Doing Business in Russia

Contents Doing Business in Russia 3 Special tax regimes Unified tax on imputed income Simplified taxation system 4 Unified agricultural tax 3333 34 General Comments on Transfer Pricing 35 CFC rules in Russia 37 Introduction to Russia Country snapshot Encouraging innovation and modernisation in the economy Interesting facts about Russia Living and working in Russia: Useful tips Starting a Business in Russia 4 4 66 80 Legal structures for starting a business in Russia 8 - Direct sales Distributorship contract Representative office or branch ― Russian subsidiary Foreign investment law Other business issues 12 12 of consumer products and 11 Regulations on the disposal packaging waste 39 39 Licensing requirements Personal taxation 41 -Land ownership Personal Income Tax Russian regions and Special Economic Zones 13 17 41 Other taxes payable by individuals 43 Company Law 15 Financial Reporting 44 Russian Accounting Principles 44 Labour Law 18 Labour regulations Employment conditions Work permits for foreign nationals Business Taxation Tax system overview Tax registration requirements - Value Added Tax - Profits tax - Social Security Contributions - Withholding income tax - Property tax 00 00 00 N Statutory reporting requirements 45 18 Audit requirements 46 18 Appendices 22 47 17 Appendix 1. 24 Chart of Withholding Tax Rates 47 47 22 24 Appendix 2. 24 Fines for tax and customs violations 52 Appendix 3. KPMG's Tax & Legal Department: Cutting Through Complexity 54 Glossary of terms 55 - Other taxes ©2016 KPMG. All rights reserved.

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