Transfer pricing bill passes second and third readings in Russian Parliament

Tax Insights ()

On 7 and 8 July, a bill setting new transfer pricing rules in Russia was passed after its second and third readings by the lower chamber of the Russian Parliament, the State Duma. Since the first reading on 19 February 2010, the bill has been updated by the Russian Ministry of Finance and the State Duma Committee on Budget and Taxes after adopting certain proposed amendments.