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Federal tax service reminds on grounds for mandatory removal of companies from the Unified state register of legal entities. The grounds are following: Company has not been providing tax reports for 12 months and there are no current operations on bank accounts;Company is unable to finance liquidation procedures neither itself nor…

Chief Executive Officer has enormous number of rights and obligations. However, the issue of CEO Employment Agreement itself is often neglected. We would like to draw your attention to the most frequent mistakes which occur in employment agreements with CEO: The Agreement lacks reference to the decision (minutes) which appointed CEO to…

New Law was adopted by the RF State Duma according to which contributions rates to Social Funds for years 2018 – 2020 shall remain. Thus, aggregate amount shall be at the same level of salary 30%:22% for the RF Pension Fund;2.9% for the RF Social Insurance Fund;5.1% for the RF Compulsory Medical…

After successful interviews employers send job offers to candidates – offer of a job prepared in writing, which contains basic information about future job. Employer ought to be maximally careful in preparation of this documents, as incorrect formation of job offer may lead to cost-consuming consequences for employer.  Job offer prepared…

Minfin of Russia has published clarification on how to calculate personal income tax in case an employee becomes Russian tax resident during a particular calendar year. As per the clarifications should a person was abroad more than 183 days during 12 months prior to the date of income earning, then such a person…

New regulations on procedure of notary actions performance are planned to be established in Russia.  These regulations establishing strict list of documents and information, which will be required for performance of notary actions, as well as the form of such information. Moreover, according to regulations notaries will not be allowed to…

Record on unreliable information may become a reason for excluding company from the unified state register for legal entities. This record can relate to information about company location, general manager, founders.  Tax authorities put such record in following cases: due to results of the checkup;due to application of person, which data is…

Staring from July 1, 2017, sick certificate can be received in electronic form by consent of an employee.  To make such certificate valid for accounting purposes employer should do the following: – receive the enhanced encrypted and certified digital signature; – sign up on the Unified Portal of State and Municipal Services www.gosuslugi.ru; – conclude an…

New amendments in Civil Code of Russian Federation have been established. Below you will find an overview of the most important of them. A loan agreement between citizens for more than 10,000 rubles shall be made in writing. If a loan is provided by a company, the contract will be deemed to…

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…