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About Alinga | |
 08.07.08
Welcome from Alinga! This month's Alinga Market Update focuses on labor in Russia. We had hoped to report some substantial good news on the quota crisis that is now troubling those foreigners working in Russia and employers currently unable to find enough skilled labor in the domestic market. You'll find more information about this in our "Expat Corner." You'll also find our HR section expanded and broadly focused, covering tax and legal issues affecting labor in Russia. We've also included articles from HR and recruiting sites to help employers and employees help adjust their strategies in this increasingly competitive market.
Keep an eye out next month for our quarterly analytical edition! It is slated to include original articles focused on real estate in Russia and the legal, tax, accounting, and HR information you should know about that topic!
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!
The Ministry explains that such deductions can only be made for taxes paid in countries which have which have entered into a tax treaty with Russia.
State Duma Passes Bill On Auditing And Construction Licensing The self-regulatory organizations (SROs), which are supposed to regulate companies operating in these spheres currently lack the rules and standards to do so. Vladimir Putin Strips NGOs of Tax Exemptions Some fear that the decision of the government will cut the volume of grants in the social sphere and mark a new stage of attacks against NGOs.
MinFin Refuses VAT Deduction Based On Register Receipts Russia’s Ministry of Finance (MinFin) has refused to follow a judgment from the Supreme Arbitration Court (SAC) that an entrepreneur should be able to file VAT deductions based on cash register receipts.
Tax Declarations By Foreign Organizations A foreign organization must submit an income tax declaration to its local tax office, even if that organization is only licensed for "preproduction and support activity."
Deputies in the Duma want to increase the ceiling for loan disbursements that corporate bodies can classify as expenses which can be deducted from profit taxes.
VAT: Design And Development For Foreigners MinFin explained that the place of supply of these services is established by the location of company purchasing the services. Thus, design and development services conducted by Russian organization for foreign entities located in a foreign country are not subject to VAT on the territory of the RF.
Duma Considers Amendment To Tax Laws Concerning Small Businesses The amendments to Chapter Three of the Tax Code widen the scope of the patent system while simultaneously reducing the volume of tax reporting.
Small business should have easier examinations, Medvedev said, while large enterprises are the real concern because they operate large and dangerous industrial facilities.
Russia's Supreme Court Proposes Compensation For Judicial Delays Russia’s Supreme Court is proposing legislation that will allow all citizens, including convicts, to be compensated if the court fails to issue a verdict within six months after the proceedings have finished.
Evidence By Police To Be Recognized By Court Since a police officer is not a tax officer, he need not abide by Tax Code regulations on gathering evidence.
Customs Registration Will Become Easier The implementation of the simplified procedures is being delayed by a lack of a distinct review procedure and by the necessity to conduct special accounting to use the simplified method.
Bankers Must Disclose The Full Cost Of Credit Beginning next week, bankers will be legally obligated to disclose the full cost of any credit offered to clients before a contract is signed.
FFMS Suggests Dividing Stocks In Whole Numbers If the original number is less than one, it must be rounded up to one whole share. This may help protect minority shareholders’ rights during company reorganizations.
During the first quarter of the 2008, about 8000 people were restricted and about 500 paid off their debts.
Unused Services Must Be Paid According To The Contract The Ministry of Finance has decided that an organization is required to pay the fees for software and telephone services, as well as consulting and auditing services, as outlined by the original contract, even when the services were not actually used.
Russian Prosecutor General's Office Launches English-Language Version Of Web Site "The operation experience of the web site of the Russian Prosecutor General's Office shows that foreign nationals, especially officials of foreign law-enforcement authorities, are particularly interested in the activities of Russian prosecution authorities," a welcoming message posted on the web site says.
Find Job Vacancies Here Find Employees Here
Over Half Of Contenders Did Not Pass As Auditors The Ministry of Finance has published the results of the auditor’s qualification test held in May. The results show that becoming an auditor is not easy.
If unemployment continues dropping in Moscow, the Russian capital will soon boast an unbelievable .8 percent unemployment rate.
Russians Don't Want To Be Friends With Their Bosses Only 1 percent of respondents emphasized the advantages of maintaining friendly relationships at work.
Strikes More Frequent Labor conflicts in May 2008 cost more than in all of 2007.
Half Of Russia's Upper Middle Class Emigration-Minded The upper middle class is most upset at the high level of crime and aggression in society (59 percent), corruption (54 percent), and poor quality of the medical services (52 percent).
MinFin Says Severence May Be Tax Deductible The severance must be listed, however, in the labor or collective contract.
Russian bosses claim that it is possible for their employees to effectively work away from the office, but say they will not have as much opportunity as their colleagues for career growth.
Tax Authorities Invented A New Method For Disclosing "Grey" Salaries They receive information from tour companies processing Shengen (EU) visas.
Working In Foreign Branch Office And Personal Income Tax A Russian organization sent Russian employees to work in a branch office in Kazakhstan for one year. How does it affect the employees' tax resident status for personal income tax?
How To Keep Your Staff Well Modern life seems to bring more sources of potential stress with every passing year. How can you as an HR practitioner relieve this pressure?
Talent Management Can Be A Real Battlefield Napoleon Bonaparte, by age 30, had captured Austria, Spain and Egypt. Sadly for Napoleon, the French state did not seemingly employ an enlightened HR director to keep his ambitions in check.
Companies Inspected For Foreign Worker Violations Police are conducting the inspections without the help of the Federal Migration Service (FMS).
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.
Work Permits Quotas Adjusted In July An adjustment to the currently closed quotas for 2008 work permits is scheduled to take place this July but will affect only those who resubmitted applications for corrections prior to May 1, 2008.
Quota For Foreign Workers To Be Increased Requests for additional workplaces were sent to the Ministry of Justice.
Coca-Cola To Further Increase Its Successful Enterprise In Russia The Coca-Cola system in Russia has invested $1.8 billion USD since the early 1990's; this figure will increase to $3 billion USD in the next 3-5years.
Russians Think Chosen Development Course Correct The number of Russians who think that the chosen development course in Russia is correct has been growing year on year.
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