Accounting in Russia

Updated on Monday 18th April 2016

Rate this article
5 5 1
based on 1 reviews


Accounting-in-Russia.jpgAccording to the Russian legislation, all companies incorporated here must register their daily accounting activities, by using specific documents and procedures specified under the Russian law. The fiscal and commercial law requires companies to submit their accounting documents once in a financial year, which corresponds to the calendar year. If you want to open a company in Russia, our company formation agents can present to you the legal requirements for accountancy procedures
 

Basic accounting documents in Russia 

 
The accountancy department of a company will always request for the original version of a document, which requires a signature and blue round stamp; documents sent through e-mail or fax are not taken into consideration as official acts. 
 
According to the accounting legislation, the invoice – called “Schyot”, which is issued for the payment of a certain service or product, is not registered in the accountancy documents; the reason is that this type of invoice is seen in Russia as an invitation of payment
 
The “Schyot Faktura” is an official document, stating the value added tax that has to be deducted from the total value of the invoice. The document, alongside with the certificate for services provided or delivered products, is registered in the business accounting. Our company formation agents can provide you with more information on the basic accounting documents
 

Personnel accounting in Russia 

 
Accountants hired after you set up your business activities in Russia will spend a large proportion of time registering documents related to the financial situation of your personnel. This is determined by the fact that, under the Russian employment law, all companies must pay their employees twice a month. When taking a holiday, the salary received by the employee in that time will be calculated according to the average income received in the last twelve months. 
 
The accounting department must register, for each employee, a table showing days in which the employee was on duty, the days of absence and illness; our company formation specialists can provide you with further details on this subject. 
 
If you need further information on the accounting documents in Russia, please contact our company formation agents, who can offer you more details accounting procedures
 

Comments

There are no comments

Comments & Requests


Please note that client queries should NOT be posted here but sent through our Contact page.

Meet us in Moscow

Call us now at +7(495)504-12-15 to set up an appointment with our lawyers in Moscow, Russia

As a BridgeWest client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Russia.

Online Incorporation

tax-calculator-russia

Tax Calculator

tax-calculator-russia

Testimonials

Francesco-Dagnino.jpg

BridgeWest takes great care of selecting its affiliates worldwide and Russia is no exception.

Francesco Dagnino, Partner of
Lexia Avvocati
www.LawyersItaly.eu

Read more testimonials

We Recommend ClientPedia

This website is marketed by ClientPedia

Banner-Promoting ClientPedia-244px.jpg