Russia has published Federal Law No. 305-FZ of 2 July 2021 in the Official Gazette, which contains various amendments to the Tax Code. With regard to income tax, some of the main changes include the following:

• The current 50% carried forward loss offset limit that was scheduled to expire on 31 December 2021 is extended to 31 December 2024;
• A new clause is added with effect from 2 August 2021 …