traders, subject to state registration.

form submitted to the client’s bank alongside with other documents in order to trigger the approval of a currency transaction.

Procedure of determining the price of goods and services in certain cross-border and domestic transactions between related parties (e.g. a party is considered related to another party if the former owns more than 25% in the charter capital of the latter) in accordance with the transfer pricing methods set forth in the Russian Tax Code.

Reorganisation procedure whereby the legal entity remains structurally intact, but its type changes (e.g. from LLC to JSC).

Tax applicable to legal entities and individuals who are registered owners of transport vehicles. The tax base depends on the type of the vehicle and its engine capacity, and are set forth in the Tax Code. Regional authorities have the authority to increase or reduce these rates by a multiple of no more than 10 for certain types of motorised transport vehicles.