The Government of Russia established new limit values for social insurance contributions calculation for 2020. 

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From the 1st of January 2020 Minimum Pay Conditions it is set as 12 130 roubles per month.

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As part of the transition from the paper books for employment records to the electronic format, the Labor Code is supplemented by new Article 66’ - Employment Information. Employers will provide Employment Information to the Pension Fund electronically.

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The Bank of Russia decided to reduce the key rate from 6,50 % to 6,25 % starting on the 16th of December 2019. 

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Starting on the 1st of January 2019 VAT rate is changed from 18% to 20% 

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On the 8th and 9th of February 2017 in Crocus Expo exhibition center in Moscow National Airport Infrastructure Show 2017 (NAIS) will take place. 
 

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By the Federal Law N 460-FZ of 19.12.2016 it is set that minimum pay conditions will be 7 800 roubles per month from the 1st of July 2017.  

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By the Order of the Ministry of Economic Development of the Russian Federation No.698 of 03.11.2016 deflator coefficients for 2017

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Imporant news in the payroll legislation. Starting January 1, 2017 the Tax Code of the Russian Federation is supplemented by new Section XI and Chapter 34. 

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