Options and ways to go during the pandemic
No sector or industry of international business has been immune to the unfolding pandemic of Covid-19 so far. Parties involved in cross-border transactions, global entities...
PLANNED TAX TREATY CHANGES
On 25 March the President of the Russian Federation announced measures intended to increase the revenue received by the Ministry of Finance from payments of dividends and interest to foreign entities.
Personal data in the ERA of COVID-19
Coronavirus continues to make significant adjustments to our life.
Interaction patterns are rapidly changing resulting in new risks. We are on the verge of large changes in our personal data.
Moore ST would like to share with you an update on recent measures taken by the Russian government in response to the COVID-19 epidemics.
Here you can find detailed information about the Government aid program that aims to help mitigate the negative impact the epidemics has caused to Russian businesses.
We do care about you and your business.
From January 2020, significant changes in the currency legislation of the Russian Federation came into force. The rules for transactions with foreign accounts of residents permitted by the currency legislation have changed.
From now on, money can be credited without restrictions if the account is opened in banks in the EEU member states or foreign countries that carry out automatic exchange of information with Russia. This applies to dividends, interest on securities and other types of deductions.
Maria Volkova became an equity partner in Moore ST
Moore ST is delighted to announce that on 1 January 2020 Maria Volkova became an equity partner in the firm.
On 2 December 2019 the Russian President signed the Federal Law dated 02.12.2019 #405-FZ “On introducing amendments to certain legislative acts of the Russian Federation” (Federal Law “FZ #405”).
This law has introduced substantial changes to Russian personal data protection laws. Now companies may be fined in the amount between RUB 1 million to RUB 6 million for non-compliance with requirements of the Federal Law “On personal data” in respect of the data bases localisation requirements. For repeated violations of the above requirements fines may vary from RUB 6 million to RUB 18 million.
The maximum amount of sanctions for an individual are RUB 800 000.
By adoption of FZ #405 the Russian authorities have not just imposed harsher sanctions for non-compliance with data bases localisation requirements but they have also introduced a number of other special amendments that tighten up the responsibility for non-compliance with Russian laws on personal data protection.
For more details, please contact us.
On September 30, 2019, the President signed the draft Federal Law N 720839-7 “On Amendments to Parts One and Two of the Tax Code of the Russian Federation” (hereinafter - the Bill) that introduces a number of amendments to the Tax Code of the Russian Federation (hereinafter - the RTC or the Russian Tax Code).
We are delighted to inform you about major amendments to the Tax Code of the Russian Federation. Most amendments will come into force starting from 2020.
For any questions please do not hesitate to contact us. We will be happy to provide you with professional support.
The annual Moore ST Conference «Moving Forward Together» took place in Georgia from 9 to 13 September 2019. Directors, managers, auditors and partners of Moore Global network’s member companies of the Eurasian region as well as representatives of other audit firms that are considering partnership with Moore Global, were invited to participate in the Conference. Anton Colella, CEO of Moore Global, became a guest of honour at the Conference this year. He gave a presentation under the theme “The future of Moore Global network”.
MOORE: Helping you thrive in a changing world
From today, Moore Stephens Russia relaunches our brand to become «MOORE ST». This is part of a wider rebrand of the Moore Stephens global accountancy and consultancy network, of which Moore Stephens Russia is a member. The unveiling of a new logo, visual identity and brand positioning marks the continued evolution of an international network of more than 260 independent firms in 112 countries and a client-focused professional community of more than 30,000 people.
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