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Corporate and tax webinar

  • Russia

    30-06-2020

    Paying dividends in international corporate structures: checklist of the main required steps by Eversheds Sutherland

    Eversheds Sutherland is launching a series of corporate and tax webinars that will shed light on the most risky legal and tax aspects associated with doing business in Russia. This series opens with a webinar on the payment of dividend in international business structures.

    The payment of dividends is often a cause for tax disputes and corporate conflicts, and it is given increased attention when acquiring a business.

    At the same time, at the initiative of the Russian President, work has begun to increase the tax rate for paid dividend and interest income to “transit” jurisdictions, withheld at the source, to 15%. Also, in early June, the Russian Finance Ministry published a bill that would restrict the use of a “look-through approach” when paying dividends. These and other changes in tax legislation make even standard dividend payment the object of close attention from the tax authorities.

    Given that deadlines to hold ordinary meetings of corporate bodies have been postponed, Russian companies now have more time to prepare and take into account all pressing issues raised by dividends payment, include the correct and safe adoption of necessary documents.

    Eversheds Sutherland attorneys will during this webinar also explain how to prevent possible corporate conflicts and how to minimize the negative effect of the tax changes currently under consideration.

    Date and Place

    7 July 2020 – Zoom (details of the videoconference will be sent to registered participants one day ahead of the webinar)

    Program

    11:00 - 11:20 – checking companies for compliance with legal requirements when paying dividends: checklist of the main required steps by Eversheds Sutherland

    11:20 - 12:00 – complying with the terms of participation and investment in order to apply reduced rates under tax treaties in a dynamic business structure

    12:00 - 12:30 – issues related to dividends payments when structuring transactions for the sale or acquisition of Russian companies

    12:30 - 12:50 – tax rate increase on dividends to "transit" jurisdictions: is this a reason to restructure your business?

    12:50 - 13:20 – application of a look-through approach and reasonable confirmation of the beneficial ownership of income with examples for popular corporate structures

    13:20 - 13:30 – questions and answers

    Target audience

    This webinar will be of interest to Finance Directors, heads of tax departments, chief accountants, lawyers, and other employees responsible for tax matters inside their company

    Speakers

    | Andrey Grachev, counsel, head of the tax practice at Eversheds Sutherland

    | Anton Bakov, counsel in the corporate practice at Eversheds Sutherland

    | Leyla Ibragimova, senior associate in the corporate practice at Eversheds Sutherland

    | Daria Korshakova, associate in the tax practice at Eversheds Sutherland

    The event will be held in Russian. Participation is free of charge and participants should register in advance. Please confirm your attendance by sending an email to Anna Ermolova by 3 July 2020 by email to anna.ermolova@eversheds-sutherland.ru or by phone at +7 495 662-6434.

    If this webinar may be of interests to any of your colleagues, please circulate this invitation. 

    Looking forward to seeing you there!

    Our webinar series are a new format for our business-breakfast series, which will be familiar for our clients. They are an outstanding opportunity to stay up-to-speed on legislative changes and to discuss current topics with other professionals. Webinar topics will touch on all areas of corporate and commercial law, and are intended for lawyers, financial departments, HR staff and other company employees working with the relevant topics.

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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