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Most awaited legal developments of 2021

27 January 2021

CMS Russia experts have prepared their annual selection of the most awaited legal developments in Russia in 2021.

You can read detailed articles and recommendations by our experts on the forthcoming changes and subscribe to our mailing lists to know what’s going on.

From 1 January 2021, tax-exempt financing options for Russian companies are expanding.

Read more in the CMS Russia alert Amended Russian tax system offers new opportunities for businesses
Amendments to the tax regime applicable to IT companies introduced as part of the tax manoeuvre come into force on 1 January 2021.

Read more in the CMS Russia alert Russia introduces tax manoeuvre for IT companies
From 1 January 2021, dividend and interest payments to companies located in Cyprus and Malta will be taxed under new rules.

Read more in the CMS Russia alerts:
Russia and Cyprus sign protocol amending double taxation treaty
Russia amends its DTT with Malta, some other double tax treaties are under review
The procedure for interaction with remote employees changed in January 2021. As a result, employers need to revise their HR documents and internal processes and bring them in line with the new requirements.

Read more in the CMS Russia alert Russia changes labour legislation on remote work
A new law comes into force on 1 July 2021 to significantly reform the procedure for exercising state control over business activities.
A traceability system for imported goods will be introduced in Russia from 1 July 2021.
The requirements for a minimum mandatory share of goods of Russian origin in public procurement come into force on 1 January 2021. 
Protection documents for industrial property objects are issued in electronic form from 17 January 2021.
The 2020 EAEU Treaty on Trademarks, Service Marks and Appellations of Origin is expected to come into force in 2021. A regional registration system will be established, provided the Treaty is ratified by the rest of the EAEU Member States (Russia ratified the Treaty in November 2020).
From February 2021, Russian citizens will be able to apply for a unified Eurasian patent for industrial designs, which will be valid in all the States party to the Protocol on the Protection of Industrial Designs to the 1994 Eurasian Patent Convention.
A new Regulation of the Bank of Russia “On the Disclosure of Information by Issuers of Issued Securities” comes into force in October 2021.

Read more in the CMS Russia alert Bank of Russia simplifies procedures for issuing securities and disclosing information
The threshold for income and assets to be taken into account for statutory audit is increasing from the beginning of 2021.
The Law on Regulatory Sandboxes comes into force on 28 January 2021.

Read more in the CMS Russia alert Russia introduces regulatory sandboxes for digital innovation
The Law on Digital Financial Assets and Digital Currency comes into force in January 2021. It is aimed at introducing a legal framework for the circulation of digital financial assets and digital currency in Russia.

Read more in the CMS Russia alert Legislation on circulation of digital financial assets and digital currency to come into force in early 2021
A law obliging electronics manufacturers to pre-install Russian software according to an approved list comes into force on 1 April 2021.
The partial cancellation of the foreign currency repatriation requirement for commodity contracts reaches its next stage on 1 January 2021.

Read more in the CMS Russia alert Russia to relax currency legislation starting 1 January 2021
Amendments to the Russian Town Planning Code come into force in 2021. Administrative barriers and deadlines for obtaining construction authorisations and approvals are reduced. Сhanges to the procedure for the integrated development of territories also come into force to optimise the process of demolishing hazardous and dilapidated dwellings at the initiative of the authorities.
New provisions of the Insolvency Law come into force in January 2021 to regulate the specifics of the participation of creditors under a syndicated loan agreement in a debtor’s bankruptcy case.
Mandatory labelling of light industry goods is introduced from 1 January 2021.
From 1 January 2021, new drugs are no longer registered under national rules. Instead, they will now be registered according to the EAEU rules.

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