Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Fines for Delay and Failure to Submit Financial Statements will be Increased
23.12.2018 23:51
Fines for Delay and Failure to Submit Financial Statements will be Increased

The Ministry of Finance has prepared amendments to the Administrative Code, which provide for a sharp increase in fines for delay and failure to submit financial statements. The text of the bill has been published on the web portal of regulatory legal acts. Now the legislation does not stipulate fines for delays in reporting, there are fines only for the failure to provide information to state authorities – they range from 3 to 5 thousand roubles.

      The department considers the existing measures to be inefficient and proposes to raise penalties, as well as introduce new ones. For example, it is proposed to increase fines for companies that are required to submit audited accounts: a failure to submit will cost 500-700 thousand roubles, and the employee’s fine will make up from 100 to 200 thousand roubles. The fines for a delay will amount to 300-500 thousand roubles for a company and 80-100 thousand roubles for an employee.

      Find more about Russian laws and consult our attorneys.



Author: Anna Dorozhkina

Tags: Russian laws     

Next Previous

You might also find interesting:

The Russian Venture Capital Market Grew by Almost 50% in 2019
Moscow will Subsidize Art Galleries and Business in the Field of Education
Franchise Business in Russia Went Down
Half of Moscow Fitness Clubs may Go Bankrupt by the End of the Year
AnderSon Russian Cafe Network has Become a Partner of the AliExpress Platform

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Open-Air Concerts  Art Dolls  Transsib  protest actions  Russian regions  Russian visa  Astrophysics  Smolensk  FIFA Russia 2018  travel to Russia  Russian ballet  Chapiteau  Russian business  Tourist Information Portal  Far East  activity holidays  Svetlana Zakharova  Russian ice hockey  Slovyansk  Resources  Kirov Region  Exhibitions in Moscow  Jerusalem  Ukraine  Russian tourism  Olympics-2014  Hollywood Movies  Moscow  Russian telecom companies  Amur Region  Russian Finance Ministry  Yuri Albert  Eduard Nazarov  Ryazan  Russian holidays  The Kaluga Region  Lagan  Festivals in Moscow  Ust-Ilimsk  Russian Cinema  bus tickets Russia FIFA  migration in Russia  Justin Timberlake  George Garanian  Mercedes-Benz Fashion Week Russia  Russian Monuments  Tatarstan  Tretyakov Gallery  Cars  St. Petersburg 

Travel Blogs
Top Traveling Sites