Analytics and brochures

Pepeliaev Group advises that on 18 March 2018 a Federal Law (“Law No. 44”) came into effect allowing more options to employers for making payroll payments in foreign currency.

Pepeliaev Group advises of the exceptions that the Russian Government has introduced with respect to the rules governing companies disclosing information regarding their business activity.

On 6 March 2018 the Judicial Board for Economic Disputes of the Russian Supreme Court issued its Ruling in the case of SUEK-Kuzbass JSC. In this Ruling the Judicial Board has clarified the rules for applying a reduced tax rate under the Double Taxation Treaty with Cyprus to interest under controlled debt which was reclassified as dividends when the lender is not a shareholder of the borrower.

Pepeliaev Group advises that new statutory corporate rules have taken effect for companies wishing to join a syndicated credit (loan) agreement.

Pepeliaev Group advises that new rules for notaries’ practice have been adopted and should now be taken into consideration when turning to notaries for notarial procedures.

At the federal level, the industry-wide agreement has been adopted which sets additional obligations for and automatically extends to telecommunications and information technologies companies. To refuse to join the agreement, a well-grounded refusal should be filed with the Russian Ministry of Labour by 23 June 2018.