Analytics and brochures

Pepeliaev Group hereby advises that there is a higher risk of claims on the part of Rosfinnadzor in respect of loans extended by residents to non-residents in cases where debtors fail to discharge their obligations in monetary form through the crediting of funds to the resident’s bank account at an authorised bank.

On 28 May 2010 the Russian President rejected amendments to article 54 of Federal Law No. 126-FZ “On Telecommunications” dated 7 July 2003.

Pepeliaev Group hereby informs that Federal Law No. 86-FZ “On Amendments to the Federal Law ‘On the Legal Status of Foreign Citizens in the Russian Federation’ and Specific Legislative Acts of the Russian Federation” was adopted on 19 May 2010. The Law introduces numerous amendments that enter into force from 1 July 2010, including a simplified procedure for employing certain categories of foreign professionals.

Pepeliaev Group advises that the Resolution of the Russian Supreme Court on the lawfulness of deducting VAT on VAT invoices containing inaccurate data and signed by unauthorised persons has been officially published.

Pepeliaev Group would like to draw your attention to clarifications of the Russian Ministry of Finance on including income in taxable profit in the form of the right to use a trade mark received for no consideration.

Pepeliaev Group advises that the minimum monthly wage in St. Petersburg has been raised by a trilateral agreement.