Latest News

Is activity out of OKVED code a violation?

Russian Classifier of Economic Activities (OKVED) is a list of the types of economic activity under certain codes. Companies-taxpayers choose their ...

Nov, 14 2018


Tax confidential information– open to public

On June 1, 2018 Federal Tax Service of Russia launched online-service called “Transparent business” providing public access to information regarding companies. ...

Nov, 12 2018


Family business - new for Russian law

Minister of Economic Development of Russia announced that the term “family business” may appear in Russian legislation. It will be the ...

Nov, 06 2018


VALEN moves to Moscow city

Since November 9th VALEN moves to Moscow City. Our new office location is Presnenskaya Naberezhnaya 6, bld. 2, Imperia Tower, 8th ...

Oct, 29 2018


Business splitting – optimization or violation?

Many companies build their business in such a way that their business operations and assets are not concentrated in one legal ...

Oct, 24 2018


Paper accounting reports to be cancelled

According to this draft law, electronic form of accounting report will be main one. Taxpayers won’t have to submit duplicated paper ...

Oct, 22 2018


How to calculate «Google Tax»

So called «Google Tax» has been being in force in Russia since 2017.  It was adopted to protect Russian IT companies ...

Oct, 09 2018


Personal data: change of responsibility

According to the Russian legislation, personal data is any information that relates to an individual.   Based on law and practice ...

Oct, 01 2018


New changes to Tax Code

New amendments to the Tax Code entered into force on September 3, 2018. Changes affect different areas of tax law, especially ...

Sep, 28 2018


Mandatory staff positions. Check list

Companies in Russia are obliged to have certain positions in the staff list. Labor books Every company should have a person ...

Sep, 19 2018


Public holidays and non-working days in 2019

Schedule for 2019 will be the following:   - from 1 to 8 January; - 8 March; - from 1 to ...

Sep, 10 2018


Taxation of electronic services

The Tax Code of Russia includes into the list of electronic services: granting rights of use of computer programs via Internet ...

Sep, 03 2018


Commercial secret. How to impose liability?

Employees are generally responsible for disclosing commercial secrets in the company. The employee disclosed a commercial secret should be dismissed. Nevertheless, ...

Aug, 28 2018


Offshores will be established in Russia

Offshores residents will receive special status, that provides the preferential tax treatment for the dividends and the mitigation of the restrictions ...

Aug, 06 2018


“Unreliable legal address“ notification - what to do?

According to the Russian legislation, in the case when the company has received the notification that the registered address in not ...

Jul, 30 2018


Agency contract - what can draw attention of tax authorities

Some companies use agency contract as an instrument of tax reduction. Federal Tax Service fight against it, however sometimes even companies ...

Jul, 23 2018