KPMG Russia

About
Office locations

In Russia KPMG now has offices in Moscow, Saint-Petersburg, Ekaterinburg, Kazan, Krasnoyarsk, Nizhny Novgorod, Novosibirsk, Perm and Rostov-on-Don. We also have offices in 6 CIS countries. In Russia and the CIS KPMG now employs together over 3,800 people.

KPMG CIS Transparency Report 2012

The KPMG CIS Transparency Report for the year ended 30 September 2012 allows clear articulation of the steps that we take to uphold our professional obligations and responsibilities and make sure our services are consistently of the very highest quality.
Topics
Global Audit Committee Survey

This survey captures the views of approximately 1,800 audit committee members in 21 countries on issues that create challenges for audit committees and indentifies international trends and provides data for specific countries (including Russia).
Industries
KPMG’s Global Automotive Executive Survey 2013

The report provides a comprehensive insight into the views and strategies of the main industry players and looks at the key issues such as environmental challenges, growing urbanization, changing customer behavior and others.

The Application of IFRS: Food, drink and consumer goods companies

We hope that this publication serves as a useful resource for both existing users of IFRS and FDCG companies seeking to understand the potential impact of adopting IFRS.
Services
- National Desks
Research
New Transfer Pricing Rules: one year later

KPMG has conducted a survey of the impact of the new transfer pricing rules adopted a year ago on the largest Russian and international companies in the oil and gas sector operating in Russia.

M&A in Russia 2012

The survey's findings prove 2012 to have been a strong year for Russian M&A.
Careers
Global Internship Program

Once-in-a-lifetime opportunity - 4 weeks internship at KPMG in the US at the start of your career!

Vacancies at KPMG

KPMG has career opportunities both for graduates and students, and also for experienced professionals.
Alumni
- Join Alumni Programme
- K-Community
Alumni Programme

Stay connected with KPMG and with your former colleagues. To keep you informed on KPMG news we publilsh K-Community quarterly on-line digest. We are also happy to hold annual Alumni meetings and offer our Alumni a broad range of career opportunities.

Alerts

Information on recent tax news and developments

Recent trends of transfer pricing rules in Russia

On April 5, 2013, the President of the Russian Federation signed the draft legislation containing a series of changes meant to be introduced in the legislation on the tax control of prices.

Information statement on the commencement of OTC financial transactions registration

On February 6, 2013, the official website of the FFMS of Russia released the National Settlement Depository Notice of intention stating that it intends to maintain the register of REPO, derivatives and material agreements.

Tax on bank deposits and other changes to the Cypriot tax legislation

Due to the economic situation in Cyprus, the Government of Cyprus has proposed to enact several measures in the near future to receive an emergency financial aid package from the European Union and the IMF.

Ukraine: overview of new transfer pricing rules

On 16 January 2013 the Ukrainian government approved the draft law “On amendments to the Tax Code of Ukraine with regard to transfer pricing”.

The remuneration of foreign employees – highly qualified specialists

The Supreme Court has amended the inconsistencies of some provisions of the Administrative Regulation to the Federal law “On the legal status of foreign citizens inside the Russian Federation” of the 25 July 2002, No. 115-F3

Knowledge of the Russian language is mandatory for receiving an “ordinary” work permit for the citizens of visa exempt countries, who are employed in the housing and community public infrastructure, retail and household services sectors

There are no plans to reduce significantly the quota for the issue of “ordinary” work permits for 2013

On 3 November 2012 the RF Government (Resolution No. 1137 of the RF Government dated 3 November 2012) approved the quota on the issue of work permits to foreign citizens for 2013 at 1,745,584 work permits for Russia

Transfer pricing: How to adjust actual profit when it is too high or too low?

What actions are needed in 2012? What are the risks for your company?

What does the change in the boundary between Moscow and Moscow Oblast mean for "ordinary" work permits?

Utilization fee: additional costs for business

On 22 August 2012 Russia will become the full member of WTO. From this date the new Customs Tariff of the Customs Union of Russia, Belarus and Kazakhstan, establishing the import duty rates, will enter into force.

The Cyprus new IP Regime

Cyprus evolving into a leading IP location

New Russian Transfer Pricing Rules

As you may already know, new transfer pricing rules were recently implemented in Russia. These rules significantly change existing transfer pricing legislation.

Russia’s accession to the WTO: prospective development

On 16 December 2011, at the eighth ministerial conference of the World Trade Organization (WTO) in Geneva, Russia signed a protocol on joining the WTO.

New Economic Measures and Changes in the Legislation in Cyprus

During December 2011 a second package of measures was enacted in the Cyprus Parliament and several changes in the legislation have been effected for 2012.

The ECHR's opinion on the YUKOS Affair

On 20 September 2011, the European Court of Human Rights (ECHR) finally pronounced judgment on the application lodged by YUKOS back on 23 April 2004.

VAT-invoices signed by facsimile

However, recently the Supreme Arbitration Court published Decision № 4134/11 of 27 September 2011, which significantly enhances the tax risk that VAT will be denied if VAT invoices are signed by facsimile.

Effects of Russia’s accession to the WTO

On 10 November 2011 the WTO’s working group approved a protocol that permits Russia to become a member of the WTO. The protocol also recommended that the ministerial conference, which is planned for 15-17 December, accept Russia as a WTO member.

In St. Petersburg on 18 October 2011, a treaty on free trade in the CIS was signed

On 11 August 2011, the Russian Federation approved a protocol that would amend the double-tax treaty between the Russian Federation and Luxembourg.

Protocol amending the double-tax treaty between the Russian Federation and Luxembourg

On 11 August 2011, the Russian Federation approved a protocol that would amend the double-tax treaty between the Russian Federation and Luxembourg. In accordance with Russian Federal law, the protocol now needs to be ratified.

Recent amendments to Cypriot legislation

Recently Cypriot legislation has undergone noticeable changes. We have provided a summary of them below.

On 25 September 2011 Russia and Switzerland signed a protocol to their double-tax treaty

Currently, the protocol has been signed but has not been ratified. Before it enters into force, the country-parties must complete a series of procedures at the national level. The most likely date for the protocol’s entrance into force is 1 January 2013.

On 19 June 2011 new securities regulations came into force that have an effect on share based incentive schemes in Russia

The long-awaited set of rules that regulate the circulation of non-Russian securities and securities designated for qualified investors went into force on 19 June 2011.

Final reading of the draft transfer pricing law: implications for our clients

Tax and Legal would like to inform you that the final reading of the draft transfer pricing law (Draft Law) by the Parliament of the Russian Federation took place on 8 July 2011.

A new and simplified procedure of obtaining work permits and work visas for French nationals came into effect on 1 March 2011

Pursuant to Federal Law # 393-FZ the agreement “On ratification of the agreement between the government of the Russian Federation and the government of the Republic of France regulating conditions of temporary employment for citizens.

Changes in the VAT law – Are you ready?

On 19 July 2011 Federal Law # 245-FZ was adopted. The law significantly changes the VAT rules and will have a substantial impact on companies’ VAT liabilities. We have already analyzed the changes and are happy to present them to you.

Contact

Elena Oralova

Editor

EOralova@kpmg.ru

+7 495 937 44 44 ext.12539

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KPMG International Cooperative ("KPMG International") is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-a-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.