Legal News

Emergency measures taken by government authorities in the face of the rapid spread of the novel coronavirus infection have had a tremendous impact on commercial activities.

Due to the fact that the spread of the COVID-19 infection has a significant impact on small and medium-sized businesses, the federal authorities have taken a number of measures to support entrepreneurship during the period of self-isolation.

In order to strengthen administrative and criminal liability, a number of articles of the Code of Administrative Offences of the Russian Federation and the Criminal Code of the Russian Federation have been amended with regard to violation of established rules in the field of ensuring sanitary and epidemiological welfare of the public.

Starting January 1, 2021, income from bank deposits exceeding 1 million rubles will be taxed at a rate of 13 percent.

Since December 2, 2019, it has become easier and more convenient to deposit money into foreign currency accounts.

The Ministry of Finance of the Russian Federation has submitted a draft to the State Duma of the Russian Federation, which proposes to reduce the minimum period of stay of individuals in the Russian Federation for their recognition as tax residents.

From June 1, 2019, the third amnesty of capital takes effect in Russia (the “Amnesty 3.0”).

One of the most sensational and discussed news in 2019 was an initiative called “Isolation of the Russian Internet”, or “Runet Protection Law”.

On July 9, 2019, the Plenum of the Supreme Court of the Russian Federation adopted a resolution in which it explained the particularities of applying the rules of private international law. The resolution summarises the judicial practice of considering various categories of cross-border disputes over the past few decades.

How to maintain a family business, consider the interests of all parties involved and reach lifetime arrangements with business partners? To achieve these goals, you can use new inheritance law tools introduced to the Russian law.