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    VAT in Russia

    By Yuriy Zarya, IT Project Manager and Thomas Titsch, Director ERP SCHNEIDER GROUP VAT and Profit tax return in SAP Russian legislation obligates companies to provide the VAT return in a specific format. As it undergoes frequent changes, it adds a lot of complexity to statutory filing in Russia. SAP provides its clients with preconfigured solutions for clear[…..]

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    Russian Accounting Aspects in ERP Implementations

    By Thomas Titsch, Director ERP SCHNEIDER GROUP Western companies should be aware of Russian accounting aspects when implementing ERP. In the last, the Russian understanding of enterprise planning was accountant driven and to some extent this remains. In order to understand Russian aspects in ERP implementations, you need to look at the aspects of the[…..]

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    IFRS Reporting from SAP & 1C in Russia

    By Oleg Galiulin, Senior SAP Expert and Yuriy Zarya, IT Project Manager SCHNEIDER GROUP Choosing an ERP System Currently, all international companies have to prepare their financial statements according to both International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP), and local reporting standards of the countries they work in. In addition, the[…..]

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    SAP Solutions for Sales and Logistics for Russia

    By Albina Safina, Senior SAP Expert SCHNEIDER GROUP SAP software solutions help companies to improve the efficiency of enterprises in Russia and to respond operatively to changes in the requirements of legislation in Russia. SAP rapidly develops procedures and documents required under the new regulations. The country version of SAP for Russia provides standard statutory print documents required for different business processes:[…..]

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    Legal Framework: What do Russia’s Sanctions Really Mean?

    By Helge Masannek In March 2014, the EU and the United States introduced sanctions against certain Russian and Ukrainian persons as a reaction toward Russia’s role in the Crimea crisis. European “Regulations concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine” included economic sanctions, asset freezes[…..]

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    Q&A: Certification and Import in the Russia – Kazakhstan – Belarus Customs Union

    1. I’m working with a Russian business partner who is a member of the Customs Union and they are asking me to sign extra documents. Why? From the perspective of your Russian partner, the tax code requires that completed works and services be evidenced by signed “acts” as these are the primary documents used to[…..]

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    Import of Goods Between Affiliate Companies in the Russia – Kazakhstan – Belarus Customs Union

    By Bettina Wisthaler While for imports between non-related companies, the invoice is usually sufficient as the main source for the calculation of the customs value. But for imports between affiliated companies, customs require additional confirmation of the value of goods. This is due to the fact that in the past, parent companies often tried to[…..]

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    VAT Procedures in the Customs Union

    By Paul Sprague Very often, cross-border transactions present obstacles for foreign companies due to cumbersome legislation, a lack of clarity on what should be done and how to account for the transaction in the accounting system. The following is some practical advice on how to navigate VAT transactions in the Customs Union.

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    Q&A: Electronic Document Interchange in Russia

    I don’t see other companies using EDI so why should I? Because EDI is a common back-office function, it is often not visible to the end-user but its usage is felt everywhere. Also, while EDI is rather new in Russia, companies are still learning about the possibility and many are not aware of the capabilities[…..]

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    Electronic Document Interchange Security in Russia

    By Alexey Kozlov and Dmitry Slinkov Following the global trend of digitalization, the Russian Federation enacted legislation that allows companies to carry out an electronic exchange of legally valid documents, such VAT invoices, goods acceptance protocols and service acceptance protocols. The banking industry has been a pioneer and key driver in the electronic document interchange,[…..]

Showing 10 of 109 articles