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Alerts
08 June 2011
Procedure for raising electronic VAT invoices approved

Pepeliaev Group advises that on 25 May 2011, the Russian Ministry of Justice registered the Ministry of Finance’s Order No. 50-n dated 25 April 2011. This Order approves the Procedure for raising and receiving VAT invoices electronically...

Alerts
30 May 2011
Confiscation of owners only

Pepeliaev Group advises that on 25 April 2011 the Russian Constitution Court issued Resolution No. 6-P in case regarding the analysis for compliance with the Constitution of part 1 article 3.7 (confiscation of the instrument and target of...

Alerts
17 May 2011
New Licensing Law Adopted
Pepeliaev Group advises that on 4 May 2011 the President of the Russian Federation signed Federal Law No. 99-FZ “On licensing specific operations” that will replace the current licensing law.
Articles and comments
16 May 2011
When a property should be classified as fixed assets
Property tax is levied on property treated as fixed assets for accounting purposes. However, the Russian accounting regulations (PBU 6/01) do not specify when property should be classified as fixed assets.
Articles and comments
16 May 2011
Customs rules for telecommunications
Foreign trade and customs regulation has been completely reformed following the creation of the Customs Union (the “CU”) of Russia, Belarus and Kazakhstan.
Alerts
11 May 2011
On amending the Russian Code of Administrative Offences and the Federal Law ‘On Enforcement Proceedings’

Pepeliaev Group advises that 27 April 2011 saw the entry into force of Federal Law No. 71-FZ dated 21 April 2011 “On amending articles 17.15 and 31.9 of the Russian Code of Administrative Offences and article 21 of the Federal Law ‘On Enforcement...

Alerts
05 May 2011
Clarifications of issues concerning the application of administrative liability legislation

On 17 February 2011, the Plenum of the Russian Supreme Arbitration Court (the “SAC”) adopted its Resolution No. 11. This clarified issues concerning the application of a particular part of the Russian Code on Administrative Offences (the “CoAO”)...

Alerts
29 April 2011
Interest on a late refund of VAT is assessed disregarding the date on which the taxpayer applied for a refund of the tax in question
Pepeliaev Group advises that on 24 April 2011, the Russian Supreme Arbitration Court published on its official website Resolution No. 14233/10 of the Court’s Presidium dated 17 March 2011. The Resolution considered the issue of the pa...
Alerts
12 April 2011
8 April 2011 saw the entry into force of Federal Law No. 63-FZ “On electronic signatures” dated 6 April 2011
The Law governs relationships involving the use of electronic signatures in completing civil law transactions, rendering state and municipal services, and performing state and municipal functions as well as when other legally significant ac...
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