SCHNEIDER GROUP NEWS, MAY-JUNE 2021

03/06/2021

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

MEET US AT

Liability of the General Director in Russia – how to minimize the risks

June, 1st | 10:00 a.m. (GMT+3) | Saint Petersburg | German

General Director in Russia is liable for the company financial results, as well as for employees’ and corporate property safety. Risks associated with the role of General Director in Russia and ways to manage them will be the main focus of business-breakfast in our office in Saint Petersburg.

Roundtable: Chances for a common economic space from Lisbon to Vladivostok

June, 2nd | 6:30 p.m. (GMT+3) | Saint Petersburg | English

Take part in the open discussion on current chances for creation of a common economic space for EU and EAEU. Ulf Schneider, Chairman of the Board of the Lisbon-Vladivostok business initiative will present the current status and plans on harmonizing regulations in value-added tax, customs, transport and pharma market.

What’s going on in Belarus?

June, 4th, | 3:00 p.m. (GMT+3) | AKYAN hotel Saint Petersburg | German

What consequences the current worsening of political situation in Belarus can bring to foreign businesses? What are the risks and how to ensure business sustainability? SCHNEIDER GROUP Founder and President Ulf Schneider will share his personal experience on how the growing pressure influences the company office in Minsk. Let’s discuss how to survive the current crisis with minimal loss.

Unified IT system to manage distributor network

June, 8th | 11:00 a.m. (GMT+3) | online | Russian

Companies selling goods to customers via partner network often face the challenge of insufficient control over partner activities and overall manageability of network. Join our free webinar “Unified IT system to manage distributor network” and learn how to minimize dependency from distributors and take full control over partner sales results.

IT-market in Russia: trends and opportunities

June, 17th | 12:00 p.m. (GMT+3) | online | German-Russian with simultaneous translation

Join our online discussion to learn more about the Russian IT market, main market players and current trens, recent legislative developments, opportunities for German businesses and international cooperation. Representatives of Deutsche Telecom IT and ClearOps GmBH will share their practical experience on working in the IT industry in Russia.

SCHNEIDER GROUP NEWS

SCHNEIDER GROUP ranked 16 among the biggest consulting companies in Russia 

Russian rating agency RAEX ranked SCHNEIDER GROUP 16 among biggest consulting companies in Russia based on fiscal year 2020 results. The company is ranked 4 in financial, 7 in legal and 16 in IT consulting. Read more here. We would like to thank RAEX for their high appreciation of our everyday work and our customers for their ongoing trust in our services!

COUNTRY UPDATES

Resumption of the experiment of the Russian Ministry of Labor on using electronic labor documents 

The experiment allows switching to fully electronic processing of labor documents with employees, without paper duplicates. Another benefit of the experiment is that companies can save on issuing electronic signatures for employees. Documents signed by employees with non-qualified electronic signatures are considered legally-valid. Get in touch with our team to arrange fully paperless processing of HR docs in your Russian business entity.

Savings vs. risks. Increased thresholds for mandatory audit in Russia

What are the risks associated with the increase of thresholds for a company to be eligible for a mandatory audit in Russia? Find out in our article. Get in touch with SCHNEIDER GROUP Internal Control team to request an independent check of financial reporting for your Russian business entity.

Denouncing of Double Tax Treaty with the Netherlands 

Among the consequences of the denouncing – application of the Russian profit tax rates and increased tax burden in respect of passive income paid in favor of Dutch residents. Find out more in our article. SCHNEIDER GROUP tax team will help you evaluate the consequences of denouncing and work out optimal financial schemes for your business to minimize negative effects.

Clarifications of the Federal Tax Service on shareholder activities

The letter of the Russian Federal Tax Service provides definition of the shareholder activities, includes specific examples and defines key differentiating criteria between intragroup services and the performance of shareholder’s functions. Get details here.

Guidance of the Federal Tax Service on application of Article 54.1 of the Tax Codex of Russia

The Letter of the Federal Tax Service to the territorial tax authorities in Russia provides guidance concerning issues of countering tax avoidance and obtaining unjustified tax benefits. Check our article for details. Get in touch with SCHNEIDER GROUP tax team to analyze your financial transactions from the tax point of view, develop a draft internal taxpayer’s policy for checking counterparties and prepare drafts of “defense files”.

Changes in legal regulation of remote and home-based work

Find out about flexible working hours, remote work regime and how to legally-compliantly introduce specific work regimes in your business in Ukraine. Get in touch with our Kiev team for professional advice on each of the working regimes and to prepare necessary paperwork for their introduction.

Changes in the requirements to charters of limited and additional liability companies

Find out about current requirements to charters of limited and additional liability companies in our article. Get in touch with our Kiev team to amend your company charter according to the new requirements.

Tax services resume specific tax audits 

Find out what types of tax audits are resumed in our article. Get in touch with our Kiev team to evaluate if your company can be subject to renewed tax audits and for legal support during a current audit.

Request more information

    I agree with the personal data handling policy.
    Privacy Notice

    Newsletter sign up

    subscribe

    Subscribe to our newsletter to receive current news, our Industry Insight reports, invitations to our events, and more.