Elena Novikova

Elena Novikova

Of Counsel
Elena Novikova
Biography
Recent work
Publications and Insights
Rankings and awards

Elena Novikova is an Of Counsel in the Tax Practice at ALRUD Law Firm.

Elena is one of the key specialists of the Tax Practice, for the tax and currency control issues.

During the last few years, Elena has advised on a number of large-scale projects connected with restructuring of the clients’ businesses, due to significant changes of the Russian and international tax law and practice. Additionally, she leads major projects related to international taxation and M&A deals.

Together with ALRUD’s Tax Team, Elena has accumulated profound experience in interaction with the Russian tax authorities on tax and reporting matters. Elena graduated from Moscow State Academy of Business Administration.

Elena joined ALRUD in 2005.

Elena is ranked as recommended lawyer by Legal 500 and is the member of International Bar Association. In addition, she has financial a qualification and holds FCCA status.

Includes advising and representing:

A Singaporean multinational commodity trading company, one of the largest oil and metals traders,

on structuring and cross-border tax issues, related to the purchase of a stake in a large Russian energy business.

UFC

in the creation of a joint venture with RCIF and Mubadala, focused on the development and expansion of UFC’s business in Russia and CIS.

A major European investment fund

in a tax investigation which was aimed at auditing tax compliance of the distribution network of a Russian independent distributor, which included more than 50 companies from different regions of the Russian Federation. The client relied on results of the tax investigation to make a final decision on the acquisition of one of the leading European groups of companies, which produces hair care products.

A leading European real estate management firm

regarding Russian taxation of a prospective M&A transaction.

One of the largest coal mining and processing complexes in Kuzbass

during its on-site tax audit, related to the justification of the transfer of the tax losses to future periods and accounting for the interest expenses on loans, issued for the development of the project.

Russian group of development companies, with foreign corporate and financial structures,

regarding corporate, organizational and finance restructuring, which was required to minimize potential tax risks trigged by recent changes of the Russian tax law.

State Oil Fund of the Republic of Azerbaijan (SOFAZ)

on post-closing tax issues in the acquisition of Gallery Actor, mixed-use office and retail complex located in Moscow.

The largest worldwide online retailer,

during its multinational project, on launching an online marketplace, for the sale of the software. Assessed the tax implications and provided advice on structuring the agreements and Client’s business in Russia, from the tax law perspective.

The Russian Sovereign Wealth Fund

on tax issues in relation to the infrastructure projects, for building and reconstruction of the highways in Russia.

Sojitz Corporation

on tax issues for several joint venture projects in Russia, related to the automotive industry.

UHNW

on tax and other compliance issues, within a complex project of disclosing and restructuring of its foreign holding structure. The project resulted in the settlement of the new international structure for private and commercial assets, which allows holding and managing business assets, in full compliance with the Russian tax and currency control law.

Family office of a private investor

in respect of the choice of the legal structure and relevant jurisdiction for performing international investment activity, taking into account tax and corporate issues as well as protection of the client’s assets.

Update. Partial suspension of the Double Tax Treaties with “Unfriendly States”
On August 8, 2023 the President of the Russian Federation signed and published new Decree 'On suspension by the Russian Federation of certain provisions
08 August 2023
Temporary suspension of the Double Tax Treaties with “Unfriendly States” and implementation of the “windfall tax”
As a matter of important update that may impact potential and scheduled payments of dividends, interest, royalties and other similar...
19 May 2023
Elena Novikova spoke at the conference “Tax control: outcomes of 2022, expectations for 2023”
On 28 November, [Elena Novikova](https://www.alrud.com/people/ElenaNovikova/ 'Elena Novikova'), ALRUD Tax Practice Of Counsel, spoke at the conference “Tax control: outcomes of 2022, expectations for...
29 November 2022
Updated list of countries that automatically exchange information with Russia
On 5 October 2022, the Russian Federal Tax Service published the draft [Order “On the Approval of the List of States (Territories) That Automatically Exchange Financial Information”...
13 October 2022
Elena Novikova spoke at the conference «Tax control in 2022. Main trends, challenges, and prospects»
On April 22, 2022, [Elena Novikova](https://www.alrud.com/people/ElenaNovikova/ 'Elena Novikova'), Of Counsel in ALRUD Tax Practice, spoke at the conference «Tax control in...
27 April 2022
ALRUD team prepares Russian chapter for Thomson Reuters Practical Law Private Client Global Guide
Experts from the [Private Clients](https://www.alrud.com/services/PrivateClients/ 'Private Clients') and [Tax](https://www.alrud.com/services/Tax/ 'Tax') practices prepared the Russian chapter for the...
26 December 2021
Best Lawyers, 2022 recommends Elena Novikova for Tax Law.
The Legal 500, 2021 recommends Elena Novikova for Tax.
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