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About Alinga | |
 15.10.09
Welcome from Alinga! What does IFRS mean for Russia? The same thing it means everywhere else: clear reporting, accessible information, stronger due diligence investigations, and better tax and financial strategies. Join Alinga on October 29th for our annual seminar – this time focusing on IFRS in Russia. We will discuss latest developments, such as the recent introduction of IFRS for SMEs, as well as Russia-specific issues, such as using 1C for parallel accounting.
This event is free, but by invitation only. Contact Christian Lorentzen for more infromation.
If you have comments, questions, or suggestions on other ways we can improve our site and newsletter, please contact the editor! To subscribe to this newsletter, send an email with "Subscribe Alinga" in the subject field to our editor.
Alinga News!
Latest Print Edition of the Alinga Market Update Now Available! (PDF 5MB) Our latest edition deals with such common crisis 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.
 Alinga Consulting Group has joined IGAF Worldwide.
Alinga to Present at Tax Conferences Alinga will be presenting at AmCham's 2009 Annual Tax Conference, AEB's Tax Director Forum, and at its own IFRS Seminar. Additionally, Alinga will be participating in InterNations 2-year Anniversary.
Alinga Consulting Group is pleased to announce that Maxim Grishin has joined its team as Senior Audit Manager-IFRS.
Alinga Takes Different Holiday Approach Last year Alinga altered its approach to its traditional holiday gifts to clients to one more in line with the "holiday spirit."
Chet Bowling Celebrates 18 Years in Russia From its very birth, one of core principles of Alinga Consulting Group has been to provide the best business support to clients possible.
Payments Into Overseas Retirement Funds Not Classifiable As Expenditures Russia's Ministry of Finance, issued an opinion on foreign organizations with branches in Russia that pay into their employees' voluntary, private retirement funds based abroad.
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!
Different Reporting Needed For Different Tax Inspections Most Moscow tax authorities are demanding documentation less often in order to verify expenses on cell phone usage for tax deduction purposes.
Moscow: Small Businesses Lost In Tax Labyrinth Relations between the tax authorities and businessmen are put to the test once again with a series of new, ambiguous bills. State financial controllers insist that "tax rates are the lowest in Europe," while entrepreneurs complain of the "endless and confusing tax reforms."
An organization that provides professional training or skills workshops for its employees at unlicensed institutions may not deduct the expense from its profit tax base.
Rate For Simplified Taxation System In Moscow May Be Lowered To 10% The Moscow City Council will soon be reviewing the corresponding bill.
Taxes May Be Raised On Cigarettes, Alcohol A press release from the Ministry of Finance published on the Russian government's official website outlines changes proposed by the Ministry to excise taxes for certain goods.
FTS Proposes Businesses Pay Profit Tax At Their Place Of Production Collection of Personal Income Tax and Profit Tax has fallen in the regions from January to August. An amendment to the Tax Code – specifying that if an enterprise is located in a region, the parent company must also be located there – may help the regions.
Increasingly Fewer Tax Disputes Taxes remain the main point of contention in disputes between business and the government. However, the SAC recorded an unexpected drop.
Proof Required To Show That Destruction Of Files Was Premeditated The Federal Arbitration Court ruled that since the inspectors did not have any evidence supporting their claim that the company intentionally destroyed the documents, there was no basis for the lawsuit.
Imperfect Judiciary To Blame For Human Rights Problems – Medvedev Russia does have human rights problems and flaws in the judicial system are one of the causes of this, President Dmitry Medvedev told Swiss media on the eve of his visit to Switzerland.
Supreme Arbitration Court Proposes Creation Of Specialized Courts The head of the Supreme Arbitration Court A.A. Ivanov stated that the court is proposing to create a small number of specialized courts to deal with, in particular, cases concerning banking and tax matters.
Government Officials Face Tighter Scrutiny Russian President Dmitry Medvedev has signed two decrees creating new oversight for the government's new anti-corruption measures.
Public Prosecutors Will Learn To Protect Business The Prosecutor General's Office has written a guidance manual on protecting entrepreneurs' rights.
Over 34,000 Corruption Crimes Exposed In Russia In 2009 Russian law enforcement laid bare over 34,000 corruption crimes in January-August 2009.
Russian Land Reform (PDF 267KB) This issue includes an article on Russia's incomplete land reform, an analysis of its enterprise land reform and tables and diagrams on Russian land purchases. The authors show that Russia's contemporary land reform remains incomplete because very little actual land was distributed to private individuals. The Medvedev government is faced with having to correct the shortcomings of previous land reform policies.
Civil Society in an Authoritarian Political Environment Drawing on examples from many nations, this article from The International Journal of Not-for-Profit Law examines the difficulties confronting civil society in authoritarian environments, including political repression, legal repression, and threats. The article also discusses the preconditions for the reemergence of civil society where it has been suppressed.
Ex-head Of Russian Power Grid Accepts Conclusions On Power Plant Disaster Former head of the Unified Energy Systems of Russia Anatoliy Chubais accepts the conclusions made by Rostekhnadzor about the causes of the accident at the Sayano-Shushenskaya hydropower plant and is ready to take responsibility for everything that took place in power engineering at the time when he held the office.
Find Job Vacancies Here Find Employees Here
In many companies, after downsizing due to the crisis, the official list of duties for the remaining employees has grown significantly.
Russians Too Busy To Take Sick Days The results of a poll show that 94% of Russians courageously fight off their colds at work. Respondents between the ages of 30 and 40 (97%) reported having to do so most often.
There is much more HR information available in the Russian version of this same newsletter!
Education Degrees Diplomas Must Be Legalized Authorities no longer accept diplomas which are not legalized or apostilled.
Dividends Paid To Foreigners: Tax Issues Dividend taxes are calculated on the date the money was transferred to the shareholder.
This month Alinga's partner, The School of Russian and Asian Studies, marks the coming of Halloween with a special Russian MiniLesson on haunted places in Russia.
CNN interview with Medvedev (streaming video) During a recent trip to the United States, Russia's Dmitry Medvedev was interviewed by CNN's Fareed Zakaria.
European Report On The Conflict In Georgia A new report that spreads lots of blame to both Russia and Georgia and indicates both violated international treaties is being used by both countries to argue that they were right in their actions during the Five Day War last August. (Full text of report online).
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.
Best Regions Of Russia To Do Business In Experts from the National Institute of Systematic Research have compiled ratings for regions of the Russian Federation that have created the most favorable conditions for the development of small businesses.
Russia and the Economic Crisis (PDF, 267KB) This issue of the Russian Analytical Digest examines Russia's financial vulnerabilities resulting from the global financial crisis. With Russia's foreign direct investment increasing, it also looks at the stimuli driving Russia's FDI amid the economic recession. The policy brief also presents Russia's current economic indicators in an international comparison.
Benchmarking IT Industry Competitiveness 2009 (PDF, 1MB) This Economist Intelligence Report argues that Russia's competitiveness improved this year.
Audit and Taxation Legal Accounting and Payroll Questions? Ask Alinga's Experts!
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