MOSCOW TIGHTENS TAX REGIME FOR FOREIGN COMPANIES.

Publication: Monitor Volume: 1 Issue: 54

Foreignfirms doing business in Russia will now have to use specifiedRussian banks, rather than Western ones, and will have to reportthe specific sources of their income to the Russian tax authorities,according to new tax rules published by the financial weekly Interfax-AiFon July 17.

Russian Banking System Seen at Risk.