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The current legislation obliges not every individual entrepreneur to maintain accounting records, nevertheless filing statements with tax authorities on a regular basis is a must for all. This is regulated by Federal Law No. 402-FZ. Non-compliance with the requirements entails fines and compulsory liquidation for the entrepreneurs. If it is…
Accounting outsourcing for legal entities and individual entrepreneurs is a remote accounting service that covers the entire range of services required by companies. Outsourcing can solve both project and unforeseen tasks, as well as ongoing, arising on a daily basis. The following tasks may require accounting outsourcing: • preparation of…
Decrees of Mayor of Moscow №55-УМ and №56-УМ dated May 7, 2020, introduced the following amendments to Decree «On the features of responsibility measures for violation of high-alert regime in Moscow by organizations and individual entrepreneurs’ application»: Temporary restrictions on the functioning of trade, public catering, services, culture, education, sports…
The Government extended measures to restrict the entry of foreign citizens to Russia due to the coronavirus pandemic. Previously, a ban on entry into Russia for foreigners and stateless persons was introduced before May 1, 2020. At the same time, exact dates for lifting restrictions are not named yet due…
Currently foreign citizens can visit Russia by applying for a certain category of visa, depending on the purpose of trip. Such visas can be valid from 1 month to 5 years, with a limited period of stay in the territory of the Russian Federation. The new draft law proposes changes…
Recently, amendments were made to the Federal Law dd 26.10.2002 N 127-ФЗ “On insolvency (bankruptcy)” – a legal act regulating bankruptcy process in Russia. One of the changes was an introduction of a new article governing a moratorium on bankruptcy proceedings. Also, legislator established the right of Russian government to…
On April 17, 2020, the Parliament has adopted a draft law providing for provisions simplifying the obtaining of Russian citizenship by foreign citizens and stateless persons. According to the provisions of draft law, additional grounds for obtaining Russian citizenship in a simplified manner for the following persons have been approved:…
Due to the restrictions introduced to prevent the dissemination of a new coronavirus infection, on April 18, 2020 the Russian President adopted a set of temporary measures regulating the situation of foreigners and stateless persons in Russia during the pandemic (COVID-19). So, temporary measures concerning foreigners and stateless persons on…
In order to maintain and stimulate economic activity in the current difficult epidemiological situation, on April 15, 2020, the Moscow Government has adopted a third set of measures aimed at supporting small and medium-sized enterprises. According to the decree on the implementation of the third business support measures, a credit…
Inspectors that conduct tax audit pay particular attention to accounting of services used by companies. This is due to the fact that work performed by third-party experts is a vulnerable element from the perspective of financial and tax statements, non-compliance of such operations with statutory requirements can be proved quite…
From March 19 to April 30, 2020, courts have been quarantined. The Commercial courts, which have not stopped their work, hold trials only on cases of an urgent nature, simplified and summary proceedings. You can check the updated list of urgent cases on the website of the court. These rules…
From January 1, 2021, amendments to the legislation on taxation of income from deposits and bonds will take force. How will taxation of income on deposits work? Now tax is paid only if the rate on the ruble deposit exceeds 11%, in foreign currency – 9% per annum. This calculation…
On April 2, the Russian President has decided to extend non-working days till April 30 inclusive. In this regard, citizens required any public services have faced a problem of contacting state authorities. Please find below the relevant background information for your convenience: • Courts of general jurisdiction and arbitration courts…
Due to COVID-19 pandemic dissemination new measures aimed at its preventing are being adopted in Russia. New restrictions for a period of April 19, 2020 were introduced by the Decree of Major of Moscow dated April 10, 2020: The activities of enterprises with the exception of continuous-cycle enterprises, health care…
On March 25, 2020 the Russian president took initiative to reduce the general insurance premium rate for small and medium-sized businesses as part of a set of measures aimed to support Russian companies in the face of pandemic. In this regard, on April 1, the Parliament adopted Federal law No….
On April 1, 2020, the Russian Parliament has adopted law amending the existing legislative acts in the corporate relations sphere. It was triggered by widespread dissemination of coronavirus infection in Russia and the suspension of a significant number of companies’ activities. The law is expected to be approved by the…
