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2024 is the year of global changes in the simplified taxation system (STS), which will affect both entrepreneurs and organizations. During the first year of the single tax payment and the single tax account, a transitional period was introduced, within which it was allowed to use payment documents as a…
A new amount of state fee for accreditation of branches and representative offices of companies will be introduced for companies from the states of the Eurasian Economic Union. Now it is 4,000 rubles (40€). Previously, the amount of the fee was 120,000 rubles (1,200 €). The EAC include 5 countries:…
Organizations and individual entrepreneurs engaged in professional commercial activities can choose the most appropriate tax regime that best suits the structure of the company’s activities. A simplified taxation system is one such option. The simplified taxation system, abbreviated STS, is a special taxation system for enterprises and individual entrepreneurs. Under…
Now, in order to receive certain types of subsidies, the authorities will be required to introduce artificial intelligence into their business processes. This should increase the demand for developments in the field of artificial intelligence and help in its development in various fields. According to statistics, within three years the…
In the second reading, a bill was adopted that allows organizations to apply tax benefits when working with foreign counterparties. Now, if the contract was concluded with a foreign company before March 5, 2022, it will be possible to apply the same benefits that were previously available under double taxation…
The State Duma is working on a bill on the Business ID, which will allow companies to use an email address instead of a legal address. It is also planned to create a new digital platform for the implementation of this initiative. The Parliament plans to consider this bill in…
In most cases, the income of non-residents is subject to personal income tax at a rate of 30%, but in some cases there are a number of exceptions. The dividend rate does not depend on the size and amount of income and is 15% of the total amount of revenue…
A permanent residence permit (PRP) is required if you are applying for Russian citizenship. This document is a permit for a permanent staying in the country that grants the migrant most of the rights that Russians have. A foreigner who has officially registered this status can freely work in local companies, conduct business, and move from region to region. They can even count on a local pension if they work permanently in the country.
Armenia is one of the EEA countries that attracts foreign investment more and more every year with its simplified company registration procedure, government support for investors, as well as a significant number of trade agreements. Armenia has official channels in the field of cooperation with countries such as the USA, Canada, Japan and others. In addition, Armenia cooperates with the European Union. The country and the EU have a Comprehensive and Expanded Partnership Agreement. The document extends its effect not only to the political sphere, but also to the economic sector.
New bills adopted by the government may abolish taxes on foreign business income if the activity is conducted in favor of Russia, and may also allow the application of reduced rates. At the moment, only Russian business has such an opportunity. The laws should mitigate the consequences of the cancellation…
At the moment, the law obliges companies to pay only 10% of half of the market value of the company’s assets. Now the percentage will increase to 15%, which will complicate the exit procedure – the new law indicates that this percentage is paid from the full value of all…
New rules are being introduced on securities trading platforms – now violators may face criminal liability if violations are detected. The Moscow Exchange acted as an assistant to the Central Bank in regulating legal relations in the market. Most of the new sanctions that the authorities have developed against violators…
