The regime of tax on fixed controlled foreign companies’ profits in modern conditions

Andrianova Natalia

At the end of 2020, amendments were made to the Russian tax legislation, which led to the emergence of a new regime - the payment of a tax on fixed controlled foreign companies’ profits. The establishment of such a tax regime allowed individuals - controlling persons to pay taxes on all controlled foreign companies in respect of which they are recognized as controlling persons in a fixed amount of 5 million rubles. The article analyzes the main advantages and disadvantages of such a tax payment regime in modern conditions.

Keywords:deoffshorization, controlled foreign companies, tax planning, tax compliance, tax evasion.