Country News

Instructions of the Federal Tax Service on the Application of the Provisions of Article 54.1 of the Tax Code of the Russian Federation

13.05.2021
The Federal Tax Service sent a letter dated 10.03.2021 N BV-4-7/3060@ to the territorial tax authorities, concerning, in particular, issues of countering tax avoidance and obtaining unjustified tax benefits.

Savings or risks: Raising thresholds for statutory audits

04.05.2021
From January 1, changes which increase the thresholds for assets and revenues for the assignment of a statutory audit came into force. Many companies that have not yet concluded an agreement with auditors have the opportunity not to conduct a statutory audit for 2020.

Non-working days in May 2021 – Decree of the President of the Russian Federation

28.04.2021
On April 23, 2021, the President of the RF, Vladimir Putin signed the Decree “On the establishment of non-working days in the territory of the Russian Federation in May 2021”, which announces the days from May 4 to May 7, 2021 non-working and paid.

How to apply anticoronvirus legislation in practice? We consider replies of the RF Supreme Court to the most important issues for the business community

23.04.2021
On 21 April 2020, the Presidium of the Supreme Court of the Russian Federation approved clarifications on issues related to the application of legislation and measures to counter the spread of COVID-19 in the Russian Federation.

“Digital residency” for foreign IT companies

19.04.2021
According to media reports, the Government of the Russian Federation is actively working on a draft bill aimed at creating a “digital residence” system for foreign IT companies. The adoption of the bill is scheduled for the end of 2021.
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