PROSECUTOR GENERAL’S OFFICE WILL INVESTIGATE COMPANIES THAT LEAVE THE RUSSIAN MARKET

PROSECUTOR GENERAL’S OFFICE WILL INVESTIGATE COMPANIES THAT LEAVE THE RUSSIAN MARKET

On 11/03/2022 the Office of the Prosecutor General of Russia has announced its intention to carry out a review of activity of companies that pull out of the Russian market. In particular, the supervisory authority plans to review the matters of protection of worker’s rights: discipline of performance of labor contracts by the employers and correctness of calculation and payment of salaries.

ABOLITION OF VAT ON OPERATIONS OF INDIVIDUALS WITH “INVESTMENT GOLD”

ABOLITION OF VAT ON OPERATIONS OF INDIVIDUALS WITH “INVESTMENT GOLD”

On 04/03/2022 amendments to sub-clause 9 of clause 3 of art. 149 of the Tax Code of the Russian Federation were published. According to these modifications, operations of sale of gold ingots by banks to individuals (physical persons) are relieved of the value added tax. Decision taken by the state is based on research and analytical materials, prepared by tax and financial law experts, including the professionals of "Linnikov & Partners".