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Saint-Petersburg

STP: new settlement procedure from 2023

Starting from January 1, 2023, organizations will switch to a new procedure for calculating taxes, insurance premiums and other mandatory payments in the form of a unified tax payment. These changes will affect any company regardless of the applicable taxation system. We have prepared a material in which we told how companies correctly follow the ...

The right to grant loans to foreign persons until the end of 2022

The Sub-Commission of the Government Commission for the Control of Foreign Investments in the Russian Federation has extended the term for granting loans to foreign companies. Until December 31, 2022, residents – Russian companies can carry out foreign currency transactions associated with the provision of loans to foreign companies: if it is not a resident ...

Changes in the rights to purchase and sell shares in foreign companies

The President of the Russian Federation has signed a Decree that extends restrictions on transactions for the purchase of shares in foreign companies. According to the text of the Decree, until December 31, 2023, Russian companies are prohibited from paying shares in the authorized capital of a non-resident – foreign company without the permission of ...

Destruction of personal data: confirmation procedure

The Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications (abbreviated in Russian as “Roskomnadzor”) issued an Order confirming the destruction of personal data of individuals. Starting from March 1, 2023, personal data operators (hereinafter referred to as PD operators) are required to document the destruction of such data. The ...

Approval of the new minimum wage from 2023

The President of the Russian Federation signed a law establishing a new amount and procedure for calculating the subsistence minimum and minimum salary (minimum living wage) in 2023. According to the new methodology, starting from January 1, 2023, the federal minimum living wage will increase by 6,3% and will be 16,242 rubles. The calculation of ...