Articles

We reviewed useful 1C HR reports for managers. Employee personal record cards, personal data, staffing changes, staff turnover rate, vacation balance, staff absence.

In this article, we have reviewed the payroll reports from 1C.

Google tax will apply from January 01, 2019 onwards to all e-services purchased from foreign companies.

State authorities have tightened control over compliance with labor laws. To minimize risks for your business, we suggest monitoring Russian laws which are regularly updated.

The VAT rate will increase from 18% to 20% from January 01, 2019. We discuss what needs to be done

The article discusses the documents for fire safety as well as health and safety that companies are required to have by law in Russia.

Introducing a trade secret regime in a company can help avoiding financial risks, in particular, unfair competition.

The Federal Law aims at improvement of migration legislation of the RF regarding introduction of obligatory documentary certification of the Russian language skills, knowledge of the Russian histor...

In our article we explain how corporate property tax can be decreased by challenging cadastral value of real estate.

The article outlines and explains the particularities of personal income tax for foreign employees in Russia.

We would like to remind you to prepare for an audit of financial statements 2018 and choose an audit organization

Questions about vacation and vacation pay accrual are often raised. We answer the most frequently asked questions about vacation and vacation pay in the article.

There are new amendments to the migration legislation in Russia that come into force from 08.07.2018

Currency control over loans to non-residents has been tightened since April 14, 2018.

According to Timo Matinpalo, now is the time to secure slices of the future Russian market. Withdrawing in panic because of the weak economy or geopolitical risks in Russia is a mistake.

What is the difference between IFRS and Russian Accounting Standards? How companies can bring these two reports together? The article answers these topics.

Timo Matinpalo, Accountor General Director, interviewed Pekka Viljakainen​, one the most famous Finnish investors and entrepreneurs in Russia, adviser to the president of Skolkovo Foundation. 

After Russia's accession to the international automatic exchange of information, new requirements for the provision of documents on Multinational Enterprise's Groups (MNE Groups) have appeared.

To apply Double Taxation Treaties, Russian companies have been required since 2017 to obtain from foreign recipients of income proof that such recipients have actual right to income

All companies in Russia must provide certain data to the Federal State Statistics Service (Rosstat) which compile them in consolidated reports on Russian economy and social life.

The articles discusses the specifics of taxation regulation and the most sensitive points connected to taxation for foreign investors in Russia

The article discusses possible ways to visit Russia without visa.

Russian anti-money laundering laws require all legal entities to keep records and disclose information about their beneficial owners.

Here there are answers to the most frequently asked questions on double taxation treaties in Russia.

State authorities have tightened control over the fulfilment of applicable labor laws and regulations, and this could entail greater risks for business.

We would like to remind you that the deadline for declaring personal income tax for 2017 is coming.

We would like to remind you that Russian law requires that limited liability companies and joint-stock companies hold annual general meetings of shareholders to approve their annual results

Have you ever done an internet search for "transfer pricing"? It is a rather dry and complicated subject, isn't it? Let's talk about transfer pricing in simple terms.

The article discusses differences between accounting and reporting standards that companies normally apply in Russia

There is a new law setting out requirements for provision of 3-level transfer pricing documentation and also introducing provisions on automatic exchange of information.

Review of cases when Russian subsidiaries required to withhold agent VAT upon payment of fees for services rendered to their parent company.

The article tells about practical issues that need to be taken into consideration when payroll function is audited

In our article we discuss how long legal documentation should be stored for tax purposes, including both accounting and payroll/ HR documentation.

Platforms for electronic workflow in Russia. How to use them? Which goverment agencies accept electronic documents?

Zero reporting is usually submitted if a company has no payable tax at the end of the tax period due to the absence of activities.

We answer the frequently asked questions about desk and field audits in Russia.

In the article we answer frequently asked the most questions about cash-flow planning in Russia.

Amendments to the law related to those who collect, process and store any personal data will enter into force on July 01, 2017.

Financial statements are currently prepared without considering most dangerous risks associated with exchange rate differences; this can result in inaccurate representations of the financial condition

Foreign citizens arriving in Russia during the championship have to register at the place of their stay within 3 days of their arrival

To obtain such state authorization, employers must submit a foreign national hiring application before employing any foreign nationals.

We would like to remind you that due to Federal Law No. 129 On Registration of Legal Entities and Individual Entrepreneurs organizations required to submit information about different actions.

Many legal and organizational issues need to be addressed to ensure the registration and operations of a company in Russia. We have described how Accountor can help with these tasks

In our article we tell about possible business structures in Russia and their advantages and disadvantages.

Payroll in Russia combines various business aspects related to labor, social security and income tax laws, as well as to the recent addition of personal data law.

Frequently asked questions about audit in Russia. Which companies are subject to mandatory audits? Voluntary audits versus mandatory audits

In our article we answer the most frequently asked questions about VAT in Russia

Many foreigners who own cars in Russia wonder whether they should pay vehicle tax. In our article we answer this and other questions related to vehicle tax.

In our article we answer FAQ about corporate income tax: who and how should pay profit tax in Russia, what are the current profit tax rates, etc.

In our article we answer main questions about tax penalties in Russia. What is the penalty if tax returns are filed too late or are inaccurate? What if companies underpay tax?

Foreign companies doing business in Russia wonder how the Federal Tax Service operates and how they can handle unscheduled tax inspections.

We answer the most common question about profits repatriation from Russia: "What is the most common way of repatriating profits from Russia?" "Are there any restrictions on dividend payments?"

Our tax experts can help you assess whether applying for the simplified tax system would be advantageous, as well as help with overall tax planning.

Companies and individuals may seek protection of intellectual property rights in Russia as provided by Russian law.

Our company has been providing work permit and visa support since 1992 so we do know all the critical details and peculiarities of the application process for work permits and visas for foreign nation

The Russian Ministry of Finance has drafted a bill intended to build a legal base for international automatic exchange of tax information and information on financial statements.

We compiled a list of required internal regulations and HR documents as prescribed under the Russian Labor Code.

We are often asked about the reasons for outsourcing accounting, payroll & HR administration functions in Russia for the subsidiaries of international companies.

From July 11, 2016 onwards new OKVED codes assigned as per the Russian Classification of Economic Activities will be used for state registration of legal entities and individual entrepreneurs.

In our article we explain what liability and risks owners and other persons participating in the management of LLC have

Our article addresses determination of social insurance contributions when their payer didn’t submit documents to support its main economic activity.

The article addresses law enforcement practice issues related to determination of reporting period for accrual of insurance contributions when an organization is restructured through transformation

We prepared a description of the procedure to apply for a permanent residence permit together with a list of the documents required for such application. The application procedure consists of 2 stages

We listed 7 most important things related to taxation that a foreigner should know when selling real estate property in Russia

We are happy to announce the publication of Accountor Guide: Travel and Business Expenses in Russian Accounting.

Our article addresses legal practice issues related to the determination of base for accrual of insurance contributions upon corporate restructuring.

To mitigate foreign currency fluctuation risk, legal entities can hedge their transactions.

The Bank of Russia has set up minimum requirements for voluntary medical insurance for foreign nationals coming to the Russian Federation to work.

We are frequently asked whether it is possible that companies in Russia have 2 directors. Our lawyers answered this question in an article.

We compare the types of legal entities/business forms that foreign companies can set up in Russia: LLC (OOO), brach, representative office.

We specialize in outsourcing of accounting services, and over the years, we have gained a broad experience in optimizing accounting processes

Cash flow plans allow companies to estimate the amount of funds available at any given time

When setting up a company in Russia, this raises a question about what options are available to finance an OOO (LLC) and what the benefits each brings. In our article we explain the basics

Trade levy is being introduced within the territory of Moscow on July 1, 2015.

The Ministry of Communications and Mass Media has made clear that Russian and foreign airlines, as well as ticket reservation and issuing agencies, do not fall within the scope of this new law.

In this article we share valuable information on how to dismiss an employee in Russia in accordance with the Labor Code.

Our audit expert dwells upon the topic "Audit in Russia", how they are conducted and why they are so useful.

Since 2015 net assets of commercial companies in Russia are under more intense control of the tax authorities.

Very important changes for payroll regulations in Russia come into force since 2016.

In order to help companies learn more about the whole process and be able to estimate possible time frames, we publish a liquidation plan for an LLC in Russia (OOO), which consists of 11 steps.

For many years traditional Russian accounting was based on “one company – one Chief Accountant” model, this issue provokes many questions. Here we answer whether a company needs a chief accountant

The concept of electronic accounting is rather new on the Russian market. We answer what is eDocuments and how to correctly use them.

By September 1, 2015 companies that process personal data must notify Roskomnadzor of this and provide information on the location of servers that contain personal data of Russian citizens

The deadline for declaring personal income tax for 2014 is coming. Foreigners who have derived incomes for the work in Russia have to make sure that they make their declaration in a timely manner.