Windfall tax for major companies to be introduced in Russia
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28.02.2023
FROM FEBRUARY 21, 2023, A NEW PROCEDURE ENTERS INTO FORCE FOR INTERACTION WITH A REGISTRATION AUTHORITY WHEN SUBMITTING ELECTRONIC DOCUMENTS FOR STATE REGISTRATION OF LEGAL ENTITIES OR INDIVIDUAL BUSINESSMEN
The Federal Tax Service has established a new procedure for interaction with the registration authority when sending electronic documents required for state registration of legal entities or individual entrepreneurs, as well as requirements for the formation of such electronic documents. This procedure enters into force on February 21, 2023. At the same time, the current rules of interaction will no longer be valid
27.02.2023
INDIVIDUAL ENTREPRENEURS, LAWYERS WHO HAVE ESTABLISHED LAW OFFICES AND PRIVATE NOTARIES ARE INCLUDED IN THE CIRCLE OF PERSONS WHO CAN ORGANISE PRACTICAL TRAINING FOR STUDENTS
For this, Item 2 of part 7 of Article 13 of the Law on Education is supplemented with a provision providing that, for the purposes of this law, persons registered in the prescribed procedure as individual entrepreneurs, notaries engaged in private practice, lawyers who have established law offices, and also other persons whose professional activity in accordance with federal laws is subject to state registration and (or) licensing
24.02.2023
THE KEY RATE IS KEPT AT 7.5% PER ANNUM
On February 10, 2023 the Bank of Russia took the decision to keep the key rate at 7.50% per annum.
According to the forecast of the Central Bank of the Russian Federation, annual inflation will be 5-7% this year and will return to 4% in 2024
23.02.2023
WALK-THROUGH PREMISES CAN BE PRIVATISED ONLY SUBJECT TO THE ESTABLISHMENT OF A PUBLIC SERVITUDE
The Law on privatisation has been supplemented with a provision stipulating that when privatising a state or municipal-owned premises, which is the only way of passage or access to other premises located in the building, the privatisation transaction must necessarily be accompanied by the establishment of a public easement to ensure passage.
This rule will not apply in cases where passage can be provided through rooms belonging to the common property of the building
22.02.2023
ON FEBRUARY 28, THE UNIFORM DEADLINE FOR PAYING CORPORATE PROPERTY TAXES FOR 2022 EXPIRES
From 2023, uniform deadlines for the payment of transport and land taxes, property tax, as well as advance payments on them have been established for legal entities.
So, for the tax period of 2022, these taxes must be paid no later than February 28, 2023. Advance payments on them during 2023 must be paid no later than the 28th day of the month following the expired reporting periods (first quarter, second quarter and third quarter of the calendar year)
21.02.2023
IT’S ROSKOMNADZOR’S PREROGATIVE TO CHECK CERTIFIED IT COMPANIES IN AN UNSCHEDULED MODE IN CASE OF DATA LEAKAGE
The moratorium on inspections of certified IT companies will no longer apply to unscheduled control and supervision activities with respect to such companies in the following cases:
- distribution on the Internet of databases (or parts thereof) containing personal data;
- such databases belong to a certified company;
- unscheduled measures are carried out by Roskomnadzor in accordance with a decision of Roskomnadzor as agreed upon with the Prosecutor's Office
20.02.2023
TRANSFER OF DONATED BLOOD OR ITS COMPONENTS TO PHARMACEUTICAL MANUFACTURERS: FROM MARCH 1, 2023, THE NEW RULES APPLY
From March 1, 2023, suppliers, in order to ensure the safety of donated blood and its components transferred to recipient organisations, should provided for traceability of data on the donor, blood samples etc. Recipient organisations ensure the traceability of donated blood units and (or) its components that form a series (batch) of a medicinal product and (or) a series (batch) of a medical device. Documentation and traceability data must be kept for at least 30 years from the date of receipt of an individual donation of donor plasma
17.02.2023
EXPORTERS PARTICIPATING IN DELIVERIES UNDER INTERGOVERNMENTAL CONTRACTS ARE EXEMPTED FROM THE MANDATORY SALE OF FOREIGN EXCHANGE EARNINGS
Russian exporters that supply goods from Russian suppliers abroad in pursuance of intergovernmental contracts are allowed to transfer foreign currency received from non-residents (net of expenses incurred) to suppliers' accounts opened with authorised banks without its obligatory sale.
However, transfer of funds in a currency another than specified in the supply agreement, without the obligatory sale of currency, is possible only with the prior consent of the supplier. If for the transfer it is necessary to convert a currency into another, the procedure and conditions for the conversion must also be agreed upon with the supplier.
16.02.2023
NEW STANDARDS HAVE BEEN INTRODUCED TO ENSURE THE INFORMATION SECURITY OF THE FINANCIAL SECTOR
From February 1, 2023, new state standards are in force, which can be followed by banks, non-credit financial institutions or processing centres to ensure information security.
Standards contain provisions for defining a risk management policy, measures for its identification, assessment and monitoring. They describe measures to reduce risk, respond to cyber incidents and restore infrastructure, rules for interaction with service providers in the area of information technology, conducting cyber training.
15.02.2023
UNSCHEDULED CHECKS OF OPERATORS ARE ALLOWED IN CASE OF LEAKAGE OF PERSONAL DATA
Another exception has been made to the moratorium on inspections introduced by the Government of the Russian Federation. In 2023, the Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications has the right to carry out unscheduled control measures in relation to operators if the fact of distribution (provision) of personal data bases (or parts thereof) on the Internet is established.
For accredited IT companies, unscheduled inspections on the same basis are allowed in 2023-2024.
14.02.2023
LICENSING OF ACTIVITIES FOR THE TECHNICAL PROTECTION OF CONFIDENTIAL INFORMATION: FORMS OF DOCUMENTS HAVE BEEN APPROVED
The Federal Service for Technical and Export Control approved the forms of documents used in the process of licensing activities for the technical protection of confidential information. These are statements about the issuance of a licence, about its termination, about making changes to the register of licences, about correcting technical errors in licences and about providing information about a specific licence.
13.02.2023
LIST OF PERSONS SUBJECT TO MANDATORY STATE GENOME RECORDS IS EXPANDED SIGNIFICANTLY
According to the mentioned amendments, the list of persons subject to mandatory state genome records is expanded.
From May 8, 2023, “persons convicted and serving sentences of imprisonment for committing crimes”, as well as “suspected and accused of committing crimes” are recognised as subjects to the state genome records, but from 2025, also persons subject to administrative arrest.
The Law provides for the right to demand the removal of genome information obtained as a result of state genome records, if the right to rehabilitation arises or if a decision on the case of an administrative offence is cancelled.
10.02.2023
NATIONAL ACTION-FOR-WOMEN STRATEGY IS APPROVED
The Cabinet of Ministers approved the new National Action Strategies for Women for 2023-2030.
The key goals of the strategy are to increase the economic independence and political activity of Russian women, the prevention of women's social problems, and the preservation of the health of women of all ages.
It is supposed to solve the tasks set by creating women's interest in technical or technological specialties, involving women in the digital economy, developing remote forms of employment, creating conditions for women to receive professional education, and improving their skills in the area of economics, providing ample opportunities for employment, including high paying jobs.
09.02.2023
STARTING FROM THE TAX PERIOD FOR THE 1ST QUARTER OF 2023, THE VAT RETURN WILL CHANGE
Appendices to the Order of the Federal Tax Service on Endorsing the Form of a Tax Return for the Purposes of Value Added Tax, the Procedure for Completion Thereof, and Also the Format for Filing a Tax Return for the Purposes of Value Added Tax in Electronic Form have been amended.
08.02.2023
FEDERAL LABOUR AND EMPLOYMENT SERVICE PUBLISHED AN INSPECTION PLAN OF ‘HIGH-RISK’ EMPLOYERS
The plan of on-site inspections for the current year is posted on the official website of the Federal Labour and Employment Service.
It includes employers whose activities are classified as high risk; deadlines for inspections are determined.
07.02.2023
REPORTS TO THE EMPLOYMENT SERVICE TO BE FILED IN A NEW WAY: EXAMPLES OF FILLING IN NEW REPORTS ARE PREPARED
From January 1, 2023, new forms have been established for employers to submit information to employment service authorities, including, for example:
report on the decision to liquidate the organisation or terminate the activities of the individual entrepreneur, reduce the number or staff of employees of the organisation, and possible termination of employment contracts;
report on the organisation of remote work;
unpaid leave report;
information on created or allocated jobs for the employment of persons with disabilities and etc..
06.02.2023
EQUIPPING CITY BUSES AND TROLLEYBUSES WITH TACHOGRAPHS WILL BE DELAYED FOR ANOTHER YEAR
It is likely that the requirement to equip vehicles of categories M2 and M3 with tachographs that carry out regular transportation of passengers in urban traffic will not be valid until March 1, 2025, and not until March 1, 2024.
03.02.2023
LAW ON DIGITAL SIGNATURES: AMENDMENTS TO THE PROVISIONS ON THE FINANCIAL MARKET
On January 24, 2023, the Duma approved, in the first reading, amendments to the Law on Digital Signatures. Participants in the financial market will be allowed to delegate powers using digital signatures. The Certification Centre of the Central Bank will issue verification key certificates to all subjects of the national payment system, to persons and entities that provide services in the financial market, self-regulating organisations operating in the financial market and self-regulating organisations involved in providing services in the financial market.
02.02.2023
ASPECTS TO BE TAKEN INTO ACCOUNT WHEN EXPORTING FROM RUSSIA SEVERAL TYPES OF CURRENCY, SIMULTANEOUSLY WITH ROUBLES
The procedure for currency export from Russia is the following:
- export in an amount exceeding the equivalent of 10,000 US dollars (at the exchange rate as of the date of export) is temporarily prohibited;
- if the currency of different states is exported simultaneously, each currency should be converted into roubles, and then the total amount should be converted into US dollars;
- the export of roubles and cash in the equivalent of up to 10 thousand US dollars is not limited.
- if roubles are exported along with the foreign currency and the total amount of cash exceeds the equivalent of ten thousand US dollars, then the entire amount is subject to declaring.
01.02.2023
THE MINISTRY OF LABOUR ADJUSTS THE QUOTAS FOR 2023 FOR ATTRACTING FOREIGN EMPLOYEES
It is planned to adjust distribution for 2023 among the regions of the quota for issuing to foreigners arriving in Russia on the basis of a visa, work permits, including by professional qualification groups, and invitations to enter for the purpose of performing labour activities. However, the quota reserve to be reduced.
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