Russia Opens Feedback Window on New Global Tax Rule

The Russian Ministry of Finance has opened a public review of a draft regulation that will:

List countries where foreign tax laws allow worldwide companies to be taxed outside their borders.
Be part of the Pillar Two framework, a global effort to set a minimum tax rate for multinational firms.
Come into force on January 1, 2027.

Consultation Window

Deadline for comments: July 28.
Targeted audiences: businesses, tax experts, and the public.
Focus areas: impact on Russian companies operating abroad and alignment with Russia’s own tax policies.

Selection criteria for jurisdictions are clearly explained.
Implementation roadmap is outlined.
The Ministry has posted the draft order and an explanatory note online for anyone interested.

Global tax avoidance crackdown: Many nations are adopting Pillar Two to curb large‑corp tax evasion.
Fair share of taxes: Russia wants its enterprises to pay a proportionate amount regardless of where income is generated.
Leveling the playing field: The regulation aims to match Russian firms with those already subject to similar rules worldwide.
International cooperation: Signals Russia’s commitment to aligning domestic law with global standards.