Review changes in legislation

Information bulletin for IV quarter 2018 (Russia)
Information bulletin
for IV quarter 2018 (Russia)
11.02.2019
Contents:
  • Additional payment of 2% VAT at your own expense, the Ministry of Finance has clarified consequences for profit tax, p. 9
  • The Federal Tax Service informed that since 1 January 2019 there will be enhanced the closed list of incomes which are not accounted within determination of tax base on profit tax of organisations, p. 11
  • In case of purchase since 1 January 2019 services in electronic form from foreign organisations no obligation of a tax agent arises, p. 15
  • A requirement on provision clarifications to a VAT tax return, the FTS specified what new codes of errors mean, p. 19
  • Since 1 January 2019 there’re effective changes, relating to payment of tax on property of organisations, p. 20
  • The FTS has clarified the procedure for the submission of a unified tax return (calculation) on property tax of organisations in 2018-2019, p. 23
  • The FTS has reminded on legislative changes since 1 January 2019 in the procedure of land plots taxation, p. 26
  • The FTS of Russia recalled its letter with recommendations on tax audits and instruction on tax returns cancellation, p. 35
  • The Ministry of Finance has reminded on changes in the procedure for submission by organisations of an obligatory copy of annual accounting reporting, p. 38
  • Basic changes on PIT in 2019, p. 50
  • Basic changes on insurance contributions in 2019, р. 55
  • HR Records Management, p. 63
  • Important legal changes, p. 68
  • Reference information, p. 81
  • Information on Quality Hotline, p. 83

Information bulletin for IV quarter 2018 (Kazakhstan)
Information bulletin
for IV quarter 2018 (Kazakhstan)
Content:
  • Significant changes in 2019, p. 3
  • Limiting values in the Tax Code shall be expressed in MCI (monthly calculation index) instead of MS (minimum salary), p. 3
  • The threshold values for the entities subject to social deductions have changed, p. 5
  • Freelancers who are concurrently engaged by several employers under employment contracts are not obliged to pay OPC, p. 5
  • Introduction of the new paragraph to the Tax Code related to adjustment of individual income, p. 6
  • Recovery of tax debts exceeding 1 MCI from individuals, p. 12
  • Significant changes have been introduced to the Labor Code, p. 13
  • Execution, storage, registration and use of documents in a company, p. 15
  • Law 'On ratification of the Agreement for the procedure of investigation of on-the-job accidents affecting citizens of the Eurasian Economic Community member-states', p. 16
  • The procedure for temporary disability examination, issue of temporary disability certificate and sick leave as in effect, p. 17
  • On monitoring of major tax payers, p. 19
  • Provisions related to horizontal monitoring procedure have been approved, p. 19
  • The new rules for preparing tax reports, p. 20
  • Electronic invoices and Virtual Warehouse Module, p. 20
  • Categorization of tax payers based on the level of risk pertaining to their business activity, p. 21
  • Single Total Payment (STP), p. 23
  • Changes in BCC, land tax rates and radio frequency spectrum fee, p. 24
  • Tax amnesty for small and medium business entities, p. 25
  • Specific aspects of refund of the excess VAT paid when using VAT control account, p. 25
  • Introduction of the Standard Accounting and Tax Records File for tax audit purposes from 01.01.2019, p. 26

  • Information bulletin for III quarter 2018 (Kazakhstan)
    Information bulletin
    for III quarter 2018 (Kazakhstan)
    Content:
  • Regarding amendments to some legislative acts of the Republic of Kazakhstan on Social Security Issues, p. 3
  • Reporting on civil law contracts, p. 4
  • No bank services are available to individuals who have taxes payable, p. 5
  • Return of the tax amounts paid by mistake, p. 6
  • Return from the budget of the income tax withheld from nonresident’s income, p. 7
  • Since 2019 a progressive PIT imposition scale is introduced for employee’s income not exceeding 25 monthly calculation index (MCI), p. 8
  • Significant changes are to be introduced to the Labor Code, p. 9
  • Minimal calculation indices have been determined for 2019, p. 12
  • Agreement on investigation of job-related injuries within EurAsEC, p. 12
  • Reduction of the list of works restricted for women, p. 13
  • Use of cash registers with fiscal data sending option, p. 13
  • Approval of interstate report form and international group participation statement form and the rules of filling thereof, p. 15
  • Introduction of the Venture Fund notion (amendments to the Tax Code and the Law on investment and venture funds), p. 17
  • Obligation to issue electronic invoices from 2019, p. 17

  • Information bulletin for III quarter 2018 (Russia)
    Information bulletin
    for III quarter 2018 (Russia)
    Contents:
    • We would recommend you to conclude an agreement with a tour operator for the accounting of leisure expenses of employees, p. 8
    • Financials reminded on peculiarities of calculation the ratio for allocation “input” VAT, p. 11
    • Since 1 January 2019 VAT rate will be 20%, p. 15
    • The Ministry of Finance has informed, how to save on property tax, p. 16
    • There were provided clarifications on the criteria for distinction of property types (movable or immovable) for the purposes of applying norms of chapter 30 Tax Code of the RF, p. 19
    • There were legislatively fixed changes in currency laws in the part of recognition a resident as fulfilled liability on repatriation of currency revenue, p. 20
    • Tax Code of the RF doesn’t specify transfer of a taxpayer to a common taxation regime on the ground of a message sent thereto by the tax body on non-compliance with requirements of UAT (STS) appliance, p. 23
    • New procedure of taxation of incomes from saving on interests for the use of borrowed (credit) funds shall as well apply to “old” agreements, p. 35
    • The FSS has approved basic indicators for the calculation of discounts and markups for 2019, p. 40
    • Retirement age has been increased, p. 43
    • There was changed the procedure for migration accounting of foreign citizens, working on the RF territory. 46
    • Important legal changes, p. 48

    Information bulletin for III quarter 2018 (Ukraine)
    Information bulletin
    for III quarter 2018 (Ukraine)

    Contents

    I. Accounting and taxation, p. 3
    II. Salary Calculation, p. 5
    III. HR Administration, p. 6
    IV. Changes in October 2018 & Perspective Legislation, p. 7



    Information bulletin for II quarter 2018 (Russia)
    Information bulletin
    for II quarter 2018 (Russia)

    Contents:

    • There was signed a law, enabling to account costs for employees leisure on the RF territory in the scope of profit expenses: p. 8
    • VAT: there was determined a list of primary goods: p. 11
    • Some positions of the Classification of Fixed Assets, included into depreciable groups, were specified in a new version: p. 16
    • Since 14 May control under currency transactions was tightened: p. 18
    • The FTS has approved a list of foreign states (territories) for the purposes of performing automated exchange by country reports: p. 21
    • There was adopted a law on improvement of new procedure for cash register equipment appliance: p. 22
    • Failure in the accounting program can be recognised as a “calculation error”: p. 39
    • There was changed the procedure of migration accounting of foreign citizens working on the RF territory: p. 40
    • New GOST on documents execution came into force since 1 July: p. 41
    • Important legal changes: p. 45

    Information bulletin for II quarter 2018 (Ukraine)
    Information bulletin
    for II quarter 2018 (Ukraine)
    31.07.2018
    I. Accounting and taxation, p. 3

    II. Payroll preparation, p. 4

    III. Human resources management, p. 6

    IV. Novelties of July 2018 and promising legislation, p. 7

    Information bulletin for II quarter 2018 (Kazakhstan)
    Information bulletin
    for II quarter 2018 (Kazakhstan)
    03.07.2018

    Changes and Clarifications in Laws: p. 3-22

    Including:


    • AMENDMENTS TO THE FOREIGN EXCHANGE REGULATIONS - 3
    • AMENDMENTS TO THE RULES OF SETTING OF THE OFFICIAL RATE OF THE NATIONAL CURRENCY OF THE RK - 4
    • AMENDMENTS TO THE PROPERTY TAX, LAND TAX AND VEHICLE TAX IN 2018 - 4
    • GROUNDS FOR RANDOM TAX INSPECTIONS - 6
    • TAXATION OF A CONTROLLED FOREIGN COMPANY (CFC) - 7
    • INTRODUCTION OF A THREE-TIER DOCUMENTATION ON TRANSFER PRICING - 7
    • NOTICE ON SUBSIDIARY RESPONSIBILITY FOR PREMEDIATED BANKRUPTCY - 8
    • CALCULATION OF TAXES IMPOSED ON COMPENSATION FOR UNUSED ANNUAL LEAVE IN 2018 - 9
    • REDUCTION OF THE BASE RATE TO 9% - 11
    • AMENDMENTS TO THE LABOR CODE AND THE EMPLOYMENT LAW - 12
    • AMENDMENT OF CERTAIN LEGISLATIVE INSTRUMENTS OF THE REPUBLIC OF KAZAKHSTAN - 13
    • THE NEW 2-T FORM (SALARY) WHICH IS TO BE SUBMITTED TO THE STATISTICS DEPARTMENT WAS INTRODUCED IN MAY 2018 - 14
    • MAJOR AMENDMENTS TO INTERNATIONAL TAX REGULATIONS - 15
    • FEE FOR THE PERMIT TO ENGAGE FOREIGN LABOR IN THE REPUBLIC OF KAZAKHSTAN - 16
    • MONITORING OF FOREIGN EXCHANGE OPERATIONS AND REDUCTION OF FOREIGN CURRENCY IN SETTLEMENTS ON THE TERRITORY OF THE REPUBLIC OF KAZAKHSTAN - 16
    • THE MINISTRY OF LABOR IS CONSIDERING THE ISSUE OF INCREASE OF THE MINIMUM SALARY - 17
    • REDUCTION OF TAXES FOR LOW-PAID EMPLOYEES IN KAZAKHSTAN FROM JANUARY 1, 2019 - 17
    • LABOR MIGRATION AND SOCIAL PROTECTION OF WORKERS OF THE EURASIAN ECONOMIC UNION - 18
    • THERE IS A PROVISION FOR IMPLEMENTATION OF A STANDARD AUDIT FILE FROM JANUARY 1, 2019- 19
    • THE PROCEDURE AND THE DEADLINES FOR NOTIFICATION OF TAXPAYERS OF CATEGORIZATION RESULTS - 20
    • COMMON DECLARING SHALL BE IMPLEMENTED FROM JANUARY 1, 2020 - 21


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