Companies operating in Russia, or looking to expand their business there, need to be aware of several accounting and tax regulatory changes which could impact their enterprise.
From 2018 the scope of the planned employment audits to be conducted by the Russian State Labour Authority (the "Authority") will be limited by standard checklists drafted by the Authority.
The method of transferring of funds free of charge, used by many foreign investors to finance their Russian subsidiaries, is again threatened by adverse tax consequences.