31Mar

Remote Work Rules in 2021

In the spring of 2020, employers urgently had to switch employees to working from home. The Labor Code was not ready for such a large-scale transition of business to remote work: there was no suitable format of work in the legislation. The gaps were fixed by January 1, 2021, when the law on regulating remote […]

Posted by Awara
On March 31, 2021
0 Comments

01Mar

Annual General Meetings of a Russian Subsidiary in 2021

Remember to Properly Hold and Document the Annual General Meeting of Shareholders of Your Russian Firm This time of the year all Russian companies should hold Annual Shareholders Meetings. Even when a formal meeting is not held it is important to make proper records and documentation of all shareholders’ decisions. Unfortunately, corporations frequently fail to […]

Posted by Eugene Isaev
On March 1, 2021
0 Comments

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

14Jan

Scheduled Inspections for Russian Businesses in 2021

Every year the Prosecutor General’s Office of the Russian Federation publishes a list of companies that are subject for scheduled state inspections. You can find the inspection plan for 2021 here. Please also note that apart from the official plan, a number of unscheduled spot checks (e.g. a tax inspection) may be initiated by the state […]

Posted by Awara
On January 14, 2021
0 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

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