On 27 November 2024, the Federation Council approved a bill to amend the rules for tax accounting of online advertising costs.

Under the amendments, advertisers' expenses for the distribution of advertising will not be taken into account for the purposes of determining the tax base for profits tax.

The team of VERBA LEGAL's tax practice comprising Counsellor Evgenia Zainchukovskaya, Senior Associate Andrey Sheptiy and Paralegal Altana Lidzhieva explains the essence of the restrictions introduced in the Alert.