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About Alinga | |
 27.02.08
Welcome from Alinga!
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.
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!
Expenses For Financial US GAAP Audit Tax Deductible The reason is that the auditing is necessary for preparing US GAAP financial reports, and, at the same time, is necessary to carry out normal business activities.
Tax Amnesty For Those Working Toward Education, Medical Treatment, And The Future Citizens and companies must be freed from taxes on education, medical insurance, and pension accruals. Prime Minister Viktor Zubkov gave this task to his subordinates
No Documentation, No Tax Exemption Taxpayers must present documentation for housing expenses incurred during business trips. This expense is deductible from may be exempt from income tax but should not exceed 700 rubles per day for trips within Russia, and not more than 2500 rubles for each day of international travel.
FTS Contemplates Tax Payments Through Electronic Payment Terminals The Federal Tax Service (FTS) is considering an idea to allow individuals pay taxes through electronic payment terminals, announced the Deputy Director of FTS Data-Processing Center.
Software developers received exemption from VAT on software license sales. However, the exemption does not extend to retail sales of software sold in individual boxes.
Tax Deduction For Apartment Purchase in Russia This deduction must be made within three years of purchasing the residence. The maximum deduction is one million rubles.
Russian lawmakers have recently proposed two major pieces of legislation that seek to regulate the Internet in Russia. One or both of these proposed pieces of legislation may be adopted; both are problematic.
Director Must Sign His Own Hiring Order The general director's labor contract must be signed by one of the founders on behalf of the the others. Hiring is formalized by an order, which the general director will issue on the basis of the labor contract.
Businessmen Obligated To Report Financial Relations With Foreigners The scope will include not only public officials, but also their relatives and even closest business partners.
Diplomatic Immunity May Be Withdrawn With Foreign Government’s Consent The purpose of the bill is to eliminate existing inadequacies in regulation proceedings towards holders of diplomatic immunity according to international law and international agreements of the RF.
Find Job Vacancies Here Find Employees Here
Seniority Bonuses Decrease Tax Base One-time seniority bonus payments may be deducted from the tax base on the condition that the method payments, their amount and payment provisions are provided for by company regulations and labor and/or collective contracts.
Microsoft To Monitor Your Every Move The system will reportedly include wireless sensors that measure heart rates, body temperatures, and blood pressure, as well as follow the employees' movements and facial expressions.
New Regulations For Immigrant Labor In Russia The document also includes regulations regarding allowed quota of foreign employees used by organizations performing "other activity in the sphere of sports" on the RF territory.
4.5 Billion Rubles in Fines For Illegal Labor Altogether during the last year over 160 000 employers had to bear administrative liability for using illegal labor.
Over Half Of the Population in Russia’s Regional Capitals Expects Income Growth in 2008 44.1% of large cities’ population anticipates their income to grow, 31.5% expect to keep the same income level, and 9.5% expect a decrease.
Review of Russian Economic News in English This review is produced monthly by the US Russia Chamber of Commerce of New England (USRCCNE). Alinga Consulting Group is a USRCCNE member.
Biometric Documents For Foreigners May Be Introduced In Russia The appropriate forms are already designed; the next step is to draft the necessary legislative acts. According to the FMS officials, it is mostly completed.
Hotels Might Again Process Registration This would essentially imply a return to the previous system used by the FMS and the hotel industry before the "reforms" of 2007.
Wherefore the Russian Holidays? The results of our informal poll are in! What is the effect of the long Russian holidays on Russian business?
Does Outsourcing Increase IT Costs? "As a generalisation it would be hard to save money, and maintain excellent service, in a well-run service."
Virtual Communication to Replace Bureaucratic Nightmare in Russia? This year in Russia an Internet site will be created that brings together information about all government services of the federal and regional executive branches.
U.S. Visa Premium Processing for AmCham Members Premium Processing will allow AmCham member company employees to obtain a visa within five business days or less.
Have questions on any issue above? Ask the Expert! More about services from Alinga Consulting Group
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