On 3 June 2015, the Russian Federation Council (upper house) approved Draft Law No. 714002-6, which includes a number of amendments to the country's controlled foreign company (CFC) and tax residence rules. This completes the parliamentary process, as the law was approved by the State Duma (lower house) on 22 May. The main amendments are summarized as follows.
Income Exemption for Active Foreign Holding Companies
Profits of active foreign holding companies and active foreign sub-holding co…