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About Alinga | |
 16.09.09
Welcome from Alinga! It seems no one can agree on whether the crisis is over, nearly over, or preparing for another "wave." While we leave this for the economists to argue about, we do think that the lessons of the crisis should be obvious to anyone in business. Efficiently managing company resources, keeping lines of communication and information open, and knowing what your options are in the event of a crisis are perhaps the three biggest factors to helping companies stay successful through this economic downturn.
Our latest analytical print edition of the Alinga Market Update, due out at the end of this month, deals with such issues as tax planning, writing off bad debt, the accounting side of refinancing loans, and effectively managing your team in the face of expenditure cuts. No matter what the economy may surprise us with next, we hope these articles will help you strengthen your business.
If you would like to receive a complimentary copy of this publication to any address within the Russian Federation, please our editor know at jwilson@acg.ru.
You will find our latest regular monthly edition of the Market Update below with lots of news updates on accounting, tax, and legal issues, as well as a special focus on foreign businesses and employees working in Russia.
Alinga Announces Next Seminar! Alinga will hold a seminar on "IFRS: Increase Transparency and Attract Investment" on October 29th. Admission is by invitation only. Contact Christian Lorentzen for more infromation.
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 capital's small businesses will soon be paying reduced rates.
Top Four Recent Tax Inventions Of Russia's Tax Authorities Never shy away from challenging the tax authorities. If you believe you are unjustly being taxed or fined – hire an experienced tax lawyer to help you and file an appeal in court.
New Caps For Simplified Taxation System To Be Applied Individually The new income restrictions for the simplified tax system, as prescribed by Federal Law, will not be applied simultaneously, according to the Federal Tax Service's Letter.
Court Enforces Statute Of Limitations On Tax Fines The tax authorities will begin forgiving some outstanding debts.
The International Accounting Standards Board (ISAB) has made several resources for the IFRS for SMEs available for free online.
Limited Liability Companies In Disarray Over Registration Deadline It appears unlikely that businesses will manage to get through the re-registration process by January 1.
White-Collar Crimes On Rise In Russia - Top Investigator Russian Investigative Committee chief Alexander Bastrykin said the number of white-collar crimes, including those involving high-ranking officials, is on the rise in the country.
Evolving Corruption: Hostile Takeovers, Corporate Raiding, And Company Capture In Russia Russian companies increasingly face the threat of "hostile" takeover, or company capture, which greatly increases the cost and uncertainty of conducting business. Hostile takeovers through illegal or illegitimate means stem from the weakness in Russian law and institutions and have grave political, social, and economic consequences.
60 Public Services To Be Provided In Electronic Form The Russian government will soon name 60 public services that will be provided electronicly, Vice Prime Minister Sergei Sobyanin said.
Prosecutor Orders Better Supervision Of Small Business' Rights Prosecutor General Yuri Chaika demanded that prosecutors step up supervision over the rights of small and medium-size business in Russia.
Rate Of Organized Crime, Corruption Still Not Steady Organized crime's penetration into authorities and commercial entities grows amid the financial crisis, says a corruption and organized crime report of the Russian Interior Ministry's Investigation Committee.
Russia's Average Bribe Triples Over Year To 27,000 Rbls The average bribe given in Russia has tripled over twelve months to reach 27,000 rubles, the chief of the Interior Ministry's department for economic security, Yuri Shalakov.
Police Officers Taught Conduct Regarding Small Businesses The Ministry of Internal Affairs (MVD) is planning to issue special instructions for police officers involved in inspecting small- and medium-sized enterprises (SMEs), announced MVD head Rashid Nurgaliev.
Courts Take Unduly Soft Line Toward Police Violence – Media The rate of crimes by police in Russia keeps growing. Beatings and tortures of detainees and corruption are an everyday occurrence. Even the Interior Ministry has had to ring the alarm bell.
Find Job Vacancies Here Find Employees Here
Moscow Attracting Fewer Residents During tough times, Russians are choosing the peace and quiet of the provinces.
Banking Profession Slowly Losing Popularity With Russians – Poll The banking profession is slowly losing popularity with Russians. The number of people who call this profession profitable has declined from 49% in 2007 to 43%, the Yuri Levada analytical center said.
There is much more HR information available in the Russian version of this same newsletter!
A sizable number of foreign workers in Russia who lost their jobs recently do not want to return home.
Russia Eases Entry Procedures For Top Foreign Managers, Hopes For Reciprocal Steps The Russian Federal Migration Service (FMS) is creating special conditions for foreign top managers to enter (Russia), and it hopes for reciprocal concessions, deputy director of the Russian Federal Migration Service Yekaterina Yegorova told journalists.
During the last six months many companies have become more willing to replace foreign personnel with Russian staff. According to recruiters, approximately 70% of expats have lost their jobs in Russian companies during this time.
Federal Migration Service To Begin Conducting More Frequent Inspections The FMS will soon be able to inspect companies more often than once every three years.
The following resource is meant to quickly introduce the reader to some of the major English-language commentary concerning the current financial crisis in Russia, how that crisis might affect Russia's government and ruling structure, and what the international outlook is for Russian business.
World Bank: Harder To Do Business In Russia Russia was ranked the 120th easiest place to do business in the World Bank's 2010 Doing Business report.
IMF Executive Board Concludes 2009 Article IV Consultation With The Russian Federation On July 27, 2009, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with the Russian Federation.
Audit and Taxation Legal Accounting and Payroll Questions? Ask Alinga's Experts!
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