Revised draft legislation to amend Russia's tax code was posted by the Russian Ministry of Finance on 27 May 2014. The draft includes changes to Russia's rules on thin capitalization and taxation of gains from real estate, as well as previously covered changes to rules on controlled foreign companies, tax residency and treaty benefits eligibility.
Thin Capitalization
Currently, Russia's thin capitalization rules limit the deductibility of interest on controlled debt when the debt-to-equi…