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The Ministry of Justice, on behalf of the Russian Federation, signed the Convention on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Cases at the Conference on Private International Law in The Hague. The Minister of Justice stressed the importance of the document, emphasizing that the treaty…
Currently, the tax rate is 30% for non-residents. The Ministry’s draft proposes to establish a single income tax rate for residents and non-residents. They propose to make tax rates for foreigners engaged in labor activity and who are non-residents, in an amount like that for permanent residents of the Russian…
Long waits for visas, double quarantines and rare meetings with family: what foreign specialists who work in Moscow experience in the new epidemiological reality. Despite the closed borders and restrictions on movement linked to the coronavirus pandemic, foreign specialists still come to work in Russia and their number has even…
These rules can increase the burden on the banking industry. The Ministry of Finance recommended to facilitate the payment of value-added tax on the export and import of services. A draft of key areas of tax, budget and customs tariff policy for 2022-2024 was initiated. When a Russian company purchases…
The Moscow mayor, by his own Decree, determined an obligation for employers to transfer employees to a remote order of activity in the period from October 25, 2021 to February 25, 2022. These measures are introduced in conjunction with the spread of coronavirus infection. In accordance with the amendments, the…
The State body is considering the option of creating new regimes: short-term and long-term stay, and permanent residence. The temporary residence permit is proposed to be canceled. The representative of the Ministry informs that the short-term regime involves staying in the Russian Federation for up to 90 days, the long-term…
The relevant ministry has proposed a draft law proposing not to levy taxes on the results of intellectual activity. The grace period will be extended to small and medium-sized businesses for 5 years, to other organizations for 3 years. When determining these norms, Russian legislators took into account the experience…
According to the general rule, if the taxpayer stays in Russia for more than 183 days during the last year, he is considered a tax resident, and his income is taxed at 13%, provided that the amount is not more than 5 million rubles per year. Higher income is taxed…
The Mayor of Moscow has signed a Decree that cancels the obligation of the capital’s employers to transfer at least 30% of their employees to remote working mode. According to the amendments, starting from August 13, 2021, the requirement to transfer at least 30% of employees to remote¬ working mode…
In 2021, a survey was conducted among the CEOs of the largest Russian companies regarding the stability of the Russian economic sector. Based on the data obtained, key trends and peculiarities of development were identified. The main trend was an increase in directors’ positive mood regarding the future position of…
The pandemic played a huge role in the usual work schedule. Constantly imposed restrictive measures forced companies to learn how to function in new circumstances. Amid all the changes, employees began to change their perspective on the work process. A significant role in employee attitudes toward work and vacations was…
Major companies are interested in moving to Russian offshore Business representatives propose that the government should expand the opportunities for exemption from Russian profits tax on income from foreign production companies operating in the format of a production sharing agreement, reduce requirements for the minimum amount of investment, the number…
Foreign citizen wants set up company. There are the most popular questions about that topic… ▪️Question: What legal forms of companies can non-residents open? Answer: Foreign citizens can open companies with any organizational-legal form, as they have the same rights in this sphere of life as residents. ▪️Question: Are there…
The Ministry of Internal Affairs of the Russian Federation has prepared a draft law, which proposes to cancel temporary residence permits, as well as to introduce 3 new legal regimes of foreigners’ stay in Russia. In addition, it is proposed to simplify the process of permanent residence permit obtaining. The…
The Federal Law “On Limited Liability Companies” has been clarified, according to which the decision of a legal entity’s sole participant to increase the amount of company’s authorized capital is subject to notarization. Performance of the relevant notarial action by a notary is confirmed by the issuance of a certificate…
