Country News

Since August 25, 2021, Russian law provides that the Russian notary who certifies the authenticity of the signature on the Russian application form for the establishment of a new LLC submits the documents electronically to the Russian tax authorities.

From 01.01.2022, a new federal accounting standard – FAS 27/2021 “Documents and document flow in accounting” – will come into force. Previously, there was no separate regulatory act to manage document flow.

On July 2, 2021, Federal Law No. 305-FZ was signed, introducing major amendments to the Tax Code of the Russian Federation (hereinafter — the “RTC”). Some of its provisions will already be applicable in 2021.

Law No. 99-Z dated 07.05.2021 “On Personal Data Protection” has been adopted in Belarus, which will significantly change the issues of personal data processing, enshrine new rights and obligations, mechanisms for protecting the rights of personal data subjects from 15.11.2021.

On 28.06.2021 Federal Law N 223-FZ “On Amendments to the Federal Law “On Currency Regulation and Currency Control” was adopted, which abolished most repatriation requirements. The law entered into force on 01.07.2021.