How often do the banks check their clients for observance of cash office discipline?

The banks not less than once in two years check observance of the procedure of carrying out of cash transactions and operations with cash provided by the Bank of Russia. The checks are carried out by the bank with which the client has concluded the contract for cash service. In this regard periodicity of checks of the specific client is specified by banks independently.

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What term of validity does a labour permit to a highly qualified specialist have?

Labour permit to highly qualified specialist has an urgent character; it is given for the validity of the labour contract or civil law contract for performance of works (rendering of services) concluded with the employer invited him or contractor, but not more than for three years. The specified validity of labour permit can be repeatedly prolonged for the validity of the labour contract or civil law contract for performance of works (rendering of services), but not more than for three years for each such prolongation.

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Is it necessary to obtain quota for involvement of foreign highly qualified specialists?

A highly qualified specialist must draw an invitation for entry and labour permit to be involved into labour activity in the Russian Federation. In this regard the quota for issue of invitations for entry into the Russian Federation to foreign citizens for the purposes of carrying out of labour activity, and the quota for issue of labour permits to foreign citizens doesn’t include highly qualified specialists. ©Professional consultation of the “RosCo” company

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Who is considered to be a highly qualified specialist?

A highly qualified specialist is considered to be a foreign citizen having work experience, skills and achievements in the specific activity, in case the terms of his employment in the Russian Federation are expected to include obtaining of the salary (remuneration) in the amount of two or more million rubles for the period not exceeding one year.

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What is the rate of Personal Income Tax calculated of the salary of a foreign employee?

Quite often there is a situation in practice when at the moment of foreigner’s employment and later at the dates of payment of income to him, he didn’t have tax resident status and so Personal Income Tax was withheld at the rate of 30%. Further within the year the foreign employee got tax resident status of the Russian Federation. Personal Income Tax calculated and withheld of the income of the foreign employee at the rate of 30% must be recalculated at the rate of 13% therefore.

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Is the income obtained by a foreigner within the territory of the Russia Federation subject for taxation?

The foreign citizens are considered to be payers of Personal Income Tax. In accordance with the general rule the Personal Income Tax – (tax on income of the resident of the Russian Federation) is calculated and paid according to the tax rate equal to 13%. The tax rate in relation to all income obtained by individual persons – non-residents of the Russian Federation is determined at the rate of 30%. The exclusion can be income obtained as dividends of the share participation in the activity of Russian organizations in relation to which the tax rate is determined at the rate of 15%, unless otherwise specified by international contracts. Tax residents for the purposes of calculation and payment of Personal Income Tax are considered to be individual persons actually staying in the Russian Federation not less than 183 calendar days within 12 further running months. The period of staying of the individual person in the Russian Federation is not broken off for the periods of his departure

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