Our newsletters focus on key changes on regulations in Russia
Introduction of the new anti-COVID measures
According to the President’s Decree No. 595 dated 20 October 2021, on introduction of non-working days on the territory of the Russian Federation, the Mayor of Moscow has issued the Decree No. 62-UM dated 21 October 2021 (hereinafter, the ‘Mayor’s Decree dated 21 October 2021’), by which he introduced the period from 28 October till 7 November 2021, as non-working days with suspension of all visits and employees’ access to the employer’s premises where the goods are sold or works and services are performed.
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.
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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.