Russia has published Federal Law No. 163-FZ of 18 July 2017 in the Official Gazette, which introduces new general anti-avoidance rules. The rules are introduced as a supplemental amendment to Article 54 (General Matters of Tax Base Calculation) of the Tax Code, which includes the addition of Article 54.1. The new Article provides that:
- Taxpayers are not allowed to reduce the tax base and (or) the amount of tax payable as a result of the distortion of information/facts in relation to economi…