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 Turnover of SMEs Fell by More than 50% in April
Russian Tickets' Resale Platform Attracted $ 1 Million from Private Investors
The PwC Russia Accelerator is Looking for Technical Startups
Russian and China are Launching a Joint Scientific and Technology Innovation Fund
Russian Bloggers Account for 10 to 15 Billion Roubles of All Advertising Budgets of the Country Per Year

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Nadezhda Udaltsova  iPhone 5s  Russian Cinema  Katya Dobryakova  Exhibitions in Yekaterinburg  Navalny  the Don  Russian ballet  Multimedia Art Museum  Exhibitions in Moscow  Moscow actions  Festivals in Moscow  Mercedes-Benz Fashion Week Russia  Fashion Futurum  demonstration of the seven  Santiago Calatrava  Golden Fang  Vladimir Vernadsky  Russian oil  Jails  travel to Russia  Oleg Kononenko  Zenit St. Petersburg  Rostov  Exhibitions of St. Petersburg  Yudashkin  Sochi medals  Vladimir Spivakov  Kamchatka  VTB  Frantz Josef Land  Russian tourism  Russian business  Mikhail Prokhorov  Kaliningrad  Nature Reserves  Aircraft Designers  Russian regions  Russian Film Distribution  Smolensk Oblast  Film Festivals  Suzdal Museums  Eurasian Economic Space  St. Petersburg  odd news  Stavropol Territory  Kostroma  Russian Monuments  Moscow  Suzdal 

Travel Blogs
Top Traveling Sites