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А draft law according to which it is proposed to amend rules of conducting mandatory audit of small businesses’ accounting statements is introduced to the Parliament. Amendments concern financial criteria indicating on necessity of conducting mandatory audit in a company. Draft law implies increasing the minimum amount of revenue and…
The experiment on pre-trial appeal of controlling authorities’ decisions will be held in Russia from August 17, 2020 till June 30, 2021. The corresponding Resolution has been signed by Russian prime minister Mikhail Mishustin. According to Resolution entrepreneurs will be entitled to contest relevant decisions of controlling authorities using online…
Citizens of the Russian Federation who return to Russia on export flights will not be obliged to observe self-isolation for 14 days upon arrival in the country. However, it will be necessary to pass coronavirus test within 3 days of arrival and post the result of it on the website…
State Duma of the Russian Federation has adopted during third reading draft law that introduces universal e-visa for all foreign citizens coming to the country. Universal e-visa is valid only one time. Such visa is valid within 60 days starting from the moment when it is issued, however, it should…
On June 19, 2020 the Ministers of Foreign Affairs of Russia and Belarus, Sergey Lavrov and Vladimir Makey, have signed the bilateral Agreement on mutual recognition of visas. It means that the foreigners can freely enter, leave and stay in the territory of Belarus if the have Russian visa and…
Foreigners who have obtained Russian residence permit, are allowed to cross the border. Against myths and fears, Russian law does not impose restrictions on travel, business and study trips or trips related to medical treatment. Similar to Russian citizens, foreigners with residence permit can travel abroad, travel purposes might be…
Cancellation of a residence permit is a problem that is often faced by foreigners living in Russia. Russian legislation provides for more than ten reasons why a foreign citizen may be deprived of residence permit. And some of them run the risk of being unexpected for unprepared person. Reasons for…
The procedure for obtaining a permanent residence permit takes several months. In this case, before the submission of the application and documents it may be required from the foreigner to first obtain a temporary residence permit. This is not so easy, since most migrants apply for it according to the…
The Federation Council is reviewing a draft law “On Specifics of Execution of Judicial Acts, Acts of Other Bodies and Officials, as well as of Overdue Debts Recovery during the Pandemic of the New Coronavirus Infection”. It is assumed that individual entrepreneurs, small- and medium-sized businesses of the most affected…
On June 23, Russian President Vladimir Putin addressed citizens and announced increase in the personal income tax rate to 15% starting January 2021. Such increase will affect individuals whose total annual income exceeds five million rubles and only in the part that exceeds this amount. For example, if a person’s…
Foreigners’ period of stay in Russia is suspended From March 15 till September 15, 2020 the term of the following permits will be automatically suspended: visa; migration card; registration at the place of arrival/residence; However, if foreigner changes place of temporary stay or place of residence, she or he should…
Since June 25, 2020, the highly qualified specialists (HQS) obtained the possibility of a single entry into Russia under the following conditions: • availability of a work permit; • staying abroad. This possibility is set forth in the Parliament’s Decree No. 1671-r dd. June 25, 2020. The following steps need…
The Russian Ministry of communications has proposed to conduct an experiment from July 1 to December 31, 2020 on using electronic passports instead of paper ones. It will be possible to use a specially designed app which is called «Mobile ID». The Ministry of communications will be responsible for designing…
A new Presidential decree amends some provisions regarding foreign citizens. The following permits, which expires from March 15 to September 15, 2020, are automatically prolongated: * Residence/place of stay registration; * Visa; * Migration card; * Temporary/permanent residence permit 2. From June 16 to September 15, 2020 inclusive: * Foreigners…
Time management is one of the top priorities at VALEN. When working on projects, you need 100% concentration and the ability to switch between tasks. At the same time, it is important for us that our colleagues don’t burn out emotionally and recharge their energy outside the office. What are…
Commercial companies usually offer customers and partners not just the products but services as well. It may be the main or associated company’s activity. In any case, if the company provides services, they are subject to accounting. According to the Tax Code a service is an activity, results of which…
