24.12.06

Welcome from Alinga!

Для перехода на Русский язык, в левом верхнем углу нажмите «Русская версия» S Novym Godom! Alinga Consulting Group wishes you health, happiness, and success in the New Year. May your homes be warm and your businesses profitable.    This issue of the Alinga Market Update is slightly abbreviated for two reasons. One, we realize that our readers are likely quite busy with end-of-the-year business responsibilites and two, we have included larger reviews of legislation.  We hope in this manner that you will find the information you need most during this busy and festive season.   Contact the site editor at jwilson@acg.ru with questions and comments!

Accounting in Russia

Review of Legislative Changes Affecting Accounting for November, 2006 This review (in Russian) covers all important changes to the legislation of the Russian federation passed in November, 2006 that are of relevance to the accounting profession.    The Specifics of VAT as Applied to Trade with Belarus On January 1, 2005 the Agreement on Principles of Collecting Indirect Taxes on the Import and Export of Goods, Works Completed, and Services Performed of September 15, 2004 was signed by the governments of the Russian Federation and the Republic of Belarus. Although the special tax regime for trade between the two countries has benefits, taxpayers often encounter difficulties. This article (in Russian) not only addresses in detail the overall procedure of taxation for these transactions but also brings attention to several aspects not addressed directly in the Regulations.

Audit and Taxation

Legislative Changes Affecting the Tax Code in 2007  In the summer of 2006, several amendments were introduced into the Tax Code of the Russian Federation.  These amendments will go into effect January 1, 2007, with certain provisions taking effect January 1, 2008. The purpose of the following article is to inform you of the most recent changes, which will be important and relevant to the work of both accountants and managers.

Legal Updates

How to Change the Head of a Representative or Branch Office of a Foreign Company From time to time and for various reasons there is a need to change the Head or Director of a company branch office in Russia. Doing so is simple; it is not a painful process and does not require preparation of complex documents. Find out more here.

Human Resources

Find Job Vacancies Here                                                                               Find Employees Here   Certification as a Professional Accountant Even though certification as professional accountant only appeared in Russia several years ago, today it is enjoying great popularity. Arriving for an interview, one of the first five questions we hear from the potential employer is: "Do you have certification as a professional accountant?" So what about certification is so special? Why should it really raise the demand for an individual accountant searching for work in Russia? Find out here.   Personnel for Rent: New forms of HR management The array of services offered by personnel agencies has grown much wider than simply filling open vacancies. The extent to which these other services are in demand in today's market – and how useful they are to today's enterprises is the subject of this article.

Business Resources

Alinga Seminar - On November 10, 2006, Alinga Consulting Group hosted a seminar at the Swissotel in Moscow. Presentations were given on a range of topics from taxation, to labor legislation, to the difference (IFRS vs. RAS) in accounting for leasing operations. See a sampling of the presentations here. See questions asked by seminar participants and answered by Alinga's experts here.