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17Feb

Russian Statutory Audit: Criteria, Characteristics, and Penalties in 2025

We want to remind you that every company is required under Russian law to conduct statutory audits of 2025 in cases when: The results of the statutory audit of accounting (financial) statements must be entered in the Unified Federal Register (http://www.fedresurs.ru). To log in and submit information it is necessary to obtain a certificate of electronic […]
  • Posted by Sergey Minyailo
  • On February 17, 2025
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13Feb

Annual General Meetings of a Russian Subsidiary in 2025

Don’t forget to hold the next general meeting of participants (annual general meeting of shareholders) of your company The laws “On Joint-Stock Companies” and “On Limited Liability Companies” provide for the obligation to hold an annual meeting of the general meeting of shareholders (regular meeting of the general meeting of participants), and also set the […]
  • Posted by Eugene Isaev
  • On February 13, 2025
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30Jan

Russia Approves Sweeping Tax Code Changes to Raise Revenue and Streamline System

The State Duma has adopted a series of amendments to the Russian Tax Code, marking a significant shift in the country’s taxation policies. The new measures, which took effect on 1 January 2025, aim to increase revenue while introducing a progressive framework for personal income taxes. The amendments are expected to have long-term implications for […]
  • Posted by Awara
  • On January 30, 2025
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22Jan

Moscow Trilateral Agreement for 2025-2027 Has Been Signed

A partnership agreement is concluded every few years for a certain period between the Moscow Government, Moscow trade union associations and Moscow employers’ associations (for example, there were agreements for 2022-2024 and 2019-2021). On December 31, 2024, an invitation to join the Moscow Trilateral Agreement for 2025-2027 (hereinafter referred to as the “Agreement”) was published […]
  • Posted by Awara
  • On January 22, 2025
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26Dec

How will taxes for organizations and sole proprietors using the Simplified System of Taxation (SST) change in 2025?

Organizations and sole proprietors applying the Simplified System of Taxation (SST) will be recognized as VAT payers from 2025 (para 1 of Article 143, paras 2, 3 of Article 346.11 of the Tax Code of the Russian Federation). However, the obligation to pay VAT from 2025 arises if the income recognized in the tax accounting for the previous year […]
  • Posted by Awara
  • On December 26, 2024
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17Dec

New Corporate Income Tax Rates Beginning in 2025

We remind you that starting on January 1, 2025, the tax rates on corporate income tax will change by virtue of Federal Law No. 176-FZ dated 07/12/2024 “On Amendments to Parts One and Two of the Tax Code of the Russian Federation”. The main innovations affect, among other things, the corporate income tax. At the […]
  • Posted by Awara
  • On December 17, 2024
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01Sep

Law on Crypto Mining in Russia

Mark your calendars: on November 1, 2024, a bill on the legalization of mining will come into force. This comes as good news for crypto aficionados and businesses battling sanctions alike. Previously, cryptocurrency mining activities were not regulated in any way. It is expected that the innovations will help businesses to bypass sanctions and affect […]
  • Posted by Awara
  • On September 1, 2024
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05Mar

Changes to the Salary Requirements for HQS

From March 1, 2024, the salary requirement for highly qualified foreign specialists (HQS) is changing: instead of 167,000 rubles per month, the value is set at 750,000 rubles (before taxation) per quarter (250,000 rubles per month or 3,000,000 rubles per year). There are few exceptions: they mainly concern medical, pedagogical and scientific workers, as well […]