Relations with the Federal Tax Service (FTS) is one of the most complex aspects of doing business in Russia. Entrepreneurs …
Businesses that put operations on hold may be accused of deliberate bankruptcy
Some 100 foreign companies have publicly announced that they are halting businesses in Russia. Among them are Apple, IKEA, Inditex …
Federal budget deficit and its implications for Russia’s economy
The draft federal budget approved by the State Duma, lower house of Russia’s parliament, evidences that national economy has not …
Personal income tax 2% up in Russia
Russian government has a “national action plan to restore employment and people’s incomes, as well as to provide economic growth …
Ban on facial recognition in stores, banks, restaurants, etc.
In the US, amid sometimes violent protests and counter-protests around racial justice, Portland, Oregon legislators unanimously passed groundbreaking new legislation …
Russia to restrict bitcoin transactions
Finance Ministry in Russia has initiated amendments to the law on digital financial assets and a ban on deals with …
Law on digital assets and its implications
The law on digital assets has become another 2019 novelty to the Russian Federation Civil Code. Most importantly, the law …
Russia adds tax fraud to Criminal Code
Russian authorities have developed a bill introducing the tax fraud concept into the Criminal Code. The new legislation stipulates uniform …
State Duma approves IT tax maneuver
The State Duma has approved the draft law on the tax maneuver in the IT sector in the second and …
State Duma grants retirees loan holiday
The State Duma (Russia’s lower house of parliament) passed a bill on deferring loan payments for pensioners, Rossiyskaya Gazeta reports. …