Personal income tax rates in the majority of the CIS countries is governed by federal law and easy to calculate; in Russia and Belorussia, 13 percent, in Kazakhstan, 10 percent, in the Ukraine, 15-17 percent. However, despite the apparent simplicity, payroll in the CIS countries is not without its complexities.
Here we discuss common pitfalls and provide advice to employers for effective payroll management. Sub-topics include:
· Vacation Payments
· Income in Kind
· Salary Calculation and Confidentiality
· Payroll Processing Programs
· Work Shifts
· Work during Public Holidays
· Salary Confidentiality
· Internal Control
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Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Russia and Asia. These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about our practice, and our partner firm in Moscow and St.Petersburg, please contact us at email@example.com. Download our corporate brochure or visit at us www.dezshira.com.