Our newsletters focus on key changes on regulations in Russia.
Increase in fines for violations of personal data legislation
Starting from 27 March 2021, fines for violations of personal data legislation have been increased. The increase in fines has affected almost all the violations provided for by Article 13.11 of the Code of Administrative Offences of the Russian Federation.
Non-working days in May 2021
The Decree of the President of the Russian Federation No. 242 dated 23 April 2021 (hereinafter, the 'Decree') establishes non-working days from 4 May 2021 to 7 May 2021 with full salary payment to the employees. In accordance with the Decree, companies must determine the number of employees who will ensure the companies’ operation during the period from 1 May 2021 to 10 May 2021.
Time period for holding the annual general meeting
Annual general meetings of shareholders in 2021
In 2021 LLCs will be able to carry out annual general meetings in absentee form
Entry of HQS and their family members to Russia in 2021
On 30 December 2020, by Order of the Government of the Russian Federation No. 3675-r, family members accompanying foreign citizens - highly qualified specialists (HQS) are officially allowed to come to the territory of the Russian Federation.
New migration registration forms
New remote work regulations from 1 January 2021
The Federal Law dated 8 December 2020 No. 407-FZ (hereinafter, the “Law”) amends the Labour Code of the Russian Federation considerably through changes in regulation on remote work. Below are the main changes brought by the Law that will enter into force on 1 January 2021.
Important changes in the international tax law
Due to significant changes in Russian and international tax legislation, we would like to highlight their possible impact on existing holding structures. Under certain conditions, changes in legislation without proper adjustments could lead to a significant increase in overall tax burden and / or significant tax risks.
Departure of HQS and their families for Christmas and New Year - update
On 18 December, the official website of Rospotrebnadzor posted the information on the procedure of temporary departure from the Russian Federation for Christmas and New Year's holidays of foreign citizens classified as highly qualified specialists and the members of their families, with their subsequent return.
Introduction of a progressive PIT rate
Federal Law No. 372-FZ of 23 November 2020 amends the current legislation of the Russian Federation on taxation of individuals. Thus, from 1 January 2021 a progressive personal income tax rate is introduced.