SCHNEIDER GROUP NEWS, JULY-AUGUST 2021

06/08/2021

Welcome to the regular SCHNEIDER GROUP newsletter with the selection of news and most important regional updates for Russia & CIS in July-August 2021. Need additional information? Get in touch!

High-performance digital marking of consumer goods in Russia

September 9 th | 10:00 a.m. (GMT+3) | St. Petersburg

Test run of the digital marking for beer and biologically active additives in Russia ends on August, 31st. On September, 1st bottled water producers should start registration in the nation-wide track-n-trace system “Chestny ZNAK”. Join our business breakfast “Implementation of full-circle digital marking (L1-L5) solution” in St. Petersburg to learn more about:

  •  Requirements to full-circle marking solution for manufacturing, storage and sale
  • Integration of digital marking system with ERP, WMS and EDI systems
  • Marking vs. traceability

Don’t miss the chance to get clarifications from the representatives of CRPT, the operator of the “Chestny ZNAK” system!

SCHNEIDER GROUP NEWS

#1 in accounting outsourcing in Russia

Based on the 2020 results, SCHNEIDER GROUP took the first position among the companies, providing accounting outsourcing services in Russia. The ranking is comprised annually by the leading Russian ranking agency RAEX and includes all top players of the Russian accounting outsourcing market. Read more here. Want to focus on your core business? – Get in touch to outsource your daily accounting tasks to our team.

How well are internal control processes working in your company?

Internal control system in a company helps building efficient business-processes and procedures to mitigate risks and reach corporate business goals. Take our survey to get an independent assessment of internal control system in your company!

COUNTRY UPDATES

Abolition of most repatriation requirements for foreign trade contracts

Starting July, 1st 2021,  Russian residents for currency control purposes can accept payments from non-residents in foreign currency on their accounts in foreign banks or use other forms of obligations performance. Get in touch with SCHNEIDER GROUP Tax Team to check whether law changes are applicable to your foreign trade contracts, to understand the possible forms of obligations performance and to develop correct debt restructuring strategy for them if required.

“Digital residency” for foreign IT companies 

Starting January 1st, 2022, foreign IT companies with the daily audience of 500+ thousand users in Russia are obliged to register local legal entities or set up branches / representative offices. Is your company subject to the new “digital residency” requirement? – Get in touch! Our consultants will assist you in choosing the appropriate legal form, provide legal address and interim general director for you company, register your business entity and advise you on optimal tax schemes.

Law on taxation of electronic services has been adopted

Starting January, 1st 2022, international companies providing electronic services in Ukraine (subscription sales, access to copyright works, online resources, databases, online advertising services) will be subject to VAT. Get in touch with our team in Kyiv to evaluate if your business is subject to the new law and for professional consultancy on tax legislation in Ukraine.

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