Finance, Tax & Accounting

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• Russian

• 
  June 28, 2022 by Russia Briefing
  

  The United States Has Opened Up A Whole New Can Of Worms With Adjusting The Concept Of ‘Sovereign Default’

  US credibility concerning international rule of law will be increasingly scrutinized By Chris Devonshire-Ellis The arguments over US sanctions and Russia over whether or not the country has entered into a sovereign default on its loans are likely to hasten further mistrust in the global financial system. Russia is actually one of the least indebted[…..]
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  October 3, 2019 by Russia Briefing
  

  Russia’s SPFS Alternative Payment Network Enters International Markets

  International Transactions Commence For Alternatives To SWIFT Russia’s System For Transfer Of Financial Messages (SPFS) has gone global this week with the introduction of the system into banks in the Eurasian Economic Union. SPFS is an alternative to the US backed SWIFT network of financial transactions, which has been used in the past to cut[…..]
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  January 3, 2018 by Russia Briefing
  

  Russia Offers 18 Percent Discounted Tax Free Shopping for Foreign Visitors

  Russia’s 18 percent tax refund on items purchased in Russia (on the provision of a receipt) worth more than Rubles 10,000 (US$170) kicked in on January 1, 2018. The system is in force in the most popular tourist destinations, and will roll out across Russia from October 2018.
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  September 6, 2017 by Russia Briefing
  

  Understanding Russian Regional Tax Incentives

  Applying for tax exemptions and incentives in Russia should be part of the pre-investment strategy, as successful applications impact upon the overall business plan. Seeking professional advise to find out what incentives and tax breaks can positively impact your investment in Russia.
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  July 12, 2017 by Russia Briefing
  

  Russia & China Agree to US$10 Billion OBOR Fund

  Russia and China have agreed to establish a US$10 Billion Russia-China RMB Cooperation Fund following last week’s meetings between the two leaders in Moscow. The article discusses the latest move strengthening their bilateral partnership.
• April 21, 2017 by Russia Briefing
  

  2016 & 2017 Annual Audit Procedures in Russia

  By Dezan Shira & Associates Russia Desk Each legal entity or foreign company operating in international markets knows that effective management and correct financial administration are key to successful business operations. Audit is an independent inspection of bookkeeping and financial reporting aimed to provide a professional report on its accuracy. 
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  February 9, 2017 by Russia Briefing
  

  Russia’s 2017 Investment Trends & Opportunities Into Asia

  2016 has been a year of hard work and effort on behalf of Russia, beset by sanctions from the EU and US, and globally mired in bad press and media coverage. No matter what it does – from fighting Isis and terrorism in Syria to being accused of influencing the American election results, Russia is often[…..]
• February 6, 2017 by Russia Briefing
  

  China/Russia Trade Opportunities Under The Russia-Hong Kong Double Tax Agreement

  The Comprehensive Double Taxation Agreement (CDTA) between Hong Kong and Russia entered into force on 1st January this year in Russia, with Hong Kong following on 1st April this year. Signed at the beginning of 2016, the CDTA aims to provide greater certainty on taxing rights between Hong Kong and Russia, incentivizes foreign investment with[…..]
• January 30, 2017 by Russia Briefing
  

  2017 Changes To Russian Tax Code Affecting Foreign Investors

  Numerous amendments to the Russian Tax Code came into force on 1st January, mostly related to the issuance of Russian Federal Law 401.FZ dated 30th November last year, which introduced some new concepts and clarified the existing taxation rules. The most important changes that may have impact on foreign investors are outlined as follows: Third Party Tax Payment Permitted[…..]
• September 28, 2016 by Russia Briefing
  

  Moscow to lose 17 positions in the Global Financial Centres Index

  By Marina Romanova Tallinn, Riga and Almaty had drown ahead Moscow to emerge as current Eastern Europe and Central Asia top financial centers, according to the latest Global Financial Centres Index (GFCI) rankings released this Monday by London-based consultancy firm Z/Yen and Long Finance. The former capital city of the Republic of Kazakhstan scored 605[…..]