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For any company, the block of bank account operations is extraordinary which makes impossible to carry out activities. The reasons why the tax authorities can “freeze” the account may be very diverse: from late submission of tax reports to non-payment of tax payments. Most often there are situations when a document from…

When dismissing employee under agreement of the parties, it is important to follow the procedure of dismissal. Violation may lead to reinstatement of employment and paying to employee compensation in amount of average salary for forced absence.  We would like to draw your attention at some conclusions from court decisions, which…

Depending on terms of storage office documents can be divided into: – temporary (up to 10 years inclusive)Such documents as invoices, agreements on bank account, audit reports, etc.; – temporary (over 10 years)For example, employees’ personal cards, dividend issue lists, accounts of employees, etc.; – permanentIn particular, annual financial statements, IFRS statements, certificates…

According to the Labor Code of the Russian Federation, unauthorized absence is recognized as absence from the place of work without reasonable excuse for more than 4 hours or for the whole working day. Unauthorized absence is a serious violation of labor discipline and employee can be dismissed for that….

On 1 July 2015, the procedure of approaching the Russian market by the foreign companies in the way of creating branches and representative offices has changed, since that  branches and representative offices of foreign companies are obliged to be accredited by the Federal tax service.At the moment a huge amount…

According to the applicable labor law, if the headcount of the company is more than 50 employees, then the employers are obliged either to institute the position of labor protection specialist or to establish the work safety service.Earlier this rule was binding only for companies performing industrial activity, however, the…

The release from currency control is planned for exporting companies. This obligation will be transferred from companies to the banks.At present all companies should prepare supporting documentation and transaction passport for currency transactions exceeding 50.000$.For violation the following fines are fixed – 5000 Rubles for directors and 40.000 to 50.000…

Personal income taxIncome of foreign employees is subject to personal income tax. This tax is paid by the employer.General rate of personal income tax for foreign employees is 30 %.If foreign citizen stays in Russia for more than 183 days per year, he would get status of tax resident and…

Using of commercial secret regime for protecting commercial data is always connected with the risk of disclosure. The grounds for it may be carelessness of employee, who has lost usb stick with data, as well as intentional misuse of right to access protected data.What are most frequent situations of data…

Dealing with frauds is always a very unpleasant experience, especially if you have to take financial responsibility for other people’s fraud as a result of carelessness and unreasonable trust. Electronic signatures (ES) are widely used in the company management. On the one hand, it helps to save time and simplify…

Block of bank accounts is one of the strictest measures. It is particularly unacceptable before important deal or regular contractual payments. At the moment, such penalty is provided only for non-payment of taxes or failure to submit tax declarations, however, soon this situation might be changed.Government is planning to extend…

In 2016, Labor Inspection performed 134.5 thousand check-ups (it is 4 thousand less than in 2015). In 2016 the total number of planned check-ups decreased, also inspectors started to issue warnings more often, instead of fines. However, the number of prosecuted general directors was doubled in 2016. What violations can…

American social network LinkedIn has been registered as a taxpayer in the tax authorities of Russian Federation. Thus, the company assumes obligation to pay 18% VAT on Internet services rendered to Russian citizens. The so-called “Google tax” was approved in summer 2016. According to the law, foreign companies (i.g. Microsoft,…

Labor Code of the Russian Federation (LC RF) has no provisions on “polite attitude” and does not provide this duty for the employee. However, the company still have a way to legitimately affect on employee who is rude with clients, other employees or company management.According to Art. 192 of the…

Government intend to change criteria of tax residency. Now to become tax resident an individual shall reside in Russia not less than 183 days within 12 consecutive months. This term is planned to be reduced to 90 days.This initiative is connected with recent adoption of law on controlled foreign companies….

The President of Russia signed the law setting special type of visa for Free Port of Vladivostok – electronic visas. The law presumes issuance of electronic visas for foreign citizens arriving in Russia through the check points of the Free Port of Vladivostok.The main features of the new visa are:1….