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About Alinga | |
 11.06.08
Welcome from Alinga! As we gear up for the four-day weekend, which starts on the twelfth and will celebrate one of Russia's newest holidays, "Russia Day," The Alinga Market Update brings you an overview of Russian business news for the past four weeks. As usual, there have been plenty of court cases and actions by the tax authorities and government that have caused either concern or hope among NGOs and businesses, among organizations dealing with trademarks and those involved in import/export, among the many and diverse Russians and foreigners involved with business in Russia. This month's issue deals with pertinent, specific news of interest to all these groups and more.
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!
NGOs And Trademarks: Commercialization Determines Taxes Can an NGO involved in both commercial and non-commercial activity deduct expenses related to the renewal of a trademark?
The Tax Authorities keep a close watch on companies' expenses for outsourcing management positions.
Criminals Use Value Added Tax For Profit St. Petersburg tax officials were recently cheated out of 12 million rubles when thieves forged documents and stole a company's tax refund.
Foreign Salary – Russian Taxes If a rep office is headed by individual employed by its parent company, which pays the related salary and taxes abroad, what taxes are due to the Russian government?
0% VAT For Exported Goods In Foreign Warehouses Goods exported from Russia, to be stored in warehouses abroad, are eligible for 0% VAT.
Accommodations During Business Trips – Myth Or Reality? The Tax Authorities, seeing incorrectly listed tax codes for hotels, decided the hotels themselves didn't exist.
Non-Residents Taxed Highly on Property Sold In Russia Russia argues it can charge taxes to Lithuanians, despite a double-taxation treaty.
VAT On Freight Shipping By Foreign Companies Freight shipping services provided by a foreign company, including shipment of goods to and from locations inside Russia, are not subject to VAT.
Moscow Tax Authorities Detail Popular Tax Schemes The Tax Authorities compiled a rating of the most popular schemes for avoiding payments of VAT and profit tax.
Accounts In Foreign Banks Interest The Tax Authorities If your organization opens an account in a foreign bank, don't forget to report flow of funds to the tax authorities.
Tatarstan's Profit Tax Reduced In Tatarstan, a bill that would reduce the profit tax by 4 percent was approved in its first reading. The reduced tax is to be available to anyone who invests in the territory of Tatarstan.
Decree On The System And Structure Of The Federal Executive Bodies Of Power Changes aim to give the federal executive bodies an effective system and structure.
Vladimir Putin's Address To The Russian Federation State Duma On May 8th, 2008 Putin's speech as he took the post of Prime Minister - in full and in English.
Small Business Under The President's Wing President Dmitry Medvedev announced new tax and legislative breaks for small businesses.
Faked Brands Down In Russia, But Still Strong The number of faked sport and footwear dropped from 70-80 percent to 30-40 percent, medicines - from 30-40 to 10-15%, while the share of faked tea and coffee is down to 1-2 percent.
Simple Rules For Choosing A Contractor A taxpayer was ruled to be "dishonest" for not ensuring that its contractors were operating legally.
Can A Private Individual Be Considered Permanent Representation? A Cyprus company is a share holder in a Russian company but does not itself engage in business activity on the territory of the RF. The only representative of the Cyprus company in Russia is a private individual holding broad powers of attorney, including the ability to sign contracts.
Anti-Raiding Draft Law Sent For Edits The law is aimed at stiffening penalties for those who illegally acquire ownership or management rights over the property or assets of a legal entity.
Businessmen May Visit Prosecutor's Web Site To Ask For Protection Russian businessmen will soon have a chance to contact the Prosecutor-General's Office to ask for protection of their rights online.
Confiscating Property May Become Easier To Do The changes proposed by Moscow would extend eminent domain by simplifying the procedures needed to confiscate land and by broadening the list of situations under which private land can be confiscated by the state.
Russian Businesses Fear No Damage To Repute Caused By Corruption Ernst & Young says Russian businesses are not fully aware of the danger posed by corruption risks and care little about their own repute.
Find Job Vacancies Here Find Employees Here
What Employers Receive Visits From Labor Inspectors The Head of the Department for Supervision and Inspection for Labor Law Compliance explains some details about labor inspections.
Russian 'Brain Drain' Decreasing, Says Top Academic President of the Russian Academy of Sciences Yuriy Osipov has noted a decrease in the rate of academics leaving Russia to go abroad. Salaries Growing Faster Than Labor Efficiency 48.6% of employees in Russia consider themselves "overworked" by their employers. Slightly less, 47.2% do not see themselves as "overworked."
New Amendments To Russian Migration Legislation Text of new amendments to Russian migration legislation, which are now in their second reading in the Duma, has been made available by the American Chamber of Commerce in Russia. Click here to view the amendments in Russian.
The Minimum Wage May Rise To 4,330 RUR Starting January 1, 2009 the minimum wage may be increased up to 4,330 rubles, matching the subsistence level.
Employers Want To Use Over-The-Phone Lie Detectors Firms are starting to use lie detectors using a new generation of voice analysis systems to crack down on employees who call in sick when they aren't.
No More Work Permits For Foreigners For Now The Moscow branch of the Federal Migration Service abruptly stopped accepting new applications for foreign work permits last week, creating a new headache for companies planning to hire foreign employees.
Federation Council Approves Change In Visa Law The amendments would give the president powers to make procedural changes to how visas are issued.
This article, written last year by Alinga's partner organization The School of Russian and Asian Studies, remains an up-to-date and interesting overview of the short history and broad significance of Russia Day.
AmCham Russia has begun a free, bimonthly newsletter focused on American business in Russia and targeted at businesses and policy makers in the US.
Who Holds The Future Of IT Outsourcing In 2007, the market volume for IT outsourcing in Central and Eastern Europe (CEE) countries amounted to $3 billion.
Experts Insist Russian Govt Must Interfere In Gasoline A liter of gasoline is 9% more expensive now than it was January 1, while the price of diesel fuel has swelled by 12%.
Study: Marketers Stink When It Comes to CRM Marketers, who spend millions to gain data about their customers, generally fail to use it properly, says a new CMO Council study.
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