Russia has published Federal Law No. 305-FZ of 2 July 2021 in the Official Gazette, which contains various amendments to the Tax Code. With regard to income tax, some of the main changes include the following:
- The current 50% carried forward loss offset limit that was scheduled to expire on 31 December 2021 is extended to 31 December 2024;
- A new clause is added with effect from 2 August 2021 that allows Russian regions to establish a reduced regional corporate tax rate in relation to the in…