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31.10.2025
ENTITIES SUPERVISED BY THE BANK OF RUSSIA: THREE-YEAR INSPECTION FREQUENCY TO BE ABOLISHED

Amendments to the Bank of Russia's Instructions on the procedure for conducting inspections of supervised entities will come into effect on October 31, 2025. 

One of the changes is the abolition of the mandatory three-year inspection frequency. Starting in the first half of 2026, inspections will be scheduled solely based on an assessment of the risks and specific activities of each financial market participant. 
This applies, in particular, to credit institutions, non-state pension funds, trade organisers, payment system operators, credit bureaus, large insurers, and professional securities market participants.
30.10.2025
CONSENT TO THE PROCESSING OF PERSONAL DATA MUST BE SUBJECT-MATTER AND SPECIFIC

The Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications clarified the specifics of formalising and applying consent to the processing of personal data. 

In particular, it must be drawn up and voluntarily signed by the subject of personal data separately from other documents. The content of the consent must comply with the requirements of subjectivity, concreteness, and awareness.
29.10.2025
DIGITAL INNOVATIONS IN THE FINANCIAL MARKET: RULES FOR MAINTAINING REGISTERS WITHIN THE FRAMEWORK OF THE EXPERIMENTAL LEGAL REGIME

For a subject of the experimental legal regime in the area of digital innovation in the financial market, the rules for maintaining a register of persons who have entered into legal relations with it within the framework of the regime have been updated. In addition, the procedure for maintaining the register of results of intellectual activity, created, among other things, with the use of AI technologies during the implementation of the regime, by the specified subject has been additionally established.

28.10.2025
SELF-SUFFICIENCY IN SOFTWARE - FOR THE IMPLEMENTATION OF CORE PROJECTS

Rules are proposed for concluding agreements on the development and/or modernisation of computer programs and databases for the purpose of import substitution of software for the implementation of particularly significant projects. The agreements shall be concluded between the Government and Russian organisations that are significant software developers. The condition is that exclusive rights to the software are not transferred to foreign entities or Russian companies with a foreign stake of more than 25%.

27.10.2025
FEDERAL TAX SERVICE: ELECTRONIC DOCUMENTS CAN NOW BE SIGNED USING A TOKEN

The Federal Tax Service continues to promote opportunities of its machine-readable electronic document creation service. Documents created within the service can now be signed using a token.

A token is a special certified USB drive for storing electronic signature keys, compatible with computers and smartphones.
24.10.2025
ASSESSING THE FINANCIAL AND ECONOMIC STATUS OF COMPANIES AND INDIVIDUAL ENTREPRENEURS: NEW METHODOLOGY DEVELOPED

Starting from 2026, legal entities and individual entrepreneurs will be able to obtain an extract proving their financial and economic status through their taxpayer personal account. It will be formed within one business day from the day following the request. 

The assessment shall consist of two stages, with criteria for each stage specified. An extract can be obtained using a standard, additional, or custom template. A request for an assessment and an extract for each form can be submitted no more than once per day. 
Such extract can be verified using a QR code and on the Federal Tax Service website. It shall contain information current as of the date preceding the assessment request. 
Legal entities and individual entrepreneurs can submit a request to the tax authority to adjust the assessment results, along with supporting documents, within five business days of receiving the extract. The tax authority will adjust the assessment results or refuse to do so, providing reasons for the adjustment, within five business days.
23.10.2025
PROCEDURE FOR ASSIGNING TAXPAYER IDENTIFICATION NUMBERS TO CHANGE IN 2026

According to the new procedure, TINs will be assigned as follows: 

1) to a Russian organisation - upon its registration with the tax authority at its location upon creation, including through reorganisation, or registration in accordance with Federal Law No. 290-FZ of August 3, 2018 on International Companies and International Funds; 
2) to a foreign organisation - upon its first registration with the tax authority on the grounds provided for in the Tax Code of the Russian Federation; 
3) to individuals - upon their first registration with the tax authority. 
The assigned TIN shall be confirmed by an extract from the taxpayer register, the Unified State Register of Legal Entities, the Unified State Register of Individual Entrepreneurs (EGRIP), or the register of certified branches and representative offices of foreign legal entities. 
It is not subject to change, except in cases of amendments to regulatory legal acts or adjustments to the established structure.
22.10.2025
PROVISIONS FOR ATTRIBUTING LEGAL COSTS TO A PERSON WHO ABUSES THEIR PROCEDURAL RIGHTS MAY BE ADDED TO THE RUSSIAN CODE OF CIVIL PROCEDURE

A draft law has been introduced in the State Duma, proposing to supplement the Code of Civil Procedure of the Russian Federation with a new article borrowing the provisions of Article 111 of the Arbitration Procedure Code of the Russian Federation regarding the attribution of legal costs to a person who abuses their procedural rights.

The authors of the initiative explain that the absence of a mechanism similar to Article 111 of the Arbitration Procedure Code of the Russian Federation in civil proceedings leads to inequality of procedural rights between the parties, encourages dishonest behaviour by litigants, and leads to protracted court proceedings. The new provision of the Code of Civil Procedure will help eliminate these circumstances.
21.10.2025
MINISTRY OF FINANCE WILL ESTABLISH SPECIFICS FOR THE APPLICATION OF INTERNATIONAL AUDITING STANDARDS IN THE RUSSIAN FEDERATION

Starting January 1, 2026, documents introduced in Russia containing international auditing standards will be supplemented with information clarifying who must sign in the Russian Federation: 

- an auditor's report; 
- an expert statement of a practicing specialist; 
- an assurance report or conclusion; 
- a report on the review of forecast financial information; 
- a report on the agreed-upon procedures engagement.
20.10.2025
PROCEDURE FOR CONDUCTING FEDERAL SANITARY AND EPIDEMIOLOGICAL SURVEILLANCE: AMENDMENTS FROM OCTOBER 15, 2025

The frequency of scheduled sanitary and epidemiological monitoring for facilities has been adjusted, depending on the assigned risk category, as well as the rules for mandatory and voluntary preventive visits (brought into line with the Law on State Control). 

The default risk category for various facilities has been changed. Specifically, any activity involving the organization of children’s recreation and health improvement is now automatically assigned the "extremely high risk" category.
Additionally, the regulation has been supplemented with a list of types of entrepreneurial activities that, once notified of their commencement, will trigger a mandatory preventive visit from Rospotrebnadzor within the next six months. A total of nine types of activities are included, such as catering, bakeries, dairy production, and certain other food products.
17.10.2025
PROCUREMENT OF AUDIT AND CONSULTING SERVICES FROM RUSSIAN ENTITIES AFFILIATED WITH FOREIGN ENTITIES IS PROHIBITED

It was decided to introduce a ban on the purchase of audit and consulting services from Russian entities affiliated with foreign entities. 

It applies to companies that have foreign persons among their participants (founders) or among persons owning more than 10% of shares or stakes in the authorised (share) capital. 
The decision does not apply to companies from countries of the Eurasian Economic Union.
16.10.2025
TEMPORARY PROCEDURE FOR RESIDENTS TO ACQUIRE EXCLUSIVE RIGHTS TO INTELLECTUAL PROPERTY FROM PERSONS OF UNFRIENDLY STATES HAS BEEN CLARIFIED

The Ministry of Economic Development has clarified the temporary procedure established by the President of the Russian Federation for residents to acquire exclusive rights to the results of intellectual activity or means of individualisation from persons of unfriendly states. 

Among other things, the issues of identifying persons from unfriendly states, fulfilling monetary obligations, using a special O-type account, and obtaining permission from the Government Commission for Control over Foreign Investments to conduct transactions were discussed.
15.10.2025
BANK OF RUSSIA HAS OUTLINED THE NUANCES OF MAKING CROSS-BORDER MONEY TRANSFERS THROUGH THE FASTER PAYMENT SYSTEM (FPS)

When making cross-border money transfers through the FPS, system participants are advised to inform the client of any existing restrictions, prohibitions, or special procedures regarding transactions with non-residents before confirming the actions and to post a summary of them in the payer’s banking application. 

In addition to confirming the transfer, the banking application should also provide the client with the opportunity to provide information necessary for the FPS participant to decide whether the transfer is related to economic measures; whether or not the competent authority has authorised the transaction (deal) for the FPS participant to conduct control.
14.10.2025
ANOTHER FOREIGN ASSET HAS BEEN TRANSFERRED UNDER THE TEMPORARY MANAGEMENT OF THE FEDERAL PROPERTY MANAGEMENT AGENCY

100% of the shares of VONORUS LLC, owned by Silgan Metal Packaging Mitterdorf GMBH (a manufacturer of metal packaging), have been transferred to the temporary management of the Federal Property Management Agency.

13.10.2025
ELECTRONIC SIGNATURE: RECENT ANSWERS FROM THE FEDERAL TAX SERVICE

We present to your attention 10 recent answers from the Federal Tax Service on frequently asked questions regarding electronic signatures. The questions were asked by users through a special service on the website of the Federal Tax Service.

The Federal Tax Service's responses provide information on, among other things, where a lawyer should apply for a certified digital signature; whether a unified register of issued digital signature certificates exists; the minimum age for an individual to obtain a certified electronic signature verification key certificate; whether multiple electronic signature keys for different applicants can be stored on a single key storage device, and more.

10.10.2025
THE CENTRAL BANK OF THE RUSSIAN FEDERATION HAS EXTENDED RESTRICTIONS ON INTERNATIONAL MONEY TRANSFERS FOR ANOTHER SIX MONTHS

Restrictions on international money transfers have been extended until March 31, 2026.

Russian citizens and non-resident individuals from friendly countries will still be able to transfer up to $1 million to any foreign bank account within a month (equivalent in another foreign currency). Limits on transfers through money transfer systems remain in place - no more than 10,000 US dollars per month.
Limits on transfers through money transfer systems are maintained - no more than 10 thousand US dollars per month (equivalent in another foreign currency).
Individuals working in Russia who are non-residents of both friendly and unfriendly countries can transfer salary funds abroad.
The ban on transferring funds abroad remains in place for individuals who are non-residents from unfriendly countries and for legal entities from such countries who do not work in Russia (except for foreign companies controlled by Russian entities).
Banks from unfriendly countries can transfer funds in roubles using correspondent accounts in Russian credit institutions if the payer and recipient accounts are opened in foreign banks.
The specified prohibitions and restrictions do not apply to operations involving the transfer of funds by foreign investors who invest in the Russian financial market from In-type accounts to accounts abroad.
09.10.2025
IT WAS DECIDED TO MAINTAIN RESTRICTIONS ON TRANSFERS OF FUNDS ABROAD BY NON-RESIDENTS FROM UNFRIENDLY COUNTRIES FROM BROKERAGE OR TRUSTEE ACCOUNTS

From October 1, 2025, the Bank of Russia will suspend the transfer of funds abroad by non-residents from unfriendly countries from brokerage or trustee accounts for another 6 months. This applies to both individuals and legal entities. 

The restrictions do not apply to the return of funds abroad by foreign investors (foreign persons acting in their interests) who invest in the Russian financial market. These funds held in In-type accounts with Russian brokers or trust managers.
08.10.2025
PLANNING A HOLIDAY VACATION IN 2026

In 2026, it was decided to move only two days off that fall during the New Year holidays: 

- from Saturday January 3 to Friday January 9;
- from Sunday January 4 to Thursday December 31. 
As a result, employees with a classic five-day work week will have 12 consecutive days off during the New Year holidays - from December 31, 2025 to January 11, 2026. 
Also in 2026, three consecutive days of rest will be: 
- from February 21 to February 23; 
- from March 7 to March 9; 
- from May 1 to May 3; 
- from May 9 to May 11; 
- from June 12 to June 14.
07.10.2025
STARTING IN OCTOBER, THE MY SIGNATURE APP WILL ALLOW YOU TO SIGN TAX RETURNS

The Federal Tax Service announces the expansion of the functionality of the online signing service for electronic documents and tax reports in the My Signature app. It can now be used to send any document to the director of a legal entity or an individual entrepreneur.

In addition, the My Signature app, if you have a verified account in the Unified Biometric System, still allows you to obtain an encrypted and certified digital signature certificate for a legal entity or individual entrepreneur from the Certification Centre of the Federal Tax Service. The application stores a secret key that can be used to sign documents and does not require experience in independently setting up specialised programs on a computer.
06.10.2025
BIRTH CERTIFICATES ARE NO LONGER REQUIRED FOR BORDER CROSSINGS: CHILDREN WILL NEED A PASSPORT

From January 20, 2026, birth certificates will no longer be required for Russian citizens under 14 years of age to travel to Abkhazia, Belarus, Kazakhstan, Kyrgyzstan, or South Ossetia. 

After January 20, 2026, entry into Russia using this document will only be possible for those children who travelled abroad using a birth certificate before this date. 
Also, from January 20, the possibility of obtaining a certificate of entry (return) to Russia in exchange for a birth certificate at Russian consular offices in the territories of the specified countries will be cancelled if the birth certificate has been lost, has become unusable, or if the child has reached the age of 14 during its stay abroad. 
The Ministry of Foreign Affairs recommends that children obtain international passports in a timely manner.
03.10.2025
ROSFINMONITORING DRAWS THE ATTENTION OF PAYMENT ACCEPTANCE OPERATORS TO CHANGES IN THE REGULATION AND SUPERVISION OF THEIR ACTIVITIES

Starting from October 1, 2025, regulation and supervision of the activities of payment acceptance operators, including compliance with anti-money laundering and counter-terrorist financing (AML/CFT) requirements, to be carried out by the Bank of Russia.

On October 1, 2025, Rosfinmonitoring will proactively remove all payment acceptance operators from its register. 
If operators have a personal account on the Rosfinmonitoring website, re-registration will not be necessary; the functionality will be updated automatically (including replacement of forms of formalised electronic messages).
There is no need to submit applications to Rosfinmonitoring for deregistration or to request changes in the personal account.
02.10.2025
OUTBOUND TOURISM: CREDIT RATING LEVELS OF BANKS FOR THE PLACEMENT OF RESERVE FUND ASSETS HAVE BEEN DETERMINED

Amendments have been made to the Tourism Law, according to which credit institutions in which the funds of the reserve fund of the association of tour operators in the field of outbound tourism may be placed must comply only with the requirements for the level of credit rating under the national rating scale. The Government has determined this level. The previous criteria for selecting credit institutions for these purposes are no longer valid

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