COVID-19: the timeframes for holding annual general meetings of JSCs AND LLCs; regulating matters concerning the value of JSCs’ and LLCs’ net assets based on the results of 2020

Pepeliaev Group advises about the changes to a number of legislative provisions to be adopted that stipulate the specifics of the regulation of corporate relationships of business companies in the situation of the COVID-19 pandemic.

The risks of missing the deadline for submitting ‘environmental’ reports in the context of the restrictions aimed at preventing the spread of Covid-19

Pepeliaev Group’s lawyers have analysed the difficulties that users of natural resources face when submitting environmental reports, as well as the risks in connection with the measures taken by the state which are aimed at preventing the spread of the coronavirus.

How dividend and interest income will be taxed when paid to Cyprus residents Pepeliaev Group advises that on 31 March 2020 the Russian Ministry of Finance sent Letter No. 03-08-06/25267 to the Cyprus Ministry of Finance through diplomatic channels. The Letter contains a draft of the Protocol to the Double Taxation Treaty that provides for a significant amendment of the taxation procedure with respect to dividend and interest income.

The deadline of the tax return campaign has been extended for individuals.

Pepeliaev Group advises that the tax return campaign for individuals has been extended for 3 months.

Questions and answers in real estate and construction

• May the current situation be regarded as force majeure and how can parties to a lease use their opportunities in practice?
• How to ensure safety and outline the rules of the game for those involved in the real estate market and for regulators? How are the landlord and tenant held liable if any adverse incidents are identified in office premises?
• What kind of lease agreement may protect tenants in future if business processes are changed?
• Which factors will ensure sustainable business in the area of commercial real estate for investors and developers?

A Federal Law has been adopted to adjust criminal liability for tax and currency crimes

Pepeliaev Group advises that the Russian President has signed Federal Law No. 73-FZ dated 1 April 2020 to amend the Russian Criminal Code concerning liability for tax and currency crimes.

Conditions for deferred payments under lease agreements for real estate

Pepeliaev Group informs you about the procedure and conditions for the granting of deferred payments of rent under lease agreements of real estate and in connection with the outbreak of the coronavirus infection.

Support for the economy: the Government is preparing measures

Covid-19: timeframes for disclosing consolidated financial statements in 2020; Internal auditing and the public regime of a public joint-stock company

Pepeliaev Group advises that amendments are pending adoption to a number of legal provisions regulating individual aspects of the activities of a public joint-stock company, and the procedure and timeframes for submitting and disclosing consolidated financial statements against the backdrop of the COVID-19 pandemic.

A number of amendments have been made to the provisions of the Code of Administrative Offences

In the context of the pandemic and different measures taken by the authorities, a number of amendments have been made to the provisions of the Code of Administrative Offences which significantly increase administrative sanctions for legal entities.

The Russian Government has approved new rules for maintaining the state information system supporting town-planning activities Pepeliaev Group advises that on 25 March 2020 the Government’s Resolution came into force establishing a procedure for maintaining information systems supporting town-planning activities (abbreviated in Russian as ISOGD), which contains town-planning information, documents and materials. The Resolution also defines the rules for providing such information, documents and materials to the entities involved in town-planning activities.

Covid-19: ‘Tax Superpowers’ of the Government, Personal Income Tax on income from deposits, and insurance contributions

Pepeliaev Group advises that, on 31 March 2020, the Russian State Duma adopted a Federal Law which lays down the first legislative tax measures aimed at supporting the economy against the backdrop of the coronavirus pandemic.