Articles by Mikhail Zausalin

Taxing Investments: Supreme Arbitration Court Forbids Investment Contracts

  • 20 September 11
  • Pepeliaev Group

On July 11, the Plenum of the Supreme Arbitration Court adopted Resolution No. 54 on certain aspects of the resolution of disputes arising from agreements with regard to real estate that will be built or purchased in the future (hereinafter — "Resolution"). Though, formally, the Resolution only touches on the issue of determining the status of future real estate in terms of the civil law, its conclusions may fundamentally change taxation of the whole investment industry.

When Should a Property Be Classified as Fixed Assets?

  • 15 March 11
  • Pepeliaev Group

Property tax is levied on property treated as fixed assets for accounting purposes. However, Russian accounting regulations (PBU 6/01) do not specify when property should be classified as fixed assets.