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About Alinga | |
 14.08.09
Alinga Has Moved! Our New Coordinates:
Welcome from Alinga!
Also be sure to note that if you are an OOO in Russia, you must re-register your company under new rules! Click here for more information.
If you have comments, questions, or suggestions on other ways we can improve our site and newsletter, please contact the editor at jwilson@acg.ru! To subscribe to this newsletter, send an email with "Subscribe Alinga" in the subject field to jwilson@acg.ru.
Debt Refinancing: Tax and Accounting Issues in Russia The decision to refinance requires the borrower to carefully consider all pros and cons. Besides the usual questions of making sure that the refinancing is economically and legally feasible, businesses in Russia must also consider whether the refinancing, the method of refinancing, and how the refinancing is accounted for may attract the attention of the tax authorities.
There is much more "Accounting and Payroll" information available in the Russian version of this same newsletter!
Russia's Simplified Taxation: Part I - The Basics of the System Russia's simplified tax system (STS) is often attractive to those looking to cut costs, which is a major concern in today's market. But what exactly is STS? This article will lay out the basics of what every company manager considering transferring to STS should know.
Russia's Simplified Taxation: Part II - Advantages and Disadvantages STS has shortcomings that can actually increase, not decrease, expenses, depending on your business type, expense structure, and other issues. This second part of our two-part series will detail the positive and negative aspects of STS in comparison with regular taxation.
IFRS For Small And Mid-Sized Entities We hope that small and medium sized enterprises in Russia will also now more readily adopt these accounting techniques. While businesses are still be legally required to maintain their tax accounting in RAS (Russian Accounting Standards), these new techniques will make IFRS more accessible to SMEs hoping to attract foreign capital.
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!
Absence Of Profits Is Also A Valid Result Entrepreneur does not always secure profits, Federal Arbitration Court agreed.
Taxes Paid Abroad May Be Taken Into Account Companies with representative offices abroad are allowed to take into account, when figuring their profit taxes for Russia, profits received and taxes paid abroad.
Tax Inspectors Bring Cameras To Desk Audits Tax inspectors are increasing the number of checks for companies that have declared significant tax deductions or expenses – and they come to photograph the company’s property.
Legal Precedent In Russia: Taxation Issues A short guide to Russia's high courts, written for foreign business professionals.
A new law signed by the president relieves entrepreneurs filing Uniform Tax on Imputed Income of the need to use of cash registers.
Russia's Medvedev Signs Law on Anti-Corruption Examination of Regulatory Acts President Dmitry Medvedev has signed the Federal Law "On Anti-Corruption Examination of Regulatory Acts and their Drafts" adopted by the State Duma on July 3, 2009 and Approved by the Federation Council on July 7, 2009.
An Appeal Without The Appellant A company appealed the findings of a tax inspection to the Higher Tax Authority. However, the appeal was considered without the taxpaying company’s representation or participation.
Medvedev Offers New Ethics Code Russian President Dmitry Medvedev has mapped out the ethics code for the Russian bureaucracy - the general principles of government employees' occupational conduct.
FMS To Legalize Passport Market The Federal Immigration Service has decided to find a way to benefit from some $10 billion that it says is earned annually by people illegally working to speed the processing of work visas and passports for overseas travel.
Pending Trade Law Already Gathering Momentum Some of the largest retailers are already using revised supplier contacts that are in accordance with the norms of an impending trade law.
Officials Given Extra Time On Amendments A proposal is being considered to lengthen time allotted to government officials to correct laws affected by the rulings of the Constitutional Court.
Corporate Procedures In Russian Companies Relocate Into The Internet A first in legislative innovation – notifying stockholders about meetings through the Internet.
Forceful Tactics Continue To Daunt Businesses Government officials have numerous methods of pressuring small businesses.
Find Job Vacancies Here Find Employees Here
Average Monthly Wage in Russia While the economic crisis did take a substantial toll on Russia's average wage, the numbers, according to the Russian Federal State Statistics Service, are growing substantially again. However, this does not account for unpaid wages, which have become a more pressing problem, nor does it account for employees currently on forced leave or reduced schedules.
Limitations On Length Of Forced Leave May Be Lifted The number of employees on forced leave and reduced schedules is decreasing.
Retail Does Not Need Migrant Workers Russia's Federal Migration Service has issued an official recommendation that its employees avoid issuing work permits for migrant workers to be employed in retail.
There is much more HR information available in the Russian version of this same newsletter!
Internationally Mobile Workers: Summary Of Recent Changes The following information was prepared by HW Fisher & Company, a firm of chartered accountants in the UK. It has been reproduced here with permission for the benefit of those readers of the Alinga Market Update who are affected by UK taxation regulations.
The following resource is meant to quickly introduce the reader to some of the major English-language commentary concerning the current financial crisis in Russia, how that crisis might affect Russia's government and ruling structure, and what the international outlook is for Russian business.
Easier Employment For Foreign Financial Experts In Russia Legislators intend to simplify procedures for banks and financial institutions hiring foreign specialists.
Registration Deadlines For Foreigners A new bill in the Duma might allow foreign citizens to register within seven business days. Those who receive temporary or permanent residency would still need to register within three days.
Audit and Taxation Legal Accounting and Payroll Questions? Ask Alinga's Experts!
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