Federal Law No. 436-FZ was published in Russia's Official Gazette on 29 December 2017. The Law provides a number of amendments to clarify the country's controlled foreign company (CFC) regime as it applies from 1 January 2015. The final amendments are generally in line with the draft consulted on ({News-2017-09-29/P/2-previous coverage}), with some changes. Key points include:
- The procedures for determining CFC income from financial asset transactions include that:
- For assets acquired in 20…