Our newsletters focus on key changes on regulations in Russia
Obligation to repatriate funds under non-raw product export contracts has been cancelled
On 1 July 2021 the Federal Law No. 223-FZ 'On Amendments to the Federal Law 'On Currency Regulation and Currency Control' came into force, which continued the trend for weakening the requirements regarding the obligations of resident companies to repatriate funds (Article 19 of the Federal Law 'On Currency Regulation and Currency Control').
Interview of the Emergency Headquarters and Rospotrebnadzor on mandatory vaccination of employees in the service industry
Interview of the Emergency Headquarters and Federal Service for Supervision of Consumer Rights Protection and Human Welfare (Rospotrebnadzor) on mandatory vaccination of employees in the service industry
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.
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.
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.
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Transfer pricing is one of the most important tax issues facing not only large international organisations, but also any company that manages cross-border operations. In Russia, as in many other countries, transfer pricing legislation is constantly changing.