A special recording procedure for certain securities will be in effect until the end of 2025

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11.04.2025
FROM APRIL 1, 2025, ONLY ONE FORMAT OF ELECTRONIC INVOICE WILL BE IN EFFECT

The Federal Tax Service reminds that April 1 marks the end of the transition period during which taxpayers had a choice of formats for generating electronic invoices. The Order of the Federal Tax Service dated December 19, 2023 approved two Annexes, one of which is valid until the end of March 2025. Thus, from April 1, 2025, only the format provided for on Annex No. 1 to the Order to be applied to generate an electronic invoice and universal transfer document. 

Invoices generated after April 1, 2025 using the old format will violate the requirement of the Tax Code of the Russian Federation, which means that the taxpayer will have difficulties accounting for VAT. 
However, the Federal Tax Service notes: if counterparties began document flow before April 1, 2025, then it should be completed in the same format in which it was started, even if the old format was used. 
The key value is the date of issuing the invoice, recorded by the e-document flow operator in the confirmation of the dispatch date.
10.04.2025
TEMPORARY MANAGEMENT OF THE RUSSIAN SUBSIDIARY OF ARISTON HAS BEEN LIFTED

Temporary management of Gazprom Household Systems JSC has been lifted from the share in the authorised capital of Ariston Termo Rus LLC, which belongs to Ariston Holding N.V.

09.04.2025
PROTECTING CITIZENS FROM TELEPHONE AND INTERNET FRAUD: A NEW LAW IS ENDORSED

As part of the counteracting against telephone fraud, the following is provided: 

- self-prohibition on concluding contracts for the provision of communication services without personal presence; 
- ban on the transfer of SIM cards to third parties (except close relatives); 
- self-prohibition on international calls, spam calls and mailings; 
- mandatory marking of all outgoing telephone calls from organizations. 
A special state information system (GIS) to be created, which will store information on persons that have committed illegal acts through public communication networks, including subscriber numbers used for these purposes. 
Access to it will be granted to the Prosecutor General's Office, the Investigative Committee, the Central Bank, credit institutions, communication operators, as well as federal executive authorities and organisations, the list of which will be established by the Government. 
Employees of government agencies, banks, communication operators, digital ecosystems are prohibited from communicating with citizens and clients through foreign messengers. 
In the financial market, in particular, the requirements for identifying borrowers when issuing microloans in electronic form are being tightened. 
Any person will be able to appoint a trusted person to whom the credit institution will contact to confirm the operation of issuing cash or issuing a loan. 
Credit institutions, owners of aggregators and operators must provide information requested by police investigators and FSB agencies through SMEV.
08.04.2025
OPERATORS MUST PROVIDE INFORMATION TO ROSKOMNADZOR TO IDENTIFY COMMUNICATION FACILITIES AND USER EQUIPMENT ON THE INTERNET

The procedure, terms, composition and format for providing information by a communication operator to Roskomnadzor to identify communication facilities and user equipment (terminal equipment) on the Internet on the territory of a country, region or part thereof have been established. 

Information shall be sent through a personal account on the Roskomnadzor website by filling in electronic forms or posting in XML format and using a secure communication channel. 
Information may be provided at the request of Roskomnadzor. In this case, it must be sent within an hour. 
Operators that received a licence before the Order came into force must send the information within 6 months. 
Operators that obtained a licence after the Order came into force must send the information no later than 15 business days after the start of providing Internet access services.
07.04.2025
REQUIREMENTS FOR TECHNICAL MEANS OF CONTROL OVER COMPLIANCE WITH REQUIREMENTS ON RESTRICTING ACCESS TO INFORMATION HAVE BEEN UPDATED

Communication operators, owners of technological communication networks that have a unique identifier for a set of communication means and other technical means on the Internet must be equipped with technical means of control over compliance with requirements on restricting access to information. 

In connection with amendments into the Law on Communications, Roskomnadzor has updated the requirements for the specified technical means of control, the procedure for their provision, installation and operation. 
Amendments to the law have expanded the functionality of technical means (control over the passage of traffic through technical means of countering threats).
04.04.2025
THE CENTRAL BANK OF THE RUSSIAN FEDERATION AGAIN KEPT THE KEY RATE AT 21%

On March 21, 2025, the Bank of Russia decided to keep the key rate at 21% per annum.

According to the forecast of the Central Bank of the Russian Federation, taking into account the current monetary policy, annual inflation will decrease to 7-8% in 2025 and return to 4% in 2026. 
The next meeting of the Board of Directors of the Bank of Russia on the key rate is scheduled for April 25, 2025.
03.04.2025
A FORMAT FOR TRANSFERRING INFORMATION TO THE TAX AUTHORITIES IS RECOMMENDED FOR THE OPERATOR OF THE MINING INFRASTRUCTURE

The operator of the mining infrastructure is obliged to report quarterly to the tax authority information related to the implementation of digital currency mining by the person to whom this operator provides services for the provision of mining infrastructure.

02.04.2025
THE FEDERAL FINANCIAL MONITORING SERVICE UPDATES THE PROCEDURE FOR INFORMATION INTERACTION WITH THE CENTRAL BANK OF THE RUSSIAN FEDERATION

Amendments were made to the Law on Countermeasures to Combat Legalization (Laundering) of Illegally Obtained Proceeds and Financing of Terrorism, according to which the requirements of anti-money laundering legislation apply to branches of foreign banks through which foreign banks operate in Russia. 

Corresponding amendments are proposed to be made to the regulations on the procedure for sending information by the Federal Financial Monitoring Service to the Central Bank of the Russian Federation that provided by organisations conducting transactions with money or other property.
01.04.2025
RESTRICTIONS ON TRANSFERS OF FUNDS ABROAD BY NON-RESIDENTS FROM UNFRIENDLY COUNTRIES FROM BROKERS OR TRUST MANAGERS' ACCOUNTS HAVE BEEN EXTENDED

Restrictions on transfers of funds abroad by non-residents from unfriendly countries from brokers or trust managers' accounts have been extended for another six months. 

The restrictions apply to transfers from accounts opened by individuals or legal entities with Russian brokers or trust managers.

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