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12.08.2022
THE CABINET OF MINISTERS HAS DETERMINED, MANUFACTURERS OF WHICH RADIO-ELECTRONIC PRODUCTS CAN EXPECT ON TAX BENEFITS
A list of electronic (radio-electronic) products has been approved, manufacturers and developers of which can take advantage of insurance premiums or income tax benefits.
The list includes smart cards, laptops, tablets, LCD TVs, video cameras, cash registers, tachographs, etc.
 
11.08.2022
THE BANK OF RUSSIA HAS EXTENDED RESTRICTIONS ON FOREIGN CURRENCY CASH WITHDRAWALS FOR ANOTHER 6 MONTHS, UNTIL MARCH 9, 2023
The limit equal to 10,000 US dollars or the same amount in euros, valid until September 9, 2022, for withdrawing cash foreign currency from a foreign currency account or deposit remains.
Citizens that have not yet had time to take advantage of this opportunity from March 9, 2022 can withdraw only money in foreign currency that was credited to an account or deposit before March 9, 2022. The remaining funds can still be received in roubles at the market rate on the day of withdrawal.
Until March 9, 2023, restrictions on purchase of foreign currency will remain in force: banks can sell to citizens only euros and US dollars that entered to their cash desks after April 9, 2022.
 
10.08.2022
DECISION ON THE ESTABLISHMENT OF THE STATE-RUN NON-PROFIT COMPANY "ROSKADASTR" IS SIGNED
The company is created in accordance with the Federal Law through the reorganisation of Rostechinventarisation - Federal BTI JSC, the Federal State Budgetary Institution "Federal Scientific and Technical Center for Geodesy, Cartography and Spatial Data Infrastructure", and the Federal Cadastral Chamber of the Federal Service for State Registration, Cadastre and Cartography.
It is established that from the date of state registration, "Roskadastr" is entitled to carry out activities of the mentioned federal institutions and the joint-stock company.
 
09.08.2022
THE FEDERAL TAX SERVICE PUBLISHED NEW PUBLIC DATA OF COMPANIES FOR 2021
Sets of public data for 2021 on special tax regimes applied by organisations, as well as on their participation in the consolidated group of taxpayers, are posted on the website of the Federal Tax Service. Information from the sets is also disclosed in the "Transparent Business" service.
Information is placed in accordance with the Tax Code and helps in choosing reliable business partners.
 
08.08.2022
AMENDMENTS HAVE BEEN MADE TO THE FAMILY CODE OF THE RUSSIAN FEDERATION, ALLOWING HEIRS TO CHALLENGE THE RECORD OF PATERNITY IN COURT
Item 1 of Article 52 of the Family Code of the Russian Federation defines a list of persons who have the right to challenge in court the entry about the father (mother) of the child in the birth register, made in the case when the parents are not in a marriage.
This list has been amended. According to the amendments, this right is vested in the heir of the person recorded as the father of the child.
 
05.08.2022
THE KEY RATE HAS BEEN REDUCED TO 8% PER ANNUM
On July 22, 2022, the Bank of Russia decided to lower the key rate by 150 basic points. up to 8% per annum.
Following the meeting, the Bank of Russia published a medium-term forecast.
According to the forecast of the Central Bank of the Russian Federation, annual inflation will decrease to 12-15% in 2022, to 5-7% in 2023 and decrease to 4% in 2024.
 
04.08.2022
THE MODE OF ACCOUNTS OF TYPE C HAS BEEN CLARIFIED
Another reason has been established for debiting funds from a type "C" bank account opened for a non-resident. This is possible when returning to the payer the funds credited to such an account if the obligation, in fulfilment of which the funds were credited, is fulfilled in another way that does not contradict the legislation of the Russian Federation.
 
03.08.2022
LIABILITY FOR VIOLATION OF BUSINESS ACTIVITY
A number of laws have been signed that amend the Code of Administrative Offences of the Russian Federation. In particular, the provisions of the Code, which define the rules for imposing administrative penalties for offences detected within the framework of state and municipal control, have been adjusted in the direction of softening.
 
02.08.2022
MORE THAN 40 NEW STANDARDS COME INTO FORCE ON AUGUST 1, 2022
More than four dozen GOSTs and preliminary standards come into effect from August 1, 2022, including a set of standards on intellectual property and highways.
 
01.08.2022
AMENDMENTS ARE MADE TO FSBU 25/2018 ACCOUNTING FOR RENT
The amendments provide for the following:
- lease payments will include payments stipulated by the lease agreement, net of VAT;
- if the subject of the lease, by the nature of its use, belongs to the group of fixed assets for which a lessee has made a decision on revaluation, the lessee may revalue the corresponding right to use the asset. Thus, the lessee is entitled to decide whether to revalue the corresponding right to use the asset or not.
It is clarified that the standard does not apply to public sector organisations.
 
29.07.2022
CURRENCY PENALTIES ARE REDUCED
The President signed a law introducing amendments to Article 15.25 of the Code of Administrative Offences of the Russian Federation, establishing liability for violation of currency legislation.
The article excludes the mention of professional participants in foreign economic activity. Penalties for illegal foreign exchange transactions have been reduced for all participants in foreign economic activity.
 
28.07.2022
BRANCHES OF FOREIGN COMPANIES THAT ARE DEVELOPERS OF SUBSOIL RESOURCES AND OWNERS OF GAS TRANSMISSION INFRASTRUCTURE CAN BE FORCIBLY TRANSFORMED INTO RUSSIAN LLCs
Laws on foreign investments, on privatisation, on registration of legal entities, on concession agreements have been adjusted.
It is possible to forcibly transform branches of foreign companies that are developers of subsoil resources and owners of gas transmission infrastructure into limited liability companies by decision of the arbitration court.
This is about branches with at least 25% of the shares of Russian owners. During the transformation, the rights of foreign owners are preserved but may be limited if they interfere with the operation of the limited liability companies.
 
27.07.2022
PERSONAL DATA ARE SAFE & SECURE
Operators are expressly prohibited from refusing to provide services to citizens if they refuse to provide their personal data in cases where this is not necessary. The processing of biometric personal data of minors is limited.
 
26.07.2022
DIGITAL FINANCIAL ASSETS: A SPECIAL TAXATION PROCEDURE IS ESTABLISHED
Amendments to the Tax Code concerning a special taxation procedure for transactions with digital financial assets (DFA) and hybrid digital rights are approved. Based on this, free circulation of digital rights becomes possible.
 
25.07.2022
LIABILITY IS ESTABLISHED FOR THE REPEATED DRIVING UNDER DISQUALIFIED DRIVING LICENCE
Independent and enhanced administrative liability is established for driving a vehicle with a disqualified driving licence in case of the repeated violation.
 
22.07.2022
EXPORTERS OF NON-RESOURCE GOODS EXEMPTED FROM MANDATORY REPATRIATION OF FOREIGN EXCHANGE EARNINGS
Exporters exempted from mandatory repatriation of foreign exchange earnings. They are allowed to transfer foreign currency received from non-residents under foreign trade agreements to their accounts opened in foreign banks, the prohibition of which is established by Decree of the President of the Russian Federation No. 79 of February 28, 2022.
The exception is persons supplying raw materials (oil, gas, fish, salt, sulphur, graphite, asbestos, ore, ferrous and basic non-ferrous scrap waste, pearls, wood, etc.). They must repatriate the proceeds within 120 business days of being credited to the foreign account.
 
21.07.2022
FROM DECEMBER 1, 2022, PROVIDERS OF LEGAL AND ACCOUNTING SERVICES, AS WELL AS LAWYERS AND NOTARIES MUST REPORT FREEZING OF CLIENTS' ASSETS
Starting from December 1, 2022, the obligation to provide Rosfinmonitoring with information on measures to freeze (block) funds or another property taken in accordance with subitem 6 of item 1 of article 7 of the anti-money laundering law becomes applicable, inter alia, to lawyers, notaries, trustees (managers) of a foreign structure without forming a legal entity, executive bodies of a personal fund that has the status of an international one (except for an international inheritance fund), as well as to persons engaged in entrepreneurial activities in the field of providing legal or accounting services. The procedure for reporting the relevant information will be determined by the Government of the Russian Federation.
 
20.07.2022
THE EUROPEAN COURT OF HUMAN RIGHTS WILL INFORM APPLICANTS FROM RUSSIA OF ITS DECISIONS THROUGH THE COURT'S DATABASE
The European Court of Human Rights informs that due to interruptions in international postal communication with Russia, the Court, as an exception, decided to notify applicants of decisions and rulings adopted by its Chamber and Committee after March 1, 2022 following the results of consideration of complaints against the Russian Federation, only through its database.
 
19.07.2022
THE MINISTRY OF INDUSTRY AND TRADE HAS ADJUSTED THE LIST OF GOODS FOR WHICH PARALLEL IMPORTS ARE ALLOWED
The range of goods subject to parallel imports has been expanded, which relate, in particular, to perfumery and cosmetics, personal hygiene items, watches, products made of plastic, rubber, base metals and some other product groups.
 
18.07.2022
FROM JULY 1, 2022, THE MONTHLY LIMIT FOR TRANSFERS OF FUNDS ABROAD FOR INDIVIDUALS IS INCREASED UP TO $1 MILLION
It is reported that from July 1, 2022, individuals that are Russian residents are entitled to transfer within a calendar month from their account in a Russian bank to their account abroad or to another person no more than one million US dollars, or an equivalent amount in another foreign currency.
A similar threshold is set for transfers of resident individuals originating from friendly states.
 
15.07.2022
RUSSIA IS PLANNING TO SETTLE PAYMENTS UNDER EUROBONDS IN ROUBLES AT THE DOMESTIC RATE
Russia will fulfill debt obligations under Eurobonds to residents and foreign creditors in roubles at the domestic rate. For this, foreign depositories should open "I" type accounts with the Russian central depository.
 
14.07.2022
RULES FOR RESIDENTS ARE RELAXED - WITH RESPECT TO CONTRIBUTIONS TO THE PROPERTY OF FOREIGN COMPANIES
 
From June 1, 2022, residents are entitled, without obtaining individual permissions from the Central Bank of the Russian Federation, to pay for shares, deposits, shares in the property of non-residents, as well as under simple partnership agreements, if such payment is made:
- in roubles or the currency of a friendly state;
- or in the currency of an unfriendly state in the amount of not more than 15 million roubles.
Previously, such transactions were possible without obtaining an individual permit from the Bank of Russia when depositing funds in favour of residents only from friendly countries in the currency of a friendly state or in roubles in the amount of no more than 10 million roubles.
 
13.07.2022
THE FEDERAL TAX SERVICE REMINDS THAT AUTOMATED "SIMPLIFIED TAXATION" STARTS ON JULY 1, 2022
From July 1, 2022, in Moscow, the Moscow region, Kaluga region and in the Republic of Tatarstan, an experiment will start to introduce a new special taxation regime "Automated Simplified Taxation System" (also known as AUTS). For the convenience of taxpayers, a promo page has been launched on the website of the Federal Tax Service, in order to help in understanding nuances of applying this regime.
Organisations and individual businessmen, whose number of employees is not more than 5 people and whose annual income is less than 60 million roubles, will be able to apply it.
 
12.07.2022
FROM JUNE 29, 2022, DOCUMENTS FOR REGISTRATION OF RIGHTS TO REAL ESTATE AND CADASTRAL REGISTRATION SHOULD BE SUBMITTED ONLY IN PERSON OR IN ELECTRONIC FORM, BUT NOT BY MAIL
Amendments to the Law on State Registration of Real Estate exclude postal items from the number of ways to send an application for registration of rights or cadastral registration. Thus, the corresponding documents should be submitted only in person to a subdivision of the Federal Cadastral Chamber of Rosreyestr or to a multifunction center, or sent in electronic form signed with an enhanced certified digital signature (including through the public services portal).
 

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