Garant. Daily monitoring of the Federal legislation от 18 октября 2024

Garant. Daily monitoring of the Federal legislation at 18.10.2024

• Resolution of the Constitutional Court of the Russian Federation No. 47-P of October 17, 2024 In the case of verifying the constitutionality of Article 349 and Part 2 of Article 392 of the Labour Code of the Russian Federation, as well as Items 2, 4 and 10 of the Regulations on the specifics of the procedure for calculating average wages - The Constitutional Court has protected the right of military personnel to include regular bonuses in vacation pay calculations
  
   
• Order of the Pension and Social Insurance Fund of the Russian Federation No. 1581 of September 10, 2024 on amending Appendix No. 1 to Order of the Pension and Social Insurance Fund of the Russian Federation No. 1735 of September 18, 2023 - A new application form for funded pension assignment has been approved
  
   
• Order of the Federal Tax Service No. ED-7-11/739@ of September 13, 2024 on amending Appendices to Order of the Federal Tax Service No. ED-7-11/878@ of September 29, 2022 - The Federal Tax Service has updated the calculation of insurance premiums
  
   

Dear colleagues,

this Newsletter to be sent once a week on Fridays in order to keep you informed of the most significant legal developments in the Russian legislation and to assist you in navigating within the ever-increasing information traffic.

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News of the week 

One of the requirements for mandatory sale of foreign currency earnings by major exporters has been relaxed.

By April 30, 2025, the largest Russian exporters are obliged to:

• credit to their accounts in authorised banks a portion of the foreign currency received under foreign trade contracts concluded with non-residents and providing for the transfer of goods to non-residents, the performance of work for non-residents, the provision of services to non-residents, the transfer of information and intellectual property, including exclusive rights to them, to non-residents (the limit of currency subject to crediting has been reduced to 40% from July 21, 2024);
• sell part of this proceeds on the domestic currency market of the Russian Federation. Currently, this is 90% of the credited amount within a period not exceeding 14 days from the date of crediting, but in the amount of not less than 50% of the funds received under foreign trade agreements, within a period not exceeding 30 days from the date of receipt of the said funds.                             

! Documents' full texts are avaiable in the commercial version of the Garant database «Legislation of Russia in English». 

More helpful information

"GARANT. Comparison of document wordings" video - in this new video, we would like to come across with some helpful information on the extraordinary features of the GARANT's Legislation of Russia in English, ensuring the most convenient document management.