In this month's Market Update, you'll find many articles to explain recent developments in taxation, audit, legal, and accounting in Russia. Let us know if you have any questions. You can now watch fragments of Alinga's popular webinars on its growing YouTube channel (in Russian).
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Draft Law Excess Profits Tax In Russia Moves To A Vote
The Russian government approved a bill on introducing a tax on excess profits (EPT), Russian Energy Minister Alexander Novak told news agency TASS said on the sidelines of the Eastern Economic Forum.
De-offshorization And The Elimination of Double Taxation
The Ministry of Finance of the Russian Federation last year brought 6,000 companies back from offshore locations. As a result, the budget received 3 billion rubles in additional taxes. Alexei Sazanov, The Director of the Tax and Customs Policy for the Ministry of Finance was quoted as saying this in a recent Izvestia article.
Alexander Kulikov: Five Reasons To Conduct A Tax Audit
We can see here that the advantages of using audit services can more than pay for themselves.
Review Of Recent Changes To Tax-Related Legislation In The Russian Federation
This monthly Russian-language service from Alinga and regular feature of the Alinga Market Update is designed to bring your financial personnel a broad view of recent changes to the Russian Tax Code. Forward this link to them!
Organizations May Name Own Reporting Year Dates For Consolidated Financial Statements In Russia
Individual organizations may name individual dates for the beginning and end of the reporting year for the preparation of consolidated financial statements. This is allowed provided that the reporting year's duration is equal to the duration of the calendar year, except for cases when other federal laws stipulate that the reporting period for annual consolidated financial statements is a calendar year and/or such reporting is included in an organization’s annual report.
Companies Must Provide Information On Beneficial Owners
Companies are now obliged to provide any available documented information about their beneficial owners or on measures taken to establish information on their beneficial owners when requested by the Tax Authorities or by the Federal Financial Monitoring Service.
What Threatens Foreigners Making Regular Border Crossings To Russia?
Some foreigners in Russia have adopted a system that circumvents current migration regulations.
Organizations In Russia Will Need Submit Information To A New Internet Security System
Russia is planning a new system for collecting, storing, and processing data used on the Internet. The new project is meant to strengthen regulations over the Internet in Russia, the project developers report.
SPIBA Snapshot 2017
The SPIBA Snapshot provides an overview of business performance in 2016 and provides insight into company expectations in St. Petersburg & Leningrad Oblast for 2017. Survey results were collected from 36 respondents among 10 industries.
Russian Business Aviation Traffic Continues To Decrease
Data from the Russian United Business Aviation Association (RUBAA) indicates that business jet flights to, from and inside Russia dropped by 12 percent, while passenger counts fell 23 percent, since the chill in East-West relations began in 2014. RUBAA chairman Alexander Kuleshov presented the data on Wednesday at the association-organized Business Aviation Forum held in Moscow.