Home › 

News & Blog

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 […]
21May

Awara Anti-crisis Support Measures: We Reduce Our Recruitment Rate from 19% to 13%

Referring to statistics from hh.ru analysts,  37% of companies plan to dismiss part of their staff during next six months. However, 21% of organizations are talking about the opposite process – they are going to hire new employees. For such companies who are looking for growth and new talents for their business, we are launching […]
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 – […]
05May

Russia in the Year of Corona. What to Expect of the Economy

Russia’s Corona Epidemic Response In a global comparison, Russia’s corona epidemic response has been very strong. The best and most foolproof indicator is the fatality rate. Russia has experienced the lowest Covid-19 mortality among all countries in the Northern Hemisphere, significantly lower than nearly all Western countries. Presently the fatality rate in Russia is 10 […]
  • Posted by Jon Hellevig
  • On May 5, 2020
    • Read More
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
    • Read More
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 […]
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 […]