News

The scope of a counterparty check should depend on the nature and scale of the transaction: a standard "due care pack" is not enough.

A company paid its drivers an allowance for the travelling nature of their work without withholding personal income tax or charging insurance contributions.

A question that often comes up in audit practice: does production equipment become real estate for property tax purposes if it is installed on a permanent foundation?

In Resolution No. 59-P dated 13 October 2026, the Constitutional Court of the Russian Federation confirmed that if a severance payment is provided for in the employment contract and does not contradict the law, the employer must pay it.

A common error in audit practice: an organisation recognises an inventory impairment allowance within expenses from ordinary activities but records its reversal within other income.

At the reporting date, an organisation was in breach of the covenants under a long-term loan agreement. The bank therefore has the right to demand early repayment of the entire loan.

Order No. 121n of the Ministry of Finance of Russia dated 20 August 2026 amended PBU 18/02 as regards recognising the remeasurement of deferred tax assets (DTAs) and deferred tax liabilities (DTLs) when the corporate income tax rate changes.

A reorganisation by accession does not mean that business activities cease, so the financial statements of the acceding organisation are prepared on a going concern basis.

The Federal Tax Service is stepping up its scrutiny of the use of closed-end unit investment funds (closed-end UIFs) for unlawful tax optimisation.

The Federal Tax Service has included in its review of court practice a case on the control of the residual value of fixed assets in calculating property tax.

Bill No. 1203640-8, awaiting the signature of the President of the Russian Federation, sets out a special procedure for calculating VAT under existing contracts where the tax law changed after the contract was concluded and the seller became liable to pay VAT.

Under FSBU 9/2025, revenue from the sale of real estate is recognised on the date control over the property passes, not on the date the transfer of title is registered.

Under FSBU 9/2025, recognising revenue by stage of completion becomes mandatory for all companies, not only for contractors under long-term construction contracts.

FSBU 10/2026 was approved by Order No. 53n of the Ministry of Finance of Russia dated 24 April 2026 and officially published on 2 July 2026.

A bill changing the income threshold for VAT exemption under the simplified tax system is being considered by the Federation Council.

FSBU 9/2025 introduces a new approach to measuring revenue from sales with payment deferred for more than 12 months.

In 2026, income is accounted for under PBU 9/99 unless the organisation has decided to apply FSBU 9/2025 early.

Buyers and suppliers often wrongly record bonuses for reaching a purchase volume as other income and expenses of the current period.

In Thematic Review No. 2/2026, the Supreme Court of the Russian Federation confirmed the right of the tax authorities to control the value of real estate acquired from related parties.

Federal Law No. 104-FZ dated 25 April 2026 amended the Tax Code of the Russian Federation, introducing certain VAT relief and transitional mechanisms for small and medium-sized businesses (SMEs) on the simplified tax system.