Latest News

Tax free in Russia – first results

Since April 10th, the Tax free system has been operating in Russia. It allows foreigners, who export purchased in Russia goods, ...

Dec, 11 2018


Self-employment tax

According to International Monetary Fund research unofficial earnings in Russia make up more than 30% of country’s GDP. In order to ...

Dec, 04 2018


Russia in Doing Business rating

Russia ranked 31st in a new rating of ease of doing business, which was published by the World Bank. Compared to ...

Nov, 28 2018


VAT increase in Russia. Necessary actions

New amendments to the Tax Code changing VAT rate for the first time since 2004 will come into force on January ...

Nov, 22 2018


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