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Analytics and brochures

Alerts
14 June 2011
Part of VAT lawfully claimed for reimbursement must be returned by the tax authority irrespective of the other part of claim that was disputed

Pepeliaev Group advises: the Presidium of the Supreme Arbitration Court developed a legal position whereby the part of VAT that has been lawfully claimed back by the taxpayer shall be returned upon completion of the audit irrespective of ...

Alerts
14 June 2011
Amendments expected to currency control regulations and liability for currency infringements
Pepeliaev Group advises that, on 1 June 2011, the Russian Government introduced three draft laws in the Sate Duma which provide for amendments to the currency control procedure and also to liability for infringing legislation on currency re...
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”)...