05Feb

Amendment to the Law on Accounting in Connection with Audit

The law on accounting was amended on 01.01.2014 so that as of this date companies subject to statutory audit must submit an audit opinion on their financial reporting only to statistical authorities. It is therefore no longer required to provide an audit opinion to other agencies, in particular, tax authorities. Audit opinions must be filed […]

Posted by Sergey Minyailo
On February 5, 2014
0 Comments

25Nov

Russian Law Now Enables Electronic Document Flow

ELECTRONIC ACCOUNTING IN RUSSIA RUSSIAN LAW NOW ENABLES ELECTRONIC (DIGITAL) SIGNATURES, E-INVOICING AND FULL ELECTRONIC DOCUMENT FLOW It has now become a real possibility in Russia to operate a fully automated electronic document flow system both between contracting parties and in relation to state authorities. The law enables electronic execution of contracts, digital signature, e-invoices and […]

Posted by Eugene Isaev
On November 25, 2013
0 Comments

16Sep

Non-Disclosure of Information Could Result in Limited Rights

On 26 March 2013 the Higher Commercial Court of the Russian Federation set a judicial precedent concerning owners of offshore companies. The Court heard a case in which the defendant was a company registered in the Commonwealth of Dominica whose legislation offers preferential tax treatment and does not provide for the disclosure and provision of […]

Posted by Awara
On September 16, 2013
0 Comments

02Sep

Corporate Legal Addresses – New Rules

From June 30, 2013, a law1 will amend provisions of the Civil Code and the Law “On the state registration of legal entities and sole traders” with regard to the company’s legal address. Pursuant to revised Article 51 of the Civil Code a person in good faith relying on the data from the Unified State […]

Posted by Awara
On September 2, 2013
0 Comments

19Aug

Awara — Russian Statutory Tax Audit

It is time to choose an auditor for your Russian company. Choosing Awara Audit Alliance will grant you several benefits. Often foreign firms in Russia use one of the Big 4 for auditing their international IFRS or GAAP accounts, while a local auditor conducts Russian statutory audits and tax compliance audits. When Russian statutory financial and […]

Posted by Sergey Minyailo
On August 19, 2013
0 Comments

02Jul

Changes to State Registration of Companies in Ukraine

From July 01, 2013 onwards, the State Registration Service has been in charge of business registration and closure in Ukraine as prescribed by the amendments introduced to the law On State Registration of Legal Entities and Individuals-Entrepreneurs. In view of these amendments, the Cabinet of Ministers has decreed to place the relevant subdivisions of the […]

Posted by Elena Mashkova
On July 2, 2013
0 Comments

24Jun

Focus on: the Grand-Duchy of Luxembourg

This text has been produced by our TELFA partner firm in Luxembourg, Tabery & Wauthier The protocol to the Russia-Luxembourg double tax treaty has been ratified by both countries in 2013; it will enter into force as from January 1, 2014. This is the right time to re-examine the potential of Luxembourg structures for Russian […]

Posted by Eugene Isaev
On June 24, 2013
0 Comments

13Jun

The Future of Offshore Jurisdictions. Where will Russian money go?

An interview with Jon Hellevig, Managing Partner of Awara Group. The much talked about banking crisis in Cyprus has raised questions and brought the offshore dealings of Russian businessmen to the headlines. Why do Russians use these off-shores? First, let’s understand what we mean by offshore centers. We live in a global world and every […]

Posted by Awara
On June 13, 2013
0 Comments

16May

Amendments to the Law on Hazardous Industrial Facilities

The Law On Industrial Safety of Hazardous Production Facilities has been significantly amended by the entry into force of the Federal Law N 22-FZ On Amendments to Federal Law On Industrial Safety of Hazardous Production Facilities dated 04.03.2013 (further “the Law”). The main provisions of the Law came into force on March 15, 2013 and […]

Posted by Awara
On May 16, 2013
0 Comments

26Apr

Russian Labor Law: Remote Working Becomes a Legal Option

The Russian President has April 8, 2013 signed into law amendments to the Labor Code introducing a new chapter On Remote Work. This new law represents a significant change and modernization of the Russian labor laws, for it will now for the first time become legal to arrange work on a remote basis at employees […]

Posted by Jon Hellevig
On April 26, 2013
1 Comments

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