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Current Situation in Russia in Connection with Covid-19

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 […]
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 […]
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 […]
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
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29Jan

Major Changes in Russian Legislation for Business in 2020

CONTENTS Russia Is Switching to Electronic Labor Books There Will Be More Self-employed Workers The list of goods subject to mandatory marking will be expanded Personal income tax for non-residents will be decreased Russia Is Switching to Electronic Labor Books From January 1, 2020, any employee can write an application for the conversion of their […]
  • Posted by Awara
  • On January 29, 2020
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06Sep

The Government and Business Approve New Steps to Improve Business Climate in Russia

The Plan of the Ministry of Economic Development for the Transformation of the Business Climate Was Supplemented with New Measures Vladimir Putin set an ambitious goal for the Ministry of Economic Development: by 2024, Russia should rise to 20th in the World Bank’s Doing Business rating (now our country occupies 31st place out of 190). […]
  • Posted by Awara
  • On September 6, 2019
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02Sep

Purchasing Power Parity Adjustments (PPP)

In order to properly understand the importance of the PPP method, we start by republishing here an article we earlier wrote on the topic under the heading Why the PPP method is more accurate for GDP comparisons.[1] According to figures from the IMF, Russia’s GDP exceeded $4.2 trillion in 2018. By this measure, Russia is […]
  • Posted by Jon Hellevig
  • On September 2, 2019
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08Feb

Awara Assists with 2018 Individual Tax Returns

Plan Your Filings in Advance We are glad to offer our services aimed at simplifying the process of filing tax declarations. The main issues associated with this process are described below. While most taxpayers do not need to file tax returns in Russia, some categories of taxpayers do have to file tax return forms annually […]
  • Posted by Awara
  • On February 8, 2019
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31Jan

What Reporting Are Participants of International Companies Required to Submit in 2019

Who Is Required to Submit the Additional Reporting From 2018, Russian organizations that are part of international groups of companies must annually submit additional documentation to the tax authorities ― the so-called “three-level reporting” on transfer pricing.[1] This includes: notice of participation in an international group of companies; country data on such international group of […]
  • Posted by Awara
  • On January 31, 2019
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25Jan

Problems of Determining the Legal Status of the Self-Employed When Imposing Tax on Professional Income

Currently in Russia there is a fairly large category of the population working “for themselves.” We are talking about the so-called “self-employed”, who receive income from providing services to citizens without registering as individual entrepreneurs, or from the use of personal property. This includes babysitters, maids, housekeepers, designers, cooks, tutors, private drivers, dressmakers, photographers, hairdressers, […]
  • Posted by Awara
  • On January 25, 2019
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