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30.09.2022
A SPECIAL PROCEDURE HAS BEEN INTRODUCED FOR TRANSACTIONS WITH SHARES IN RUSSIAN LLCS, PERFORMED WITH THE PARTICIPATION OF PERSONS FROM UNFRIENDLY COUNTRIES

Decree of the President of the Russian Federation establishes a special procedure for transactions that directly and or) indirectly entail establishment or change of the rights of ownership, use and (or) disposal of shares in the authorised capital of an LLC or other rights that make it possible to determine conditions for managing such companies and (or) conditions for carrying out entrepreneurial activities by them, if such transactions are performed with participation of persons of unfriendly states. Such transactions man be carried out only on the basis of permits issued by the Government Commission for Control over Foreign Investments in the Russian Federation.

29.09.2022
TERMS OF INDUSTRIAL MORTGAGE PROGRAM ARE ESTABLISHED

The Government of the Russian Federation has determined parameters of the industrial mortgage program - the provision of preferential loans to Russian organisations or individual businessmen for the purchase of real estate items for industrial activities.

Loans under this program will be issued for up to 7 years at a preferential rate of 5% per annum. For technology companies, the rate will be 3% per annum. According to the terms of the program, the loan amount should not exceed 500 million roubles.
28.09.2022
GOVERNMENT HAS SIMPLIFIED THE PROCEDURE FOR OBTAINING LICENCES FOR EXPERT EXAMINATION IN THE FIELD OF INDUSTRIAL SAFETY

Organisations engaged in industrial safety expert examination are entitled to quickly obtain a licence for such activities. Now it may be issued through the portal of public services. Documents are checked remotely. Licences are issued within 10 business days. Field assessment of compliance with licence requirements is also carried out in the remote mode.

27.09.2022
A NEW PROCEDURE FOR PROVIDING EMPLOYERS WITH FORMS OF EMPLOYMENT RECORD BOOKS HAS BEEN APPROVED

From January 1, 2023, new employment record books will be introduced. In order to purchase employment record book forms, employers should contact manufacturers or distributors, information on which is posted on the manufacturer's website. Despite the introduction of a new form of employment record books from January 1, 2023, employment record books of the previous type previously issued to employees do not need to be exchanged, and employers will be able to use the old forms without a time limit.

26.09.2022
THE BANK OF RUSSIA HAS DETERMINED THE TABLE FORM TO REFLECT THE MAIN TERMS OF THE BANK DEPOSIT AGREEMENT

The form is developed in pursuance of amendments to the Law on Banks and Banking Activities in order to more clearly inform consumers of the terms of a bank deposit agreement. The table will indicate a type, amount, currency and term of the deposit, an amount of the constant interest rate (several rates, if provided for by the agreement, indicating the period of their application), or the procedure for determining the variable interest rate, the procedure for paying interest, the possibility of replenishing and early withdrawal of part of the deposit, as well as certain other conditions.

23.09.2022
THERE WILL BE A UNIFIED FORM OF A CERTIFICATE ON THE STATUS OF SETTLEMENTS WITH THE BUDGET FROM OCTOBER 1, 2022

From October 1, 2022, an order establishing a unified form of a certificate on the status of payments for taxes, fees, insurance premiums, penalties, fines, interest, the procedure for filling it out and an electronic format will come into force.

22.09.2022
BAN ON CURRENCY ISSUE FEE FROM ACCOUNTS AND DEPOSITS OF INDIVIDUALS HAS BEEN EXTENDED

Until March 9, 2023, the ban for banks to charge a commission from individuals when issuing foreign currency from deposits or accounts has been extended. Also, until March 9, 2023, there will be a ban on fees for converting foreign currencies into US dollars or euros if the conversion was carried out for the subsequent issuance of funds.

Earlier, the Bank of Russia extended until March 9, 2023 the restrictions on the withdrawal of cash currency from accounts and deposits of individuals.

 

21.09.2022
AUTHORISED REPRESENTATIVES OF A FOREIGN VEHICLE MANUFACTURER HAVE THE RIGHT TO BE APPLICANTS DURING THE TYPE APPROVAL OF THE VEHICLE UNTIL THE END OF 2024

Until December 31, 2024, authorised representatives of a foreign vehicle manufacturer have the right to be applicants during the type approval of the vehicle (approval of the chassis type) or during extending the validity of that certificate of approval.

20.09.2022
BANKS ARE NOT ENTITLED TO CHARGE A COMMISSION FROM INDIVIDUALS FOR ISSUING CURRENCY FROM ACCOUNTS OPENED BEFORE MARCH 9, 2022

The Board of Directors of the Bank decided to establish that from September 9, 2022 to March 9, 2023 a credit institution is not entitled to:

- charge a commission from individuals when issuing them cash foreign currency in the amount of the balance as of 00:00 Moscow time on March 9, 2022 from any of their deposits or accounts in foreign currency (regardless of the currency of the account or deposit) opened with this credit institution,
- charge a commission for the conversion of foreign currency in the amount of the balance as of 00:00 Moscow time on March 9, 2022 into US dollars or euros, carried out in order to issue foreign currency cash to individuals from any of their deposits or accounts in foreign currency (regardless of the currency of the account or deposit).
19.09.2022
FROM SEPTEMBER 13, 2022, NEW COMPULSORY MOTOR THIRD PARTY LIABILITY TARIFFS TO BE APPLIED

The tariff corridor for CMTPL (maximum and minimum tariffs within which insurers set the insurance premium) for most car owners has been expanded by 26% up and down. In particular, for cars of individuals, the base rate of the tariff will be set in the range of 1,646 to 7,535 roubles (earlier the corridor was 2,224 to 5,980 roubles).

The changes are involved with an increase in the cost of spare parts in the current conditions.
 
16.09.2022
AIRCRAFT RENTING AND LEASING: CASES WHEN FINES AND DELAYS DO NOT THREATEN

Decision No. 1529 of the RF Government clarified certain issues of fulfillment in 2022 by residents of liabilities to foreign creditors originating from hostile countries, involved in paying renting, leasing or other payments under contracts for the purchase, rental and leasing of aircraft, auxiliary power units, aircraft engines.

15.09.2022
A TEMPORARY BAN ON THE EXPORT OF WASTE AND SCRAP OF PRECIOUS METALS IS INTRODUCED
From September 1, 2022 to February 28, 2023 inclusive, the export from Russia is prohibited with respect to waste and scrap of precious metals or metals clad with precious metals, other waste and scrap containing precious metals or compounds of precious metals, used mainly for extraction of precious metals that are essential for the domestic market.
14.09.2022
THE BANK OF RUSSIA CLARIFIED THE APPLICATION OF RESTRICTIONS ON CREDITING FOREIGN CURRENCY DIVIDENDS AND PROFITS TO FOREIGN ACCOUNTS
From July 5, 2022, restrictions on the transfer of funds by residents to foreign accounts in foreign currency have changed. From this date, the ban applies only to dividends and other similar income received from Russian business entities.
 
13.09.2022
IMPORTANT AMENDMENTS TO LABOUR PROTECTION ENTER INTO FORCE ON SEPTEMBER 1
On September 1, 2022, new rules for training on labour protection came into force, regulations on the investigation into the incident, the procedure for undergoing a mandatory psychiatric examination by employees, allowance of free milk for harmful working conditions and many other things.
 
12.09.2022
IT IS PLANNED TO INTRODUCE MANDATORY LABELLING OF DIETARY SUPPLEMENTS
Rules for labelling dietary food supplements by means of identification have been developed. It is assumed that the labelling of dietary supplements will become mandatory from April 1, 2023.
 
09.09.2022
TWO NEW CHAPTERS ON REAL ESTATE RIGHTS APPEARED IN THE CIVIL CODE OF THE RUSSIAN FEDERATION
Amendments adopted at the end of 2021 came into force on September 1, 2022. The amendments provide for adding to the Civil Code of the Russian Federation two new chapters:
- "Immovable Items";
- "The Right of Ownership and Other Real Estate Rights to Buildings, Structures, Facilities in Process, Premises and Parking Spaces".
 
08.09.2022
ONLINE ADVERTISING: IMPORTANT INNOVATIONS IN REGULATION FROM SEPTEMBER 1, 2022
 
On September 1, 2022, amendments to the Law on Advertising will come into force, which expand the list of cases in which it is allowed to place, distribute advertising of risk-based games, wagers carried out by organisers of gambling in sweepstakes, and means of identification of such organisers.
Advertisers, advertising distributors, operators of advertising systems that have placed advertisements on the Internet aimed at attracting the attention of advertising consumers residing in the territory of the Russian Federation will have to transfer data about such advertising to Roskomnadzor (this obligation will not apply to operators of social advertising).
 
07.09.2022
RESIDENTS LIVING ABROAD WILL BE ABLE TO RECEIVE PENSIONS TO ACCOUNTS IN FOREIGN BANKS
For persons living abroad, pensions and other payments may be transferred in roubles to their accounts opened with foreign banks. For this, an application should be submitted.
Previously, payments were made only to accounts opened with Russian banks.
 
06.09.2022
FROM 2023, TAXPAYERS WILL SWITCH TO UNIFIED TAX ACCOUNTS
An institution of a unified tax account opened for each taxpayer in the Federal Treasury has been introduced. The payer transfers a unified tax payment to this account, indicating in the payment order only the amount of the payment and his/her INN. The tax authority, on the basis of documents and information available to it, will independently set off a unified tax payment towards the fulfilment of the obligation to pay taxes, fees and insurance premiums.
 
05.09.2022
EXPERIMENTS ON LABELLING BEER, NUTRACEUTICALS, DISINFECTANTS, DETERGENTS AND SANITISERS ARE EXTENDED
The Government of the Russian Federation extended the labelling experiments until February 28, 2023:
- beer, beer drinks and certain types of low-alcohol beverages;
- nutraceuticals and dietary supplements;
- disinfectants, detergents and sanitisers.
It was previously established that the experiments would end on August 31, 2022.
 
02.09.2022
IMPORTANT AMENDMENTS TO THE LEGISLATION ON PERSONAL DATA WILL ENTER INTO FORCE ON SEPTEMBER 1, 2022
On September 1, 2022, the July amendments to the Law on Personal Data will come into force, aimed at increasing the protection of personal data of citizens from unauthorised access by an unlimited number of persons, as well as strengthening state control in this area.
One of the main amendments is that a notification on the processing of personal data will now have to be submitted to Roskomnadzor in almost all cases of personal data processing.
 

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