Tax and legal alerts

Our newsletters focus on key changes on regulations in Russia

COVID-19 related support measures for pharmaceutical and medical device companies

Mazars Russia overview of legislative initiatives and changes in the field of healthcare amid the global pandemic COVID-2019.

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MEASURES TO SUPPORT SMALL AND MEDIUM-SIZED ENTERPRISES. CRITERIA OF SME

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On March 25, 2020 President Putin addressed the nation on the coronavirus disease (COVID-19) outbreak. The Head of state announced a series of social and economic measures to be taken in the nearest future. The measures are mainly aimed to support small and medium enterprises, which are most vulnerable to such economic situation.

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Amendments to the Tax Code

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31.03.2020 the Russian State Duma passed a law amending the Tax Code and legislation on payment of social insurance contributions.

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Force majeure circumstances

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In connection with COVID-19 pandemic, the state introduces many bans that can have a significant impact on the execution of contracts and the operation of enterprises. First of all, we are talking about airlines, organizers of public events, tourism industry, as well as the activities of swimming pools, fitness centers, water parks and other fitness and sports facilities with mass attendance.

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On due dates of annual financial reporting

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Mazars Russia informs you that the following official position of the Ministry of Finance of Russia on the due dates of submission of annual accounting (financial) statements has been published on the website of the Federal Tax Service of Russia: due to the fact that Decree of the President of the Russian Federation No. 206 dated March 25, 2020 establishes non-working days from March 30 to April 3, 2020, the deadline for submission of the mandatory copy of annual financial statements to the tax authority in 2020 is the first working day following March 31, i.e. April 6, 2020.

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Recommendations of the Ministry of Labour for Employees and Employers

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Published on the evening of March 26 on the website of the Ministry of Labour and Social Development of the Russian Federation (Mintrud), Recommendations for employees and employers pursuant to the Executive Order of the President of the Russian Federation dated March 25, 2020 № 206 “On Declaring Non-Work Days in the Russian Federation”, recall that from March 30 to April 3, 2020 non-working days with the retention of employees' salaries are established.

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Working from home as a measure to limit the spread of coronavirus infection

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According to the order of the Government of the Russian Federation of March 16, 2020 No. 635-P, from March 18, 2020 to May 1, 2020, in order to ensure state security, protect public health and limit the spread of new coronavirus infection, a temporary ban is set on the entry of foreigners and stateless persons to Russia, including those arriving from the territory of the Republic of Belarus, as well as citizens of the Republic of Belarus.

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March 2020: Salary Indexation

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In the alert below we draw your attention to a decision of the Supreme Court of the Russian Federation which has confirmed that salary indexation is an obligation of an employer. Risks for business caused by this option and possible ways to minimize them.

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Alert - Electronic Labor Books

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Starting from January 1st, 2020 in the Russian Federation there is implemented a system of electronic labor books (i.e. recording of information on employment activity in electronic form, hereinafter “ELB”).

From January 1st, 2020 employers are obliged to report to the Russian Pension Fund about employment activity of their employees not later than the 15th day of a month following the
reporting month. Based on the relevant information there will be created ELBs of the employees. The relevant data for reporting includes information on hiring for a job, transferring to another job, dismissal and submitting of the notifications to continue maintaining paper labor book or submitting the information on employment activity in electronic form (maintaining ELBs) by the employees.

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November, 2019: AMENDMENTS TO THE RUSSIAN CURRENCY LEGISLATION IN 2020

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In this alert we draw your attention to the amendments to the Russian currency legislation in 2020. 

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