Russian Tax Changes Impose New Risks on Aircraft Lessees

27 June 2017
View Client Update

Key takeaways

  • As of 1 January 2017, amendments to the Russian tax rules elaborating on the concept of beneficial ownership of income came into force.
  • The amendments may impact the taxation of lease payments made by Russian airlines to foreign counterparties.
  • This Client Update provides a brief overview of the amendments and outlines steps to reduce withholding tax risks to Russian lessees.