Doing Business in Russia slide image

Doing Business in Russia

Doing Business in Russia 21 each individual is recorded over his/her lifetime. This work book indicates the grounds for termination of employment contracts and records rewards and achievements at work, the work performed by an employee, transfers to another place of permanent work, etc. Every entry into the work book is attested by the signature of the authorised representative of the employer and by the employer's stamp. Employee Trial Periods Trial periods (typically up to a maximum of three months) are permitted to assess the suitability of employees for a position. Certain categories of employees are not subject to trial periods (e.g. pregnant women, minors, transferees). The trial period can be extended to six months for directors, deputy directors, chief accountants, deputy chief accountants and directors of branches, representative offices or other divisions. The trial period for an employee cannot exceed 3 months. Salary The Labour Code guarantees timely salary payments to employees as follows: The employer should pay salaries at least twice a month. If salary payment is delayed by more than 15 days, the employee has the right to notify the employer and stop working. If this happens, the employer is likely to be obligated by a court to reimburse the employee for each idle day with two- thirds of the average salary (calculated based on the actual salary accrued and the actual working time for the past 12 months). The employer must also pay interest on each day of delayed salary payment. The amount must be no less than 1/300th of the refinancing rate of the Bank of Russia. Administrative fines can be levied on employers (RUB 30,000 to RUB 50,000) and their responsible officials (RUB 1000 to RUB 5000) for delayed salary payments. In some cases, the employer's business activities can be suspended for up to 90 calendar days. If the responsible official has already been penalised for delayed salary payments, then they can be prohibited from holding executive positions for a period of 1 to 3 years. If salary payments are delayed for more than two months (three months in cases where partial delay of salary payment has occurred), criminal liability applies. The Criminal Code provides that if it can be proven that employees were paid less than half of the salary payable to them due to the personal motives of the general director, or due to actions motivated by self-interest, then the general director can be fined up to RUB 120,000, or fined by an amount equal to his/her wage or income from other sources for a period of up to one year. The general director may also be disqualified from occupying certain positions or engaging in certain activities for a period of up to one year, or the general director may be subject to a forced labour for a term of up to two years, or the general director may even be imprisoned for a term of up to one year. More stringent criminal liability applies if the salary payments are delayed in full for more than two months, or if salary is paid at an amount below the Federal minimum salary level (as of 1 July 2016, that level is RUB 7,500) for more than two months, or if the above mentioned violations caused severe consequences. Minimum statutory monthly salary The minimum statutory monthly salary is used to regulate wages, compensation and other payments made under labour legislation, and also to calculate taxes, levies, penalties and other payments. As of 1 July 2016, the Federal minimum statutory monthly salary is RUB 7,500. This minimum statutory monthly salary is used only to calculate labour remuneration and allowances covering temporary inability to work. Different levels of minimum salary may be established by regional local authorities in Russia, but these levels cannot be lower than the Federal minimum level. As of 1 November 2016 the minimum salary level for Moscow is RUB 17,300. ©2016 KPMG. All rights reserved.
View entire presentation