#1. Amendments in Legislation Enforced in 2019

Dear readers,

We are happy to welcome you in the pages of our seasonal in-house journal
“Korpus Prava.Analytics”. Traditionally, the winter issue highlights interesting topics and major changes in legislation, which are relevant in the new year.
Every year the tax authorities introduce new tools and control measures, striving for transparency and meaningfulness. One of such tools is the international automatic exchange of financial information with the competent authorities of foreign countries (CRS-exchange). The senior lawyer Anna Senchenko in her article explains in detail the way it works.

In 2018, it became clear that the “digital era” had begun in the economy. So, in the process of preparing for any transaction, you can find out information about the activities of the counterparty, using one of the information databases. What kind of information can be obtained through such databases, as well as other nuances, is revealed in the pages of our new issue.

Great attention was paid to the issue of counterparty verification in Hong Kong, since in 2018 Hong Kong companies providing corporate services became licensed, which implies compliance with the relevant legislation in force. What are the main functions of he Compliance Department, and what is included in the integrated assessment of clients — these and many other questions are highlighted in the article of our compliance-officer Irina Otrokhova.

In addition, in the pages of the magazine you will find interesting information about the amendments to the Inheritance Fund through the example of Alfred Nobel’s testament, and also learn about current changes in legislation in 2019.

We hope that the materials we have prepared will be useful for you. Our experts are always happy to reply to your questions, comments and offers.

Enjoy reading!

Artem Paleev
Managing Partner
Korpus Prava

Anna Senchenko, LL. M.

Leading Lawyer

Tax and Legal Practice

Korpus Prava (Russia)

In 2013, the OECD developed BEPS Actions Plan, a plan against the tax base erosion and profit shifting. The main goal of this plan is to solve the problem of double non-taxation or incomplete taxation.

Irina Otrokhova

Chief Compliance Officer

Corporate Services

Korpus Prava (Cyprus)

The past year brought significant changes to Hong Kong corporate administrators. Since 2018, provision of corporate services and nominal services has become licensed, and the Registrar of Companies has become responsible for issuing licenses.

Tatiana Frolova

Leading Lawyer

Korpus Prava Private Wealth

In 2018, amendments to the Civil Code regulating the institute of inheritance funds entered into force. Thus, our legislator is trying to adapt the Russian law to the requirements and demands of the modern world.

Olga Kuramshina

Ex-Leading Lawyer

Tax and Legal Practice

Korpus Prava (Russia)

One of the most discussed topics throughout 2018 was active implementation of a risk-based approach among tax authorities. This article covers the highlights of 2018 associated with the advent of the "digital era" of taxation.

Svetlana Sviridenkova


Audit Practice

Korpus Prava (Russia)

Since January 1, 2019, numerous changes to the Tax Code and other laws of the Russian Federation have become effective. The most debatable among them are VAT rate increases and changes in the procedure of pension assignment and payments.

Roman Moskovskikh


Tax and Legal Practice

Korpus Prava (Russia)

It is commonly known that technically the case law in the Russian legal system is not a source of law. Nevertheless, actual development trends in the resolution of certain legal issues are stipulated by the case law.

Alexey Oskin

Deputy Director

Tax and Legal Practice

Korpus Prava (Russia)

At the end of 2018, several enactments were adopted to introduce significant amendments to the tax legislation of the Russian Federation. Among them: the introduction of a tax for the self-employed, changes in the field of transfer pricing, changes in the legislation on CFC.