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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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26Mar

Russia’s industry expanding and war chest swelling while global economic outlook turns gloomy

Awara Accounting Russian economy brief March 2019 The year has started on a very optimistic note for Russia. It’s been so good that the liberals are crying foul. Industrial production keeps climbing up. After a strong performance in 2018, industrial production grew 2.6% in January through February, including by a staggering 4.1% in February. The […]
  • Posted by Jon Hellevig
  • On March 26, 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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