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The US Department of the Treasury has extended the validity of the document allowing payments to be made in favor of the Russian Federation. Such an extension may be the last due to the imminent entry into force of the Decree of the President of the Russian Federation on the…
Since 2022, the Russian Federation has had a temporary restriction on planned and unscheduled inspections of businesses. This measure was necessary to stimulate the economy during the pandemic. This moratorium had a positive impact on business, which sparked a discussion on the abolition of inspections. The moratorium on inspections was…
Despite the current global crisis, Chinese companies are increasing their presence in the Russian market. The emergence of business relations between the countries began almost 30 years ago and the pace of the presence of Chinese companies is only increasing. Thus, the presence of the Chinese in the Russian market becomes significant.
On July 1, 2024, Federal Law N 100-FZ entered into force, which amends the Tax Code of the Russian Federation. A significant part of it is dedicated to the regulation of trade among sellers from EEU countries via electronic trading platforms. The main changes within the framework of this law…
Since 2022, it has been established that it is necessary to obtain a permit for transactions with a resident of an “unfriendly” country. The types of transactions that need to be authorized before they are made are specified in special presidential decrees. Which operations are subject to restrictions Several transactions…
The Federal Tax Service (FTS) plans to introduce an automated system to determine the tax residency of individuals by 2025. The new system will be based on data on foreign passports and movement across the border, as opposed to the current method of determining status by stamps in passports. According…
Tax depreciation is a critical aspect of financial management for businesses, offering opportunities to offset taxable income by accounting for the depreciation of assets used in income-generating activities.
Exchange trading and settlements in dollars (US and Hong Kong dollars) and euros are suspended at Moscow Exchange following the introduction of a new package of sanctions by the US on 13 June. The government spokesman said the situation is under control – the government and the Bank of Russia…
China and Russia are strengthening their strategic partnership to counter U.S. sanctions and balance NATO’s actions in the region. On 16 May 2024, the leaders of both countries expressed their determination to deepen military, economic and technological cooperation. An analysis of the documents shows that China is a strategic competitor…
Since the beginning of the Special Military Operation and the introduction of many sanctions against the Russian Federation, foreign businesses have faced a number of difficulties, primarily forced pressure from their own governments, in order to leave the Russian market and comply with sanctions policies. At the same time, the…
Anti-sanctions legislation is a key aspect in structuring corporate transactions and a priority point of legal review of assets with a foreign component. The application of this legislation affects the timing of transactions, the amount of additional financial expenses of the parties and, in certain cases, the legality of ownership…
A limited liability company (LLC) and a joint-stock company (JSC) are two forms of business, which differ from each other in the methods and complexity of management, distribution of authorised capital and other characteristics.
