28.11.2025

CONSOLIDATED FINANCIAL STATEMENTS IN THE STATE INFORMATION RESOURCE OF ACCOUNTING (FINANCIAL) STATEMENTS: THE PROCEDURE FOR SUBMITTING DOCUMENTS HAS BEEN APPROVED

Since September 1, 2025, it has become mandatory to post consolidated financial statements in the state information resource for accounting (financial) statements. In particular, the audit organisation that has prepared the auditor's report on the consolidated financial statements or the audit document shall submit these documents to the tax authority at its location for the purpose of forming the state information resource of accounting (financial) statements. This applies to auditors' opinions on annual consolidated financial statements beginning with the 2025 financial statements, and to auditors' opinions or documents on the review of interim consolidated financial statements beginning with the 2026 financial statements.

27.11.2025

MINISTRY OF FINANCE HAS CLARIFIED WHETHER FINANCIAL SERVICES CAN BE PURCHASED FROM RUSSIAN COMPANIES WITH FOREIGN PARTICIPATION

The Russian Ministry of Finance clarified that the current ban within the national regime on the procurement of auditing and certain other financial services from foreign companies also covers Russian companies with participation of foreign entities (except those registered on the territory of an EAEU member state), such as:

- participants (members) of a corporate legal entity;

- founders of a unitary legal entity;

- individuals tha directly or indirectly own more than 10% of the voting shares of a business company or a stake exceeding 10% in the authorised (contributed) capital of a business partnership or company.

26.11.2025

SYSTEM TO CONFIRM EXPECTED GOODS DELIVERY WILL BE CREATED TO COMBAT "GRAY" IMPORTS

The Concept for Creating a National System to Confirm Expected Goods Delivery has been approved. This system is designed to prevent the evasion of VAT and excise taxes on EAEU goods imported into Russia. It will operate in test mode starting April 1, 2026, and will be fully implemented by July 1, 2026.

In particular, importers will be required to make a security deposit equal to the amount of taxes that, according to international treaties or Russian legislation, are payable on goods imported into Russia from EAEU countries, based on the value of the expected shipment.

25.11.2025

FROM NOVEMBER 24, 2025, NOTARIES WILL BE REQUIRED TO NOTIFY HEIRS OF THE TESTATOR'S DEBTS

On November 24, 2025, a law enters into force that imposes on notaries handling inheritance cases the obligation to inform heirs about the testator‘s credit debt and its amount.

According to the amendments, the notary must send a request to the Central Catalogue of Credit Histories to obtain information about the credit bureau in which the testator's credit history is stored, or about the absence of the testator's credit history no later than three business days following the day the inheritance case is opened.

The innovations are intended to provide heirs with the opportunity to take a decision in advance about accepting or rejecting an inheritance, depending on the ratio of the value of the inherited property to the amount of debt on loans.

24.11.2025

AN EXPERIMENT HAS BEGUN ON MARKING GROCERY PRODUCTS - CEREALS, PASTA, FLOUR, ETC.

A decision was taken to conduct an experiment from November 14, 2025 to February 28, 2026 on mandatory marking of certain types of grocery products - cereals, pasta, flour and dough mixes, porridge, muesli, instant potatoes, honey, packaged in consumer packaging. The list of products is given in the Decision.

Participants in the circulation of goods, electronic document flow operators and fiscal data operators participate in the experiment on a voluntary basis.

21.11.2025

CENTRAL BANK HAS UPDATED ITS RULES FOR AUDITING PROVISIONAL ADMINISTRATIONS OPERATING AFTER LICENCE REVOCATION

New rules have been established by the Central Bank for auditing the activities of provisional administrations of banks, insurers, and non-state pension funds operating after licence revocation (cancellation). The new rules will replace those effective from 2023.

The rules also cover foreign banks and mutual insurance companies.

20.11.2025

ADDITIONAL REQUIREMENTS HAVE BEEN ESTABLISHED FOR WEBSITES OF RUSSIAN IT ORGANISATIONS

The Ministry of Digital Development has established additional requirements for the official website of a Russian IT organisation in order to obtain accreditation. These requirements are mandatory for application.

In particular, a list of information that the site must include has been defined. These include the full name of the organisation, its address, TIN, core OKVED code, codes for types of activity in the area of information technology, a description of the goods sold (developed) by the organisation, the work performed, the services provided, and reliable data on the cost of such goods, work, and services.

In addition, the site must operate 24 hours a day, providing free access and familiarisation with the documents and information included therein without the need for registration or provision of personal data.

19.11.2025

DECEMBER 1 IS THE DEADLINE FOR INDIVIDUALS TO PAY TAX NOTICES FOR 2024 EXPIRES

On December 1, 2025, the deadline for timely payment by individuals of taxes specified in the notices sent to them for 2024 expires.

The tax notice form includes taxes payable, information on taxable items, tax base, tax payment deadline, as well as the details required for their transfer to the budget system of the Russian Federation (QR and barcode, unique identifier of charges, bank payment details).

You can pay taxes to a unified tax account using the "Payment of Taxes and Duties" service, in your personal taxpayer account on the Unified Portal of State Services and Functions. It is enough to enter the bank card details or use the "seamless" payment service of one of the partner banks of the Federal Tax Service, including using the QR or barcode of the payment specified in the tax notice. You can execute a tax notice without commission at a bank, federal postal service organisations or Multifunctional Public Services Centres, as well as at the cash desks of local administrations.

If a taxpayer fails to pay taxes on time, then from December 2, 2025, the debt will grow daily due to the accrual of penalties. In this case, the tax authority will send a demand for payment thereof. If the debtor does not fulfil it, forced debt collection will follow, including with the participation of bailiffs.

18.11.2025

TELECOM OPERATORS HAVE LAUNCHED A MECHANISM TO ENSURE SECURITY AND TO PROVIDE PROTECTION AGAINST HOSTILE UNMANNED AERIAL VEHICLES

SIM cards with mobile internet may be installed inside enemy unmanned aerial vehicles (UAVs) and used for their navigation. Therefore, when a SIM card enters the territory of the Russian Federation from abroad, it is necessary to confirm that it is being used by a person, and is not embedded in a drone. Mobile internet and SMS services on such SIM card will be temporarily blocked until this confirmation is provided.

For subscribers using Russian SIM cards, a 24-hour cooling-off period applies if the SIM card has remained inactive for 72 hours or if it is back after international roaming.

Subscribers will receive an SMS notification from their mobile operator informing them that the SIM card has been temporarily blocked. The message will include instructions on how to lift the restrictions. This can be done at any time by opening the link provided by the operator and completing a CAPTCHA verification. Once verified, access to mobile internet and SMS services will be restored.

Restrictions may also be lifted via the operator’s call centre, after the subscriber successfully completes identity verification by phone.

17.11.2025

PATIENTS IN MOSCOW’S PUBLIC CLINICS AND HOSPITALS WILL BE ABLE TO SIGN INFORMED CONSENT FORMS USING A STYLUS ON A TABLET

The Government has approved an experimental legal regime, with the Moscow Department of Health designated as its operator.

Under this regime, subordinate state healthcare institutions (only those participating in the experimental legal regime) will be entitled to offer patients the option of signing informed voluntary consent to medical intervention (or refusal of such intervention) not only with a traditional handwritten signature on a paper form, but also using a special stylus on a tablet screen held by a medical worker.

14.11.2025

SIGNING DOCUMENTS FOR STATE BUSINESS REGISTRATION - NOW VIA SMARTPHONES

The "State Online Business Registration" service is fully integrated with the "My Signature" mobile app of the Federal Tax Service for smartphones. This means that you can sign not only state registration documents generated in the comprehensive "Start a Business Online" service, but also other types of state registration applications on your phone (for example, when making changes to information about an organisation or individual entrepreneur in the Unified State Register of Legal Entities or the Unified State Register of Individual Entrepreneurs in terms of OKVED codes, about the address or registration of a new version of the company's charter, liquidation of a company or reorganisation procedure).

13.11.2025

THE FACT THAT A DECISION HAS BEEN TAKEN TO INCREASE THE AUTHORISED CAPITAL IS CONFIRMED BY A NOTARY'S CERTIFICATE

The notary issues a certificate certifying the fact of the decision being taken by the body of a legal entity and the composition of the participants (members) of this body who were present when the decision was taken, as well as a certificate certifying the decision of the sole participant of the legal entity.

The holding of a meeting of participants of the civil-law community and the results of voting at it, as well as the results of absentee voting, are confirmed by the minutes of the meeting. It is drawn up in writing, including by electronic or other technical means, and is signed by the chairperson and secretary in the case of the holding of a meeting, and in the case of a decision being taken as a result of absentee voting - by the persons who counted the votes or recorded the results of their counting.

The minutes of the meeting of the body of a legal entity and the decision of the sole participant of the company are drawn up by the authorised persons of the legal entity independently. There are no requirements for notarisation of these documents. In confirmation of notarisation of the fact of adoption of a decision by the general meeting of participants (the sole participant) of a limited liability company to increase the authorised capital, it is necessary to present a certificate issued by a notary.

12.11.2025

STARTING FROM DECEMBER 1, 2025, THE METHODOLOGY FOR CALCULATING THE RECYCLING (UTILISATION) FEE WILL CHANGE

For passenger cars in category M1, the base rate of the recycling fee will be calculated based on the engine type and displacement. The engine power will affect the coefficient value according to a progressive scale. This will apply to cars with power exceeding 160 horsepower, including those imported under parallel import schemes, as well as electric and hybrid vehicles.

For individuals importing foreign cars with power up to 160 horsepower for personal use, the preferential rate will remain in effect. The changes will also not affect those who pay the recycling fee before December 1, 2025.

11.11.2025

GOVERNMENT HAS EXPANDED THE LIST OF DOCUMENTS THAT MAY BE USED AS PROOF OF IDENTITY WHEN CHECKING INTO HOTELS

When checking into a hotel, sanatorium, camping site, holiday home, boarding house, tourist base, or another similar establishment, a citizen will be able to use an international passport as proof of identity.

Currently, only Russian nationals permanently residing abroad may check into hotels using an international passport.

Starting from 1, January 2026, a driver’s licence will also be accepted for this purpose.

Moreover, it is established that military personnel, during periods of mobilisation, martial law, or wartime, are entitled to check into hotels by presenting a military identity card.

10.11.2025

BY NOVEMBER 1, 2025, THE NUMBER OF SIM CARDS MUST BE REDUCED TO 20 PER PERSON

A number 20 SIM cards be registered to a single Russian national should not exceed 20. Any excess SIM cards must be cancelled by November 1, 2025. This requirement applies both to personal and corporate SIM cards. If this limit is exceeded, mobile operators must terminate services for all numbers registered in the subscriber’s name.

Information on the number of SIM cards registered to a subscriber can be obtained via the Gosuslugi portal, as well as through the operator’s customer service, personal online account, or at an operator’s office. A contract that is no longer needed, may be terminated at a mobile phone store or through Gosuslugi. Any outstanding balance on the number must be paid. The deactivation process may take few days.

07.11.2025

FROM OCTOBER 27, 2025, THE KEY RATE WAS REDUCED TO 16.5% PER ANNUM

The Board of Directors of the Bank of Russia lowered the key rate to 16.50% per annum (by 50 bp). Let us recall that the key rate was also reduced in September.

06.11.2025

COULD TAXES PAID AT THE PLACE OF REGISTRATION OF FOREIGN BRANCHES BE RECOGNISED AS EXPENSES?

Expenses in the form of taxes (including indirect taxes) paid in another country in accordance with its laws can be included by a Russian company when determining the tax base as part of other expenses.

However, while taxes paid abroad can be offset against the corresponding tax in Russia to avoid double taxation, they cannot be included as expenses. For example, income tax paid by a Russian organisation in a foreign country can be offset under Article 311 of the Tax Code of the Russian Federation. Special provisions of Article 386.1 of the Tax Code also provide for a deduction for property tax of organisations.

It is noted that paid foreign taxes can also be included as expenses if the company receives a subsidy from the Russian budget for paying taxes. In this case, the subsidy is recognised as non-operating income, and the paid foreign taxes are recognised as other expenses.

05.11.2025

CURRENCY TRANSACTIONS: IT IS NECESSARY TO UPDATE THE PROCEDURE FOR SUBMITTING SUPPORTING DOCUMENTS

The Central Bank has prepared amendments to the instructions on the procedure for residents and non-residents to submit supporting documents and information to authorised banks when conducting foreign exchange transactions, on uniform forms of accounting and reporting for such transactions, and the procedure and deadlines for their submission.

In particular, legislative amendments will be taken into account, according to which, from January 1, 2026, instead of a certificate (notification) of registration with the tax authority, the supporting document will be an extract from the Unified State Register of Real Estate.

04.11.2025

IMPORT OF OZONE-DEPLETING SUBSTANCES: APPLICATION PROCEDURES ESTABLISHED

The information required for an application to import ozone-depleting substances into the Russian Federation, circulation of which is subject to state regulation, has been established. The procedures for submitting the application to the Ministry of Natural Resources and Environment have been defined.

03.11.2025

NUCLEAR POWER PHYSICAL PROTECTION CONTROL SYSTEMS: RESTRICTIONS ON FOREIGN PURCHASES

The Russian Government has established a list of goods from foreign countries for which procurement restrictions are imposed. This protective measure applies to the entire group of goods according to OKPD 2, indicated in the list.

The Ministry of Industry and Trade considers it appropriate to apply the restriction to all subcategories of the section "Control Means in Physical Protection Systems Used in the area of Nuclear Energy Use".

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.