The State Duma adopted a law on a progressive personal income tax scale
These changes must still be approved by the Federation Council and signed by the President. On July 10, the State Duma adopted the tax reform law and government amendments to it. Currently, there...
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Russian VAT for foreign sellers on marketplaces
On July 1, 2024, new tax rules for the sale of goods from the EAEU countries on marketplaces will come into force. Foreign sellers previously did not pay VAT when selling goods to...
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Business solutions for international financial transactions
In modern business, one of the main difficult problems is the process of making payments between Russian and foreign companies. Sanctions and restrictions imposed in various jurisdictions create additional obstacles to the timely...
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Simplified procedure for obtaining a residence permit by foreign IT specialists
The Ministry of Internal Affairs of Russia stated that the procedure for employment and obtaining a residence permit in Russia has been simplified for foreign specialists in the field of information technology. Foreign...
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Residence permits for foreign investors in Russia
Russian Prime Minister Mikhail Mishustin approved the new criteria that foreign investors must meet in order to obtain the permanent residence permit in Russia: To obtain the residence permit, a foreign investor must...
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COVID-19 Business Support Measures
The COVID-19 pandemic that began in the first months of 2020 dealt a blow to most sectors of the domestic economy. The leadership of the Russian Federation was forced to take measures to...
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Is 2018 the right time to enter Russian Market?
At the present time foreign investors take an interest in Russian stocks and investments in funds oriented on Russian market. Such factors as the price stabilization of oil and the hope for thaw...
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New liability and fines for violations related to the processing of personal data
On July 1, 2017, the new amendments to the Administrative Offences Code of the Russian Federation (the Administrative Code) related to the processing of personal data will come into force. The Russian Government...
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