Practices
Industries

Overview of the Basic Principles of Fair Advertising Practices

23 December 2024

At the 26th session of the Advertising Coordinating Council under the ICAP the Basic Principles of Fair Practices for Bloggers in Advertising in the CIS countries (hereinafter referred to as the “Basic Principles”) were introduced. Basic Principles is an act for self-regulation. The main purpose of Basic Principles is to assist bloggers from CIS countries in complying with advertising legislation.

Should There Be Dividend Payouts? Amendments To the Rules for The Issuance of The Government Commission Permits Under “Countersanctions” Decrees Are Published

23 December 2024

On 16 December 2024, the Resolution of the Russian Government No. 1772 of 13.12.2024 (“Resolution No. 1772”) was officially published, containing amendments to the Rules for the Issuance of permits by the Government Commission for Control over Foreign Investments in the Russian Federation under “countersanctions” Presidential Decrees established by the Resolution of the Russian Government No. 295 of 06.03.2022 (“Rules”).

Lidings’ Counsel Natalya Thotahewage Took Part in Indian-Russian Business Dialogue Forum in Moscow

13 December 2024

On December 11, 2024, Moscow hosted XV Indian-Russian Business-Dialogue Forum. Organised by the Indian Business Alliance, the Business Council for Cooperation with India, the Moscow Government, and Roscongress, the event gathered together leading politicians, business leaders, and experts to discuss key economic issues and explore new opportunities for collaboration.

The List of Advertising Expenses That Cannot Be Deducted for Profits Tax Purposes Has Been Updated

05 December 2024

On 29 November 2024, Federal Law No. 416-FZ “On Amendments to Part Two of the Tax Code of the Russian Federation and Certain Legislative Acts of the Russian Federation” (hereinafter referred to as the “Law”) was officially published. The Law amends the Article 270 of the Tax Code of the Russian Federation (hereinafter referred to as the “Tax Code”) which determines the list of expenses that cannot be deducted for profits tax purposes.

The Federation Council Approved Laws Amending the Criminal Code of The Russian Federation and The Code of Administrative Offences of The Russian Federation and Toughening Liability for Violations of Law in The Area of Personal Data

02 December 2024

On November 27, 2024 the Federation Council approved laws amending the Criminal Code of the Russian Federation (hereinafter referred as the “Criminal Code”) and the Code of Administrative Offences of Russian Federation (hereinafter referred as the “Administrative Offences Code”) to and toughening liability for violations of law in the area of personal data (in accordance with the previously introduced Draft Laws: No. 502104-8 “On Amending the Code of Administrative Offences of the Russian Federation” and No. 502113-8 “On Amending the Criminal Code of the Russian Federation”).

More in our update.