Russia has published Federal Law No. 389-FZ of 31 July 2023, which contains various amendments to the Russian Tax Code. Some of the key measures include:

• The extension of the current limit on the offset of carried forward losses that has applied since 1 January 2017, so that the offset of carried forward losses is limited to 50% of taxable income per year until 31 December 2026 (previously, 3…