In 2018 new amendments in Russian currency legislation come into legal force and will significantly influence the procedure of cooperation of Russian currency residents with banks in the field of foreign trade activity.
Document: Federal Law dated 08.08.2001 N 129-FZ (as amended on 29.07.2017) “On State Registration of Legal Entities and Individual Entrepreneurs” (hereinafter – Law 129-FZ)
Amended by: Federal Law dated 28.12.2016 N 488-FZ (as amended on 29.07.2017) “On making amendments to particular statutory acts of the Russian Federation”
Effective date: September 1, 2017
Document: Russian Accounting Standard “Corporate Accounting Policy” (RAS 1/2008).
Amended by: Order #69n dated April 28, 2017 by the Ministry of Finance of Russia amending the Russian Accounting Standard “Corporate Accounting Policy” (RAS 1/2008).
Effective date: August 6, 2017.
The lower-level courts ruled against the interpretation of the supreme court.
New compliance requirements to enjoy the reduced withholding income tax rates in Russia: Beneficial ownership confirmation
Starting 1 January 2017 for application of the reduced withholding income tax rates envisaged by Double Tax Treaties (hereinafter – the “DTT”) the foreign recipient of income is obliged to provide the Russian payer of income the following documents:
The "Tomorrow’s Audit" Hackathon, a two-day event organised by Mazars end of June 2017, convened over 80 participants from different countries under the hashtag #hacktheaudit. Its goal was to create a vision of what the audit of the future may look like in order to truly address the needs of all stakeholders.
Mazars Russia informs you that in accordance with the Decree of the President of the Russian Federation dated 09 of May 2017 No 202, the rules of personal migration registration of foreign citizens coming to Russia have been temporary tightened.
On April 24, 2017, the Federal Treasury and the Federal Financial Monitoring Service of the Russian Federation held an interregional meeting dedicated to the applicability of the provisions of Federal Law 115-FZ of August 7, 2001 (on countering the legalization (laundering) of proceeds from crime and the financing of terrorism) to auditors and audit companies, and the forthcoming assessment of the Russian Federation in accordance with the New Requirements of the Financial Action Task Force on Money Laundering (FATF).
Since July 1, 2017 violations of personal data legislation will be described more detailed and precised, penalties for violation of personal data legislation will increase. Roskomnadzor will get broadened powers in bringing to liability for violation of personal data legislation.
To be completed.........