
15.02.10

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Our latest issue of the Alinga Market Update offers new, original articles on two important issues for internationally-minded businesses operating in Russia. First, "IFRS as a Tool of Due Diligence," outlines how international standards can be employed to make a company in Russia a more attractive and safer M&A target for investors abroad.
Second, "1C as a Platform for Parallel Accounting" shows how a popular Russian software program can keep your books simultaneously in both Russian Accounting Standards and international standards.
To find out more about these issues – and how Alinga can assist your company in using these valuable business tools – 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.
Alinga News!
Anatoly Gakenberg Joins Alinga Consulting Group As Head Of Legal Practice
Alinga Consulting Group is proud to announce that Anatoly Gakenberg has joined its team as the new Head of Legal Practice. Anatoly specializes in cross-border mergers and transactions, debt and equity financing transactions and corporate governance issues involving Russia-based and international corporate clients operating in Russia and the CIS.

1C As A Platform For Parallel Accounting
Today nobody questions the necessity of applying international accounting standards. It is also obvious that the process of preparing financial records according to the specific requirements of International Financial Reporting Standards (IFRS) demands that a specialist have special training and a significant amount of time.
Accounting And Tax Implications For Transferring Debt To Charter Capital
At the end of 2009, legislation was passed loosening restrictions on debt restructuring in a company’s charter capital. More specifically, as of 2010, company shareholders or third parties can make monetary claims on the charter capital of an OOO.
Regional Branches Of The Pension Fund Give Warnings About New Insurance Payment Rules
Companies will need to transfer insurance contributions according to the new rules by February 15.
Notify Your Accountants!
There is much more "Accounting and Payroll" information available in the Russian version of this same newsletter!

IFRS As A Tool For Due Diligence
IFRS provides a number of specific methods, guidelines, and tools which can be applied to measuring, presenting and disclosing the financial data.
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!
Small Companies May Be Freed From Mandatory Audits
A special-purpose committee recommended that a bill that would free companies from mandatory audits if their proceeds are less than 400 million rubles be discussed in the State Duma.
Taxes Will Limit Foreign Lending
The Ministry of Finance will soon consider using taxes to deter Russian banks from denominating debt in foreign currencies.


Overview Of New Laws On Charter Capital
According to recent changes in Russian federal law, monetary claims may now be applied to the charter capital of an OOO. Likewise, additional shares of a joint-stock company (AO) may be paid with claims if those shares are sold in a private offering.
Constitutional Court Supports Case Law
The Constitutional Court of the RF made a ruling for the first time regarding the constitutionality of case law in Russia.
Liquidation With Obstacles
On Friday, February 5, the State Duma will consider reforms to the registration and liquidation procedures for legal entities in a first reading of a new bill.
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