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25 July 2017

The GDP of Russia: what to expect in 2017? Commentary from Nina Kozlova for Seychas.ru

1.4% is an expected increase of the GDP of Russia in 2017. In 2018, the economic growth will be analogous according to the International Monetary Fund (IMF). Such forecasts are contained in the July review of the World Economic Outlook. As for the global GDP, the IMF has forecasted the growth of 3.5% for the current year, 3.6% for the forthcoming year. The growth in global trade as to goods and services is believed to be increasing to 4% in 2017 (2.3% in 2016), and its decrease to 3.9% in 2018 is expected. According to the IMF’s previous statement, the role of the government in the economy of Russia keeps increasing. What are the forecasts for Russia’s GDP according to the experts from Seychas.ru?


1 July 2016

What are BEPS

Base erosion and Profit shifting is a tax planning strategy employed by many Multinational Entities (MNE's), which have tried to evade the payment of tax in the jurisdiction in which they operate by shifting their profits to tax havens in which they have incorporated related entities, thus paying lower or no Corporation tax. This is particularly concerning as most of the developing countries in which the profits are being shifted to rely heavily on Corporation Tax income.


9 November 2014

Transfer pricing

Major provisions of Federal law No. 227-FZ dated 18 July 2011 "On introduction of amendments into certain legislative acts of the Russian Federation in connection with improvement of principles of price definition for tax purposes" came into effect on 1 January 2012, leading to substantial changes in the Russian legislation on transfer pricing.


9 November 2017

Announcement of voluntary certification for auditors. Natalia Borzova‘s comment in “Kommersant”

For preselection of auditors engaged with financial sector, the Central Bank announced voluntary certification of audit companies. The Central Bank is going to learn all about company's activities and each employee since 2014. Market participants consider the Central Bank's proposal somewhat premature. However, volunteers have already emerged.


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