Analytics and brochures

The official explanation of the Bank of Russia on the issue of the mandatory sale of foreign currency earnings has been published. It follows from the explanation that the fulfilment of obligations under export contracts in a way other than payment to an account with an authorised bank generally violates the requirement for mandatory sale.

Pepeliaev Group advises that the Government of Moscow has adopted  a set of measures to provide economic support to those who rent land plots and non-residential premises.

The purpose of the moratorium is to support citizens, individual entrepreneurs and companies which have found themselves in a difficult financial position after sanctions were imposed on Russia.

Pepeliaev Group advises that, according to the position of the Russian Federal Tax Service, the reorganisation of a legal entity as a result of which a standalone IT company is created cannot be considered by tax authorities to be a distortion of facts of economic life and qualify as the application of a tax evasion scheme.

*According to a Court’s ruling, Meta Platforms Inc. has been recognised as an extremist organisation and prohibited from doing business in Russia.

Pepeliaev Group advises that the Russian Government has extended by a month, until 28 April, the deadline for profit tax to be paid in advance. It was due to expire on 28 March.