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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…
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…
There are forms of two contracts for opening and maintaining an account in digital rubles. One of the agreements of the Central Bank, which is the operator of the platform, is concluded with users (natural persons, legal entities or sole proprietors). The second agreement is concluded with participants (credit institutions)….
The Parliament approved a draft law that changed the rules for opening accounts by foreigners in Russia. Amendments to the law allow Russian banks to identify foreign individuals and legal entities with the help of foreign banks. It is also allowed to open a bank account in the territory of…
Now it has become possible to open a company in just one day. To do this, you need to use the “State Online Business Registration” service and fulfill the following conditions: The action of the LLC is carried out on the basis of a standard charter. The applicant has an…
In the second quarter of 2023, the Supreme and Constitutional Courts of the Russian Federation adopted new resolutions in the areas of payment of corporate income taxes in bankruptcy. New laws and updates were posted on the official website of the Federal Tax Service of Russia. Some of them will…
The Cabinet of Ministers will reduce the terms of accreditation for business soon. Currently, accreditation takes 61 working days, but after consideration of the new terms, it will be reduced to 54. According to preliminary estimates, accreditation will now be carried out 11.5% faster. The new resolution has already been…
In the realm of corporate structures and business relationships, the concept of a subsidiary company holds significant importance. A subsidiary company is a cornerstone of corporate strategy, providing avenues for expansion, risk mitigation, and organizational diversification.
The Federal Law “On Electronic Signatures” has been amended and the rules for the use of electronic signatures have been updated. The use of qualified employee certificates by legal entities has been extended until August 31, 2024. However, since September 1, 2023, accredited certification centers cannot issue these certificates for…
