On Thursday, October 31, the Swissôtel Krasnye Holmy Hotel hosted an “Open Discussion on Tax Aspects for Representatives of the People's Republic of China”. Tax Compliance was one of the organizers of the event. 

The event was attended by more than 100 companies from Russia and China, 422 companies joined the online broadcast in China. 

The speakers of the event were representatives of the Federal Tax Service, experts from the scientific community and leading TC lawyers, and the guests were representatives of Chinese companies doing business in Russia. 

During the sessions Tax Compliance lawyers spoke about the current changes in the tax policy of the Russian Federation, legislative innovations and trends in related areas: 

• TC managing partner Mikhail Begunov told the guests of the event about what will change in personal income tax in 2025;
• TC tax consultant Anastasia Arzhanova spoke on “International transportation: VAT rate on the Russian section”;
• TC tax consultant Sergey Ivanov spoke about approaches of law enforcement practice in the issue of customs value of goods. 

Gao Qi, General Representative of the China Committee for the Promotion of International Trade in Russia, who took part in the event, emphasized that this large-scale discussion will allow to identify trends and develop practical recommendations for the authorities and businesses for further successful development of trade, economic and business relations between Russia and the PRC. 

“Currently, relations between China and Russia are experiencing the best period in history. Economic and tax, trade and investment cooperation between the countries is developing both quantitatively and qualitatively with remarkable results and broad prospects, ” Gao Qi emphasized. 

According to Alexandra Kadet, Head of the International Taxation Department of the Federal Tax Service of Russia, 9 thousand taxpayers with Chinese participation and permanent representative offices of Chinese companies will be registered in Russia in 2024, which is 37% more than in 2022. 

It is natural that tax administration is one of the most pressing topics for Chinese businesses in Russia. 

“It is very important to have information not only in the process of doing business, but also at the time of making investment decisions. Therefore, we need to create platforms for open dialog not only between the tax administrations of our countries, but also for informing our taxpayers, ” Alexandra Kadet concluded.