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2009 Draws to a Close
With the end of the year already within sight, it's time to not only start thinking about the upcoming holiday season, but also about how to close your accounting for 2009 and who will audit that accounting for you in 2010.
The end of 2009 also marks the deadline for Russian LLC's to re-register – which means you are in an excellent position to also re-examine your company charter for compliance and efficiency. Alinga can help you with all of this – see our newsletter and contact us for more information!
Lastly, Alinga is excited to announce that it is planning for growth in the New Year! We are seeking a new Head of Legal Practice as we seek to expand our services. If you or someone you know is qualified and interested in working for a dynamic, internationally focused business services firm, please contact us!
If you have comments, questions, or suggestions on other ways we can improve our site and newsletter, please contact the editor! To subscribe to this newsletter, send an email with "Subscribe Alinga" in the subject field to our editor.
Changes To Vacation Days For 2010 Calendar Year
Deputy Head of the Russia's Federal Labor and Employment Service Ivan Shklovets announced to RIA Novosti that the upcoming New Year holiday period will be extended.
Notify Your Accountants!
There is much more "Accounting and Payroll" information available in the Russian version of this same newsletter!
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!
Ministry Of Finance Dismisses Proposal Regarding Minuscule Tax Arrears
Business owners concerned about budgetary problems are asking the Ministry of Finance to stop this self-defeating practice and to simplify the procedure for informing taxpayers of minor tax arrears.
Standard Agreement Against Double Taxation To Be Reviewed Soon
A new standard agreement on avoiding double taxation will soon be reviewed by the government.
Insurance Costs Deductible
Insurance expenses are fully deductible if they are related to the commercial activities of Russian legal entities - subsidiaries of French companies or permanent establishments of French companies in Russia.
Promised Tax Breaks For Small Businesses Have Yet To Materialize
The tax burden on companies that use simplified taxation may soon be lowered.
Changes To The Federal Law "On Limited Liability Companies (OOOs)"
All existing LLCs are obliged to amend their bylaws to make them compliant with the new law. It is highly recommended to complete the process before January 1, 2010 to avoid any confusion.
Re-registration Deadline For OOOs (LLCs) May Not Be Strongly Enforced
The deadline for turning in re-registration documents may be extended beyond January 1, 2010.
Make The Most Of OOO Re-registration
As part of their mandatory re-registration, Alinga Consulting Group recommends that all companies also examine their corporate documents in light of all recent legislative changes and court rulings.
Incorporation Guidelines To Change
President Dmitry Medvedev has approved the framework for reforming corporate law as prepared by the Presidential Council on the Codification of Civil Law.
Major Changes To Trade Bill Proposed
Russia's Ministry of Economic Development did not approve the latest version of a bill on retail trade and is proposing to eliminate one of its most controversial articles - that on lowering the maximum market share a single company can hold to 25%.
Patent Court May Soon Be Established In Russia
The Chairman of the Supreme Arbitration Court, Anton Ivanov, announced plans to create a patent court in the near future to hear cases involving intellectual property law.
Government Officials Don't Know The Law
A poll carried out by The Center for Economic and Financial Research (CEFR), in cooperation with the World Bank, questioned regional officials about reforms to government regulations.
Rights Activists Refuse to Leave Moscow Center
The Moscow Helsinki Group disagrees with the proposal made by the Moscow authorities to move its headquarters to the south of Moscow.
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Sixty Percent Of Russians Favor Unemployment Insurance
If unemployment insurance were available in Russia, 60% of working Russians would make use of it.
Russians Changing Professions
Many Russians possessing higher education degrees are now changing their specializations. The majority of them are seeking additional education in order to increase their competitiveness in the job market.
Total Amount Of Jobless Persons In Russia Goes Down By 4% To Top 5 Mln
The total amount of unemployed persons in Russia, which is calculated on the basis of the International Labour Organisation (ILO) methodology, decreased by four percent in September 2009.
Moscow's Minimum Wage To Rise
Beginning January 1, 2010, the minimum monthly wage in Moscow will increase to 9,500 rubles.
Notify Your HR!
There is much more HR information available in the Russian version of this same newsletter!
Changes To Registration For Foreigners
The following is a short redaction and translation of the Federal Migration Service order which makes clarifications to the way by which foreigners must register in Russia.
Economic News In Review
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.
Doing Business in Russia
Doing Business in Russia 2009 report focuses on local regulations that affect four stages in the life of a small or mid-sized domestic enterprise.
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