INTERNATIONAL RUSSIAN POLICY. AMNESTY FISCAL. PAYMENT OF SALARIES IN FOREIGN CURRENCY.

  Tax Amnesty Russian President Vladimir Putin has issued a set of laws on Monday to launch a second tax amnesty for capitals returning to the country. The new amnesty, which will enter into force on March 1 and will be in force until February 28, 2019, guarantees Russian citizens who accept it that they will not be persecuted by the State nor will they be asked about the origin of the capital. The law declares this amnesty as “the second stage” of another one that was in force between June 2015 and June 2016, and that was adopted in an attempt to recover fugitive capital from tax havens at a particularly hard time for the country’s economy. New law was approved that allows payment of salaries in foreign currencies Russian President Vladimir Putin signed a law authorizing the payment of wages in foreign currency to Russian citizens working in Russian companies abroad. The document is published on the official legal information portal. The bill was adopted by the State Duma and the Council of the Federation on January 24 and 31, respectively. Modifies article 131 of the Labor Code of the Russian Federation. It also applies to Russian citizens who are sent to serve abroad by the official departments of the country. “In order to eliminate conflicts in compliance with the regulations provided for in the Federal Law on the regulation of currency and currency control,” Article 131 of the Labor Code of the Russian Federation established the possibility of paying the wages in foreign currency in cases provided by the legislation of the Russian Federation on currency regulation and currency control “, – said in an explanatory note of the bill.