Pepeliaev Group advises that, on 1 September 2022, Federal Law No. 430-FZ “On amending Part I of the Civil Code of the Russian Federation” dated 21 December 2021 (“Law No. 430-FZ”) came into force with respect to the legal regulation of immovable things.
Pepeliaev Group advises that in August 2022 the Russian Supreme Court issued a Ruling confirming the court practice of the lower courts in the area of shared construction that investors who are individuals are deprived of the benefits in the event of the developers’ bankruptcy when residential premises are acquired for investment purposes.
In the issue: the Russian Ministry of Digital Development, Communications and the Mass Media has published the results of online meetings with representatives of the IT industry regarding the law on amendments to the Russian Tax Code.
In August 2022 the Russian Supreme Court adopted a Ruling whereby the understatement of a price for a land plot evidences that a party to a civil law transaction is directly or indirectly aware that the purpose of the transaction is unlawful.
On 29 July 2022, a draft law was submitted to the State Duma for an experiment to be conducted by introducing remote trading in prescription medicines.
Starting from 25 July 2022, federal laws dated 14 July 2022 No. 272-FZ and No. 273-FZ came into force, which amend the public procurement rules, including in the sphere of pharmaceuticals and medical items if special state security measures are introduced.
On 14 July 2022, a law came into force that introduced new measures to stimulate the domestic information technology industry. In particular, the conditions for obtaining tax benefits have been simplified, and the corporate profit tax rate has been reduced to zero for 2022-2024.
From 2023 all tax obligations will be booked in the aggregate on a unified account. The procedure is changing for taxes to be paid, for overpayments to be reimbursed and for debts to be recovered.
Federal Law No. 343-FZ has been published that allows users of subsoil resources to extract minerals and valuable components from waste from the use of subsoil resources and to use such waste in different ways.
Starting from 5 August 2022, new requirements were introduced by Decree of the Russian President with regard to transactions in in the most important sectors of the Russian economy.
Amendments have been made to the legislation that impose a moratorium on the application of a number of antitrust prohibitions when procurement is carried out from a single supplier, change the threshold values for transactions to be agreed with the antitrust authority, improve the procedure for preferences and support to be provided to outdoor advertising operators.
The Russian President has signed a law allowing, from 1 January 2023, all taxes to be paid in a single payment; they will be reflected on a single account.
The economic sanctions imposed, together with other restrictive measures, have caused a surge in prices of many food items and socially important goods. Consequently, the number of applications from citizens to the Russian Federal Antimonopoly Service has increased, including at the level of the country’s regions. In order to identify violations in pricing and to counter the actions of bad-faith business entities in a more efficient and timely manner, amendments to antimonopoly legislation have been devised. Elena Sokolovskaya, Pepeliaev Group’s Partner
, considers in her article the proposed tool for pricing control.
The Federal Law has been adopted, which establishes the procedure for converting branches (representative offices) of foreign legal entities into limited liability companies.
Pepeliaev Group advises that, on 14 July 2022 a federal law was signed according to which information regarding individuals who own real estate will be provided to third parties only with the consent of the owner.
Pepeliaev Group advises that, on 24 July 2022, a Federal Law came to force that reduces fines for parties involved in foreign trade for unlawful foreign currency transactions and cancels fines for violations committed because of sanctions.
Pepeliaev Group advises that, on 14 July 2022, a law was published that determines the legal regime for secondary resources, secondary raw materials and industrial by-products.
Pepeliaev Group advises that on 14 July 2022 the Russian President signed the law providing for large-scale amendments to the Federal Law “On personal data”/
Pepeliaev Group advises that on 6 July 2022 the State Duma of the Federal Assembly of the Russian Federation adopted a Law that provides for a mechanism for the mandatory transformation of a branch (representative office) of a foreign company whose activity relates to using subsoil resources into a Russian limited liability company (an LLC), and for a mechanism limiting the rights of foreign investors having membership of a Russian company whose activity relates to using subsoil resources.
Pepeliaev Group advises that on 28 June 2022, two federal laws were adopted that amend the
Tax Code and Federal Law “On protecting and encouraging capital investments in
the Russian Federation” and that are aimed at improving the mechanism of