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The Ministry of Finance clarified certain issues regarding the application of the Presidential Decree on the introduction of a permissive procedure for transactions with LLC shares

The Russian Ministry of Finance has published Official clarifications No. 1 relating to the implementation of Decree No. 618 dated 8 September 2022 as formalised in Letter No. 05-06-14RM/99138 dated 13. October 2022.

Overview of tax events for September 2022

In the issue: the Russian President has signed a law to ratify the Treaty between Russia and Belarus on harmonising customs legislation and cooperating in the customs area.

The digital package

The role of digital companies and platforms in the modern market economy has greatly increased. They began to occupy dominant positions, influence the real sector, which in turn increases the risks for competition. In order to reduce them, ...

Open questions on the implementation of parallel import: the case of the pharmaceutical industry

The issue of whether parallel import may be made legal in Russia has been discussed over the past several years. However, since the beginning of March the mere discussion has transformed into practical effort, i.e. the following regulations...

The procedure of issuing permissions for transactions (operations) with respect to membership interests in llcs involving non-residents from hostile states

The Russian Government has determined the procedure for the Government Commission on Monitoring Foreign Investment in the Russian Federation (the ‘Government Commission’) to issue permissions for transactions (operations) with respect to me...

Amendments to the List of goods (groups of goods) permitted for parallel import

Public discussions are being held of the draft amendments to the List of goods (groups of goods) to which the provisions do not apply of articles 1359(6) and 1487 of the Russian Civil Code, provided that these goods (groups of goods) are...

Restrictions have been introduced on transactions (operations) being completed in relation to membership interests in the charter capital of Russian LLCs

Starting from 8 September 2022, Decree No. 618 of the Russian President dated 8 September 2022 has established new requirements for completing transactions (operations) the subject matter of which are membership interests in the cha...

A simplified procedure for documenting the termination of activity of small and medium-sized companies may be introduced from 1 july 2023

The State Duma has adopted in the first reading a draft law that enables companies classified as small and medium-sized enterprises that meet a number of criteria to terminate their activity in accordance with a simplified procedure w...

Roskomnadzor has explained to operators the procedure for sending notifications about the processing of personal data and has published some forms of electronic notifications

Commonly abbreviated in Russian as “Roskomnadzor” or “RKN” has issued clarifications on the timeframes for operators to send notifications about the processing of personal data. The authority has also published electronic forms for...

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