Financial Services – Weekly Industry News

Russian, Italian state funds agree investment deal-official, Posted on Reuters

Nov 25 (Reuters) – Russia’s state-backed private equity investment fund and Italy’s strategic state investment fund have agreed an investment deal of up to 1 billion euros ($1.35 billion), a senior Italian official said on Monday. [Read More…]  

B2B: Transfer Pricing — First Practical Experiences, By Russia Consulting, Posted on The Moscow Times

Almost two years ago, on Jan. 1, 2012, the new transfer pricing law came into effect. The new rules are in line with international standards (OECD Guidelines on Transfer Pricing), but their concept was, and still is, totally new for the Russian tax authorities. In fact, not even the local tax authority performs transfer pricing audits; a specialized department of the Federal Tax Service does. [Read More…]  

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