Finance / Legal alerts

Starting from October 1, 2016, companies subject to a statutory audit are obliged to enter information on the results of the statutory audit of accounting (financial) statements in the Unified Federal Register during 3 working days since the issuance of the auditor's report.
07 December, 2016 / Amendments to Labor Legislation
Recent amendments to the Russian Code of Administrative Offenses and the Russian Labor Code are now in force.
Starting from January 1, 2017, amendments to Federal Law No. 14-FZ “On limited liability companies“ of February 8, 1998 (hereinafter – the Law) concerning approval of major transactions and related party transactions enter into force. The main improvements are:
25 October, 2016 / Disclosure of Beneficial Owners
Starting from December 21, companies will be obliged to identify their beneficiaries, log and store documentarily information about them and update the information regularly (not less than once a year).
13 September, 2016 / Russian statutory audit for 2016
In accordance with legislation, audit reports are to be submitted to the Russian State Statics Committee by December 31 of the year following the reporting year. This means that for the financial year 2016, statutory audits should be completed by December 31, 2017 at the latest.
26 July, 2016 / No More Secrets
There is a train of thought that equates globalization with economic interdependency and therefore stability. Transparent and truthful information by and about market participants and their transactions is a key ingredient for this system to work.
Foreign economic activity during periods of intense exchange rate fluctuations poses significant financial risks. As such, the necessity of correct financial management is becoming a top priority in relation with the internal optimization...
23 May, 2016 / Capital Amnesty Law
According to Federal Law No.140-FZ “On the Voluntary Declaration of Assets and Bank Accounts / Deposits by Individuals and on Introducing Amendments to Various Legislative Acts of the Russian Federation” individuals are required to file a declaration by June 30, 2016.
According to Federal Law # 14-FZ “On Limited Liability Companies” a limited liability company shall annually conduct a General Meeting of the Company’s participants to approve the results of the Company’s activity for the past year.
Fines for failure to comply with provision of information to the Federal State Statistics service increase by nearly 15 x!
The general overview of the changes in the legislation of the Russian Federation coming into effect in 2016.
1 July 2015, the amendments to the Labor Code of the Russian Federation will come into effect, namely the article No. 65 ...
Starting with 01 January 2015 dividends will be subject to taxes at 13%. This rule will be applicable to all payments of dividends to tax residents...