A special recording procedure for certain securities will be in effect until the end of 2025
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The Decree on the temporary procedure for fulfilling obligations to certain foreign creditors has been adjusted.
From July 1, 2024, Russian companies included in the same international group of companies (IGC) with non-residents must notify tax authorities of non-residents' accounts in foreign banks and file reports on the flow of funds. These requirements do not apply if they are fulfilled by the parent company of the IGC or a participant in the IGC, and also if more than 50% of the group's assets are located abroad, the resident does not participate in the capital or does not control non-residents in any other way, and non-residents do not participate in the capital of the resident or do not control its activities in any other way.
A program for creating shareholder value of public joint stock companies has been adopted. Its main characteristics are given. The short-term goal is to support the best market practices of issuers by preserving the values of corporate culture, the long-term goal is to increase the investment attractiveness of issuers to increase their shareholder value.
The EAEU member states must independently establish the date of introduction and the procedure for labelling certain types of canned products on their territory, notifying the EEC of such date no later than 6 months before it occurs.
A new function has appeared in the taxpayer's personal accounts. Using the online service, you can send information about receiving digital currency to the tax authority. Taxpayers who are engaged in digital currency mining must report to the authorised body on the mined currency no later than the 20th day of the month following the month in which the digital currency was received.
The priority task is to develop long-term savings and investment instruments for citizens.
The Bank of Russia has updated the procedure for conducting control measures in relation to supervised organisations. It applies to branches of foreign banks. The responsibilities of companies to be fulfilled following the results of the audit have been clarified.
The issues of conducting cash transactions with foreign currency in authorised banks in Russia have been re-regulated. The actions of cashiers, requirements for accepting and issuing currency, for working with questionable banknotes, etc., have been clarified.
Insurance of damage caused to life, health or property of other persons within the framework of the experimental legal regime in the area of digital innovations became mandatory from January 5, 2025. If, during the implementation of the regime, as a result of the use of solutions developed using artificial intelligence technologies, harm is caused to the life, health or property of a person or the property of a legal entity, then the regulatory body must create a commission to establish the circumstances under which such harm was caused.
In Russia, registers of persons mining digital currency and operators of mining infrastructure have been created. A notification of the entry of information into them serves as confirmation. No other documents should be attached to it.
A foreign organisation receiving income from sources in Russia is recognised as a payer of income tax; the tax is calculated and withheld by the tax agent. Such income includes income from the use of rights to intellectual property in Russia.
The technological policy has been regulated to achieve technological sovereignty, create conditions for accelerated development and implementation of technological innovations to solve socio-economic problems, as well as ensure the competitiveness of domestic high-tech products and the efficiency of their production through the development and implementation of technological innovations.
If transactions entailing the establishment, change or termination of rights of ownership, use and (or) disposal of shares in the authorised capital of limited liability companies (except for credit and non-credit financial institutions) are concluded between a resident who is not under the control of a person of an unfriendly state and a person not from such a country, then it is not necessary to obtain a permit from the Subcommittee of the Government Commission for Control over Foreign Investments.
A new option is provided for the registering of a drug at the initiative of the authorised agency of a EAEU member state.
From January 1, 2025, new rules for accounting for open trades in foreign exchange exposure (net foreign currency exchange position) are established for credit institutions being a central depository and also for non-bank credit institutions that are central counterparties.
In the event that Russia, Russian legal entities or individuals are deprived of the right to own property in unfriendly countries, property rights, restrictions on such rights, or threats of such deprivation (restriction), temporary management to be introduced with respect to the assets of persons and entities from unfriendly countries.
The composition of information is defined that may not be disclosed in 2025 by the following entities:
Entities and entrepreneurs will no longer need to annually confirm their types of economic activity. They will have to notify the Federal State Statistics Service about changes in the main type of activity, as well as about changes in the share of more than 20% of at least one type of activity. The Federal State Statistics Service will send this information to the Federal Tax Service. The Unified State Register of Legal Entities and the Unified State Register of Individual Entrepreneurs will become the only sources of data on types of economic activity. They will contain information on the shares of activities.
Amendments have been made to the Law on the Protection of Consumer Rights, establishing the obligation of the seller (owner of the aggregator) to inform the buyer of a link to the entry in the register of issued certificates of conformity and registered declarations. This link will be placed on the product card. If the products being sold are not subject to mandatory confirmation of conformity, the owner of the aggregator must provide the seller with the technical ability to provide this information in the product description, and the consumer must be able to read it. The specified requirements do not apply to used goods and cases where the purchase and sale agreement is concluded in a retail facility where consumers are provided with the opportunity to familiarize themselves with information on mandatory confirmation of conformity of goods.
Amendments have been made to the Law on the Protection of Citizens' Health from the Effects of Second-Hand Tobacco Smoke, the Consequences of Consuming Tobacco or Nicotine-Containing Products, according to which tobacco-free heating mixtures should be classified as a nicotine-containing product. The concept of such mixture has been introduced.
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