The Ministry of Economic Development proposed to simplify the tax system

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This step was taken as part of the implementation of the Russian President's decree.

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Vladimir Putin has signed a Federal law that strengthens control over foreign investment in Russian companies from strategic industries.

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In order not to lose money on personal income tax in 2020, Russian citizens will only need to stay in Russia for 90 days or more.

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On July 22, the State Duma adopted bill No. 891654-7 in the third reading, which involves amendments to articles 12 and 19 of the Law "on currency regulation and currency control". The list of permitted currency transactions, as well as cases of non-expatriation of currency, will be expanded.

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Remote work will be included in the legislation.

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LLC will get the refusal in liquidation in case of violation of terms

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The authorities are preparing a revolution in the legislation on cash registers. They want to repeal the Federal Law №54 on the application of cash register equipment and transfer all the rules to the Tax Code. At the same time, the Tax Code will add sanctions and remove them from the Administrative Code.

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On July 13, 2020, the State Duma introduced amendments to the Tax Code

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Decree of the President of the Russian Federation No. 392 of 15.06.2020

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Starting with July 1, the rules for obtaining and using an electronic signature will change.

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Now it allows to pay 50 % of the administrative fine in most numbers of violations

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Amendments to the Russian Constitution have come into force on July 4, 2020

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On June 25, 2020, the Russian Government approved the Order № 1671-R, which amended the Order № 635-R dated March 16, 2020. The Order regulates some features of foreign citizens’ entry into the Russian Federation.

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VAT for import and sale of milk fat substitute containing products is announced to be 10% starting with July,1.

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By Federal Law No.102-FZ of 01.04.2020, obligatory insurance contributions are reduced from 01.04.2020 for small and midsized enterprises. 

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The period from April 4 to April 30 of 2020 is set as paid non-working days in Russia due to the COVID-19 situation.

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Russia temporary restricts entry of foreign citizens and stateless persons from March 18, 2020, until May 1, 2020 
As well, the Ministry of Internal Affairs of Russia suspends the acceptance of documents, registration, and issuance of invitations to enter the Russian Federation for education and labor activities for foreign citizens and stateless persons, as well as permissions to attract and use foreign employees and permits to work to the specified citizens, including permissions for Highly Qualified Specialists.

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The period from March 30 to April 3 of 2020 is announced by President of Russia as non-working days throughout Russia with the preservation of employee earnings.

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Information Notice of the Central Bank of the Russian Federation On Key Rate Reduce issued on 07.02.2020

Key rate of the Central Bank will be decreased from 10.02.2020

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The Federal Law No. 16-FZ of 06.02.2020  On Amendments to the Federal Law "On the Legal Status of Foreign Citizens in the Russian Federation" comes to force from 05.08.2020.

The Law simplifies the procedure for finding work in the Russian Federation for students of Russian professional and higher education institutions of foreign citizens and stateless persons.

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From 2021, companies are not obliged to submit declarations on transport and land taxes anymore.

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On January 1, 2020, an updated List of states and territories that do not provide tax information exchange with the Russian Federation, approved by Order of the Federal Tax Service of Russia No. MMV-7-17 / 511@ of 11.10.2019 On Approving the List of States (Territories), entered into force, that does not provide for the exchange of information for tax purposes with the Russian Federation, and on the recognition of the order of the Federal Tax Service of Russia dated 04.12.2018 No. MMV-7-17 / 786@ as invalid.

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In connection with the adoption of the Federal Law No. 478-fz of 27.12.2019, licenses for certain types of activities will be issued in electronic form from January 1, 2021.

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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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