The Federal Tax Service of Russia has introduced a new format of the Qualified Electronic Signature (QES), mandatory for interaction with the Social Fund of Russia. Companies and individual entrepreneurs must obtain the updated certificate in advance to avoid issues…
The Federal Tax Service of the Russian Federation has issued an information letter reminding of the abolition of the electronic formats of the delivery note (form TORG-12) and the certificate of acceptance of works performed (of services rendered) from January…
Biggest Russian rating agency RAEX has published its annual ranking of companies in the field of accounting outsourcing for 2024. The annual ranking is based on annual revenues of companies and includes major market players. KBK Accounting has confirmed its…
On May 30, 2025, significant amendments to Russia’s Personal Data Law (Federal Law No. 152-FZ) will come into effect. Introduced by Federal Law No. 420-FZ dated November 30, 2024, the changes tighten regulatory oversight and drastically increase penalties for non-compliance….
By April 15, 2025, businesses must pay the environmental fee and submit reports for both 2023 and 2024 Starting in 2024, the procedure for calculating and paying the environmental fee has changed. Now, manufacturers and importers who do not recycle…
On Friday, January 31, 2025, the Accounting Working Group held a meeting organized by the Russian-German Chamber of Commerce. The meeting was held in a hybrid format, both in person at the company’s office and online via Zoom. Participants discussed…
Unlabeled advertising costs cannot be deducted for profit tax purposes starting 2025 The new law also applies to expenses on advertising on prohibited social networks As of January 1, 2025, amendments to the Russian Tax Code come into force, which…
The election took place on November 21, 2024. Ms. Olga Grigorieva remains the Head of the Working Group, a role she has successfully held for the past two years. The Working Group on Accounting primarily organizes professional events for the...
Changes in the tax system of the Russian Federation may come into force from 2025. They propose a five-stage personal income tax scale, an increase in corporate profit tax rate to 25% and the cancellation of the zero tax rate…
Starting January 1, 2024, new rules for accounting for intangible assets (IA) introduced by the Federal Accounting Standard (FAS) 14/2022 “Intangible Assets” become mandatory. The currently applicable Russian Accounting Regulation “Accounting for Intangible Assets” (“PBU 14/2007”) is canceled with the…
