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The Ministry is going to amend the law to regulate the NFT (immutable token) in the regulatory process. At the moment, the current legislation does not contain the possibility of issuing NFT, regulation, turnover and protection of token buyers, as well as their attitude to intellectual property rights. It was…
The Ministry of Foreign Affairs has clarified the entry rules for foreigners in connection with the lifting of Covid restrictions. In addition to a passport and a valid visa, a PCR test with a negative result is also required. Now, from 07/15/2022, foreigners can enter Russia without additional restrictions on…
Let ‘s list a number of legislative innovations: 1. An online database of malicious traffic violators is launched. 2. Companies and individual entrepreneurs will be able to use the new procedure for paying taxes, fees, insurance premiums, penalties, fines by transferring a single tax payment to the state budget. Also,…
From July 15, 2022, all previously imposed restrictions on border crossing related to coronavirus will be lifted in Russia. Government Orders No. 635-r of March 16, 2020 and No. 763-r of March 27, 2020 are cancelled. Prior to that, on June 14, restrictions on the entry of foreigners into Russia…
The Ministry of Industry and Trade has compiled a list of goods that can be imported into the Russian Federation through parallel imports. Recently, retail has faced a shortage of brands, the import of which was banned in Russia. Many people are still mistaken that parallel and gray imports are…
The bill also provides for the possibility of VAT exemption for individuals. Deputies are considering a bill that will simplify the receipt of a tax deduction in the form of a zero VAT rate for exporters of Russian goods. A taxpayer who intends to receive zero export VAT is obliged…
The Parliament approved a draft law on simplified obtaining a residence permit for foreigners working in the field of information technology. This will affect employees of Russian companies accredited in the Ministry of Finance. To obtain a residence permit, such foreigners will not need to issue a temporary residence permit….
The Ministry of Finance has abolished the requirement to sell proceeds to raw materials and non-raw exports, as well as foreign exchange business contracts. The new rules come into force on June 10. Prior to that, on June 09, Russian President Vladimir Putin canceled the requirement for the sale of…
The Tax Service has extended the ban on blocking business accounts with arrears for one month. The moratorium is valid until July 1, after which debtors will be required to repay the tax debt within two weeks. The ban on blocking business accounts with debts to the budget was introduced…
The State Duma adopted in the first reading a bill on the management procedure in foreign companies, where the share of foreign business is more than 25 percent. It is permissible to introduce external management only in companies that intend to leave the Russian market. External administration can be introduced…
Russian business will get the right to purchase foreign companies that intend to leave the Russian market. The measures are aimed at adapting the Russian economy and preserving jobs. The government has approved 14 new measures to maintain the stability of the Russian economy in the face of sanctions. The…
Due to the coronavirus, there are restrictions on entry to Russia for foreigners. There is a list of countries whose citizens are allowed to enter Russia for tourist purposes. In this case, entry is allowed by air transport. To enter Russia, a negative PCR test in Russian or English will…
Foreign citizens will be able to obtain a residence permit or work permit in Russia under a simplified procedure. A draft law has been prepared simplifying the procedure for obtaining a residence permit for foreigners who do not need a visa to enter Russia. Such foreign citizens will need to…
Senators have passed a law banning the registration of a trademark if the place of its manufacture can mislead the consumer, of course. Now Article 1537 of the Civil Code of the Russian Federation has been supplemented with the norms that the goods are considered counterfeit when a false geographical…
The companies that received the largest revenue on the Russian market in 2020 continue their work in Russia. This conclusion was made based on the study of the activities of the largest foreign companies in Russia. After the introduction of sanctions against Russia, many foreign companies decided to cease operations…
By the end of the year, the Central Bank introduced financial breaks. Now banks have the right not to comply with the limits on currency positions in dollars and euros. Open Currency positions (ORP) are the difference between financial liabilities and claims in a currency. The regulator assured that the…
