Analytics and brochures
Law firm Pepeliaev Group advises that, on 5 December 2018 the Supreme Court issued an overview of the practice of courts which considered cases relating to an employee’s financial liability (the “Overview”).
Pepeliaev Group advises that a draft law has been made available for public discussion. This draft law provides for the charge for a negative environmental impact to be replaced with an environmental tax, and for environmental and recycling fees to be replaced with a recycling fee, with the new payments being introduced into the Russian Tax Code.
Pepeliaev Group advises that, on 20 November 2018, the State Duma passed a law amending the Civil Procedure Code, Commercial (‘Arbitration’) Procedure Code, the Administrative Procedure Code and other legislative acts. The Law was initiated by the Supreme Court.
On 12 November 2018, Federal Law No. 420-FZ “On amending article 322.3 of the Criminal Code of the Russian Federation (the “Law”) was adopted. The amendments extend the definition of a sham registration of foreign nationals or stateless persons at the place of their stay in Russia not only to residential premises, but also to companies’ offices.
Legal firm Pepeliaev Group advises that the Central Bank of Cyprus has issued an additional circular letter regarding shell companies, containing more favourable explanations as to when a company is classified as a shell company.
Despite the literal wording of article 381(25) of the Russian Tax Code, movable property that was acquired from a related party can be exempted from taxation in certain cases, according to the Russian Supreme Court.
Pepeliaev Group advises that Federal Law “On international companies” (the “Law”) came into full force on 3 August 2018. The Law establishes a regime for foreign companies allowing them to change their personal law and obtain the status of international companies.