Law passed allowing financial institutions to participate in FATCA. Many Russian financial institutions longed to see the Law passed, especially after it was reported that an intergovernmental agreement between Russia and the USA would not be signed.
Federation Council adopts draft law obliging Russian citizens to notify authorities on possession or acquisition of foreign citizenship or residency permit.
The new law introduces amendments for improving state registration of legal entities and entrepreneurs.
Representative offices of foreign companies can start hiring highly qualified specialists as of 1 January 2015.
The new Law will regulate the relationships related to secondment of staff in Russia. The law was pending by the State Duma for over three years and its initial wording has been significantly amended.
In Russia, persons working in the Far Northern regions and equivalent locations are eligible for additional guarantees and compensations depending on the specific location where they fulfil their employment duties.
New changes to Federal Law will oblige foreign workers to confirm their knowledge of the Russian language and history, as well as the main features of Russian law.
The new Law concerns requalification of civil law contracts into employment contracts and the legal consequences arising when an unauthorised person allows the actual admittance to work.
According to the new law "On Special Assessment of Working Conditions" and the associated Law No. 421-FZ now instead of appraisal of working places employers must carry out assessment of working conditions.
The Russian State Duma has adopted a draft law amending regulations for branches and representative offices of foreign companies in Russia in its first reading.
On 18 December 2013, the Council of Federation of the Russian Federal Assembly approved a bill "On Amendments to Certain Russian Legislative Acts on Regulating Securitisation of Financial Assets ".
Russian Government has introduced in the State Duma a draft law stipulating the procedure for accreditation of branches and representative offices of foreign legal entities.
Resolution No. 57 of 30.07.2013 of the Russian Supreme Arbitrazh Court Plenum on issues in applying the general part of the Russian Tax Code was published on 27 August 2013.
As an update to Flash Report No. 16 (334) of April 2013, in this edition we cover clarifications published on the website of the Russian Central Election Commission (the “CEC”) on how to interpret Federal Law No. 79-FZ.
These amendments affect a specific category of foreign nationals working in Russia. This category includes foreign nationals assigned by foreign companies incorporated in member-states of the WTO.
In July 2013,the Russian President signed the two federal laws, which ammend tax legislation with respect to tax administration issues.
The State Duma adopted in the second reading Bill No. 149886-6 stipulating additional measures for preventing violations of the Russian law by foreign citizens and stateless persons.
Federal Law No. 134-FZ of 28 June 2013 became effective on 30 June 2013, thereby amending certain legislative instruments of the RF aiming at more effectively counteract illegal financial transactions.
On 13 June 2013, State Duma deputies from the Liberal Democratic Party of Russia (LDPR) introduced a bill. The proposed restrictions would apply to all offshore companies and offshore-controlled companies.
Bill No. 451173-5, which regulates relations pertaining to secondment, has passed the second reading. It introduces significant restrictions on secondment relationships. The changes will likely come into effect on 1 July 2014.
PwC Legal has issued a report on new clarifications regarding Russian residents' use of foreign bank accounts, as published on the website of Russia's Federal Service for Financial and Budgetary Oversight (Rosfinnadzor) on 16 April 2013.
All about tax disputes in Russia by Yana Proskurina
Civil Code Reform: Step Two
PwC Legal has issued a report on recent changes to the Russian Civil Code
As we reported in our November 2012 Legal Flash Report (No. 11 (71)), changes to the Russian Federation Code of Administrative Violations (Code), Part 1, Article 15.25
Last changes introduced to immigration legislation
On 5 April 2013, Russian President Vladimir Putin signed a new law that amends the Labour Code and other laws to provide a legal definition of the concept of “remote work”.
|PwC Russia is a Partner of the XXII Olympic Winter Games and XI Paralympic Winter Games to be held in the city of Sochi in 2014