18Jan

Russian Statutory Audit: Criteria, Characteristics, and Penalties in 2021

We want to remind you that every company is required under Russian law to conduct statutory audits of 2021 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 January 18, 2021
1 Comments

28Oct

From October 5 to November 29 Moscow Employers Are Obliged to Transfer at Least 30% of Employees to Remote Work. The Transfer Must Be Reported at mos.ru Website.

From October 12, 2020, every Monday employers must submit to the Moscow Mayor’s Office a report on remote employees and those who are going to work in the usual mode. Information is sent through the personal account of the legal entity or IE on the website mos.ru. To submit data, you need to download and […]

Posted by Awara
On October 28, 2020
1 Comments

26Jun

The Personal Income Tax Rate for the “Rich” Will Increase From 13% to 15%

Russia Will Have a Progressive Scale of Taxation: The Personal Income Tax Rate for the “Rich” Will Increase From 13% to 15% Vladimir Putin announced the increase of personal income tax rate from January 1, 2021 during his last address to the citizens of Russia. The change will affect those who earn over 5 million […]

Posted by Awara
On June 26, 2020
0 Comments

08May

Government Support Measures for Russian Business

Insurance contribution rate decreased from 30% to 15% All small and medium-sized businesses (SMEs) will now pay reduced insurance contribution rates. From that part of the salary that exceeds the minimum wage (12,130 ₽ in 2020) you need to pay 15%. Up to the amount of the minimum wage, the rate remains the same – […]

Posted by Awara
On May 8, 2020
2 Comments

20Apr

Can Companies Not Pay Rent in April?

Current government measures to combat coronavirus only allow a limited number of companies to operate as before. The rest are forced to either transfer employees to remote work, or completely stop activities. In both cases, companies cannot use the office, warehouse, department in the shopping center or other non-residential premises. At the same time, only […]

Posted by Awara
On April 20, 2020
2 Comments

03Apr

Is Working Remotely Allowed despite the Presidential Decree?

Yes, the Ministry of Labor supports working remotely, if the employee has all the necessary resources to work from home (if something is missing, the company must provide it). They will be able to work remotely even in those cities where an order on heightened preparedness due to the coronavirus has not been introduced. At […]

Posted by Awara
On April 3, 2020
0 Comments

03Apr

Current Situation in Russia in Connection with Covid-19

By morning April 3, Russia’s daily corona infections dropped to 601 from 771 the previous day, bringing the total up to 4,149. Moscow’s new case count was 448, down from 595, total 2,923. Moscow still 75% of all new cases in the country, means rest of Russia also down. Only 153 new cases in not […]

Posted by Awara
On April 3, 2020
0 Comments

02Apr

The President of Russia Prolonged Non-working Period until the End of April

Vladimir Putin extended non-working period until April 30 with the preservation of wages. This measure is introduced to curb the spread of coronavirus in Russia. The president reported several exceptions The following will continue to work as usual: continuously operating organizations, the suspension of which is impossible due to production and technical conditions; medical institutions […]

Posted by Awara
On April 2, 2020
0 Comments

01Apr

Is the Coronavirus Pandemic Force Majeure?

What is force majeure The COVID-19 pandemic and government efforts to curb its spread are challenging for businesses. Companies lose revenue, subcontractors spend a whole week on mandatory leave, there is not enough money to rent space, pay off loans, or pay salaries. Because of these problems companies would be happy to deny contractual obligations. Agreements […]

Posted by Awara
On April 1, 2020
0 Comments

20Mar

Due to coronavirus, foreigners are restricted from entering Russia from March 18 to May 1

The order applies to all foreign citizens (including citizens of Belarus) and stateless persons. Also, the Ministry of Internal Affairs of the Russian Federation will temporarily not issue: invitations to enter the Russian Federation permits to hire and use foreign workers work permits for foreigners The Russian Foreign Ministry suspends the issuance and processing of […]

Posted by Awara
On March 20, 2020
0 Comments

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