On July 31, 2021, the Arbitrazh (Commercial) Court of Moscow passed a ruling on case No. А40-118073/19 on the invalidation of the decision of the Moscow Office of Russia’s Federal Tax Service adopted against Perekryostok Trading Company JSC as part of another on-site tax inspection.
Fines for “Corporate Bribes”
Liability for giving illegal remuneration on behalf of a legal entity is provided by article 19.28 of the Administrative Code (the “Administrative Code”).
Flightman + Priest’s legal practices are once again among the best in Russia according to The Kommersant Publishing House
The Kommersant Publishing House has published the results of the annual study, Leaders of the Legal Services market 2021.
Flightman + Priest Managing Partner Sergey Bogomolov among Recommended Lawyers of Pravo.ru-300 Rankings
The leading Russian law firm rankings Pravo.ru-300 has published a list of recommended lawyers in various fields of law.
F+P charitable projects: Marfa Orphanage
This year is not the first time that F+P has been providing financial support to the little ones in our country – those who have found themselves in trouble.
A New CFC Legislation: How Does It Work?
Starting from 2020, individual taxpayers will have the opportunity to switch to a tax regime that will allow them to pay a fixed amount of individual income tax from all controlled foreign companies in a single payment.
Flightman+Priest Once Again Proves to Be One of the Leading Law Firms in Russia
The annual law firm rankings Pravo.ru-300 announce their 2020 winners.
Individual Income Tax on Revenue Exceeding 5 Million Rubles: How Does It Work?
The law on taxation of income exceeding 5 million rubles takes effect on 01 January 2020.
Flightman+Priest Law Firm Partner Sergey Bogomolov Comments on the Hard-Hitting Dispute between the Ural Civil Aviation Plant and Yekaterinburg Customs for Interfax
F + P partner Sergey Bogomolov has commented for the Interfax news agency on the cassation decision of the Arbitration Court of the Ural Region.
Partner at Flightman+Priest Law Firm Sergey Bogomolov Comments on the Possible Purchase of TCS Group by Yandex for Forbes
Sergey Bogomolov, partner at F+P, commented on the possible transaction on Yandex’s acquisition of TCS Group (parent company of Tinkoff-Bank) for Forbes Russia.
Non-Judicial Personal Bankruptcy: A Procedure for Bad Debt Relief with Russian MFC
On 1 September 2020, Russian legislative bodies adopted a new procedure – non-judicial bad debt relief. The specific character of the procedure is that it does not imply legal action and the participation of a financial manager.
Foreign companies’ relocation from “unreliable” offshore zones to Russia
Foreign companies from so-called “unreliable” offshore zones will have the opportunity to move to special administrative regions in Russia on the Russky and Oktyabrsky islands.
From creditor to debtor: how a lawyer became a controlling person of a bankrupt and faced a multimillion lawsuit
Secondary liability for 23.8 million rubles is being imposed on Tatiana Votinova, a lawyer of an insolvent company, regarding a consumer cooperative bankruptcy case.
Appeal “Novels” in Arbitration Proceedings
“Summer Resolution”: Plenum of the Supreme Court Explains the Rules of Cassation in Administrative Proceedings
The “Summer” Resolution of the Plenum of the Supreme Court of the Russian Federation explains the specifics of considering cassation complaints in accordance with the rules of the Code of Administrative Proceedings.
Flightman and Priest Announces Its Partnership with Legium, a Leader in Electronic Document Management Optimisation.
Flightman and Priest Law Firm and Legium, a company that provides services for optimising electronic document management in the business sector, have entered into a partnership agreement.
Covid-19: Contractual Relations in the Face of the Pandemic
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.
Government Measures to Support Business in Russia Amid the COVID-19 Pandemic
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.
Tougher Administrative and Criminal Liability Amid the COVID-19 Pandemic
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.
Deposit interest tax
Starting January 1, 2021, income from bank deposits exceeding 1 million rubles will be taxed at a rate of 13 percent.
Flightman and Priest Among the Leaders of the Russian Legal Services Market, Kommersant Ranking Shows
The Kommersant Publishing House has published the results of the annual study, Leaders of the Legal Services Market 2020.
Flightman and Priest Law Firm Takes Part in the Hard-Hitting Case of Nikita Onishchenko
Lawyers of the Firm have taken part in a high-profile trial on the case of a Russian teenager Nikita Onishchenko, who was injured on holiday in Greece by an animator.
New opportunities for foreign exchange transactions in 2020
Since December 2, 2019, it has become easier and more convenient to deposit money into foreign currency accounts.
Recognition as a Tax Resident of the Russian Federation in 90 days
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.
Flightman and Priest Law Firm Strengthens Its Positions in the Russian Legal Services Market
In Moscow, the Pravo.ru-300 law firms annual rating has announced its winners.
Amnesty 3.0: Transfer of Foreign Companies to Russia
From June 1, 2019, the third amnesty of capital takes effect in Russia (the “Amnesty 3.0”).
Law on “Isolation of the Russian Internet”: Expectations and Reality
One of the most sensational and discussed news in 2019 was an initiative called “Isolation of the Russian Internet”, or “Runet Protection Law”.
Resolution of the Plenum of the Supreme Court of the Russian Federation on International Private Law: What Was It?
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.
New Opportunities for Inheritance Planning in Russia
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 the Liberalisation of Foreign Exchange Control Regarding Individuals
On January 1, 2020, amendments to the Federal Law “On Currency Regulation and Currency Control” come into force.
Collective Lawsuits in Russian Courts, Episode 1: A New Hope?
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.
Delay in Filing a Notice of Participation in a Foreign Company
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.
Capital Amnesty 3.0
At the end of May 2019, Russian President passed a law establishing the third capital amnesty from June 01, 2019 to February 29, 2020 (“Amnesty 3.0”). We have decided to answer the most frequently asked questions related to Amnesty 3.0.
Contribution to Property: A Tool of Tax-Free and Refundable Company Financing
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»).