The UN recognized Moscow as the best metropolis in terms of quality of life and infrastructure.
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The Russian capital took the third place in terms of well-being, as stated by the rating of the UN program, which evaluates the quality of life in megapolises of the world (UN–HABITAT City Prosperity Index).
More than thirty cities are included in the UN welfare rating. Singapore is recognized as the best city to live in, Canadian Toronto is in second place, Moscow closes the top three.
The rating of cities includes several indicators: economics, infrastructure development, standard of living, ecology, municipal management.
The capital of Russia is recognized as the best megapolises in the world in terms of quality of life and infrastructure.
The quality of life in Moscow is growing every year, which is confirmed by world ratings.
Related: Open a llc company in Russia
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The Central Bank is taking measures to carefully regulate the securities market
New rules are being introduced on securities trading platforms – now violators may face criminal liability if violations are detected. The Moscow Exchange acted as an assistant to the Central Bank in regulating legal relations in the market. Most of the new sanctions that the authorities have developed against violators will affect price fluctuations…
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Compensation for lost income
The state has proposed new measures to compensate Russian investors for lost income. Now the refund will be made at the expense of funds of foreign companies in ruble Eurobonds to accounts of type “And”. Investors will be able to receive the equivalent of the previously lost income that was invested in foreign securities. First,…
The requirements for tax monitoring participants will be reduced
Tax monitoring allows companies to interact with the inspection body online. Tax inspectors have remote access to business documentation. Monitoring captured large taxpayers, but soon the requirements were reduced three times. Now not only large businesses can participate in monitoring, but also medium-sized ones. This will reduce the burden on government agencies during…
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New VAT report form for foreign companies
A new draft of the Federal Tax Service of Russia will come into force in September. Now there will be a special tax return for the VAT report for foreign companies that provide services in electronic form. All forms, rules and procedures for filling them out will be presented on the website of…
The return of foreign companies to Russia
In the next three to five years, many foreign companies will return to Russia or want to work with it. Now Russia offers different ways of working with foreign companies, but every year the potential will only grow. Several laws are already under development that will make it easier for foreign companies to interact with…
The Central Bank of the Russian Federation approved the forms of digital ruble account contracts and new penalties for credit institutions
There are forms of two contracts for opening and maintaining an account in digital rubles. One of the agreements of the Central Bank, which is the operator of the platform, is concluded with users (natural persons, legal entities or sole proprietors). The second agreement is concluded with participants (credit institutions). Also, the agreements now…
From Parent Company to Subsidiary, Optimizing Intercompany Fund Transfers
Contents: In the intricate landscape of corporate finance, the seamless transfer of money between a parent company and its subsidiary is a critical maneuver that demands strategic planning, precision, and a deep understanding of the intricacies involved. These intercompany fund transfers come in various forms and serve different purposes, but they all share a…
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The Central Bank will make it easier for foreigners to open bank accounts
The Parliament approved a draft law that changed the rules for opening accounts by foreigners in Russia. Amendments to the law allow Russian banks to identify foreign individuals and legal entities with the help of foreign banks. It is also allowed to open a bank account in the territory of the Russian Federation without…
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Foreigners and payment of personal income tax in 2023
As a general rule, the personal income tax rate is affected by the tax status of an individual (tax resident or non-resident), and not his citizenship. For foreigners, there are a number of nuances regarding the payment of personal income tax in 2023. As a general rule, the rate for residents is 13%…
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