News

From 2020 Calculation of Payroll Taxes in Russia Will Change

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

Minimum Pay Condition in Russia Will Change From January 2020

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

Starting 2020 Employers Will Submit a New Report to the Pension Fund

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.

Russian Central Bank Reduced On Key Rate Reduce

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

VAT Rate Increased From the 1st of January 2019

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

NAIS – National Airport Infrastructure Show 2017

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

Minimum Pay Condition in Russia Will Change in July 2017

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.

Deflator Coefficients for 2017 Has Been Updated

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

Amendments to The Tax Code of Russian Federation in 2017

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.