The Russian Federal Tax Service has issued a notice that on 1 October 2017, the penalty for late tax payment will be increased for companies if exceeding 30 days delay. The increase was introduced by Law No. 401-FZ ({News-2016-12-07/A/4-previous coverage}), and includes that if payment is more than 30 days late, the penalty is increased from 1/300 to 1/150 of the Russian Central Bank's refinancing rate (currently 9%) for each day of delay starting on the 31st calendar day.