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.
On January 1, 2020, amendments to the Federal Law “On Currency Regulation and Currency Control” come into force.
On October 1, 2019, amendments to the Civil Procedure Code of the Russian Federation and the Commercial Procedure Code of the Russian Federation come into force, which will allow individuals and legal entities to collectively file lawsuits against one defendant.
The Firm has tackled a case of a client who failed to meet the deadline for filing a notice to tax authorities concerning the termination of participation in a foreign company, which brought the client to liability in the form a fine of 50.000 rubles due for payment to a tax inspectorate.
Contribution to property is one of the most effective tools of replenishing the company’s assets as it is not subject to income tax. From January 1, 2019, the Tax Code of the Russian Federation (NK RF) includes amendments in force that allow the shareholders (members) of a business company or partnership to perform a tax-free return of previously made financial contributions («Allowance»).