Conference – New developments in the taxation of IT trade between Belarus and Russia

On September 10, 2020 Evgeniy Sumin and Lilia Belobrova took part in a conference on New Developments in the Taxation of IT Trade between Belarus and Russia.
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New forms for temporary residence permit and permanent en konsu

New forms for temporary residence permit and permanent residence permit

Decrees No. 407 dated June 08, 2020 and No. 417 dated June 11, 2020 issued by the Russian Ministry of Internal Affairs have approved new forms for temporary residence permit and permanent residence permit:

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KONSU client

YIT

About the company

YIT is the largest construction company in Finland and a major player in Northern Europe. The company specializes in developing and building apartments, business premises as well as major infrastructure.

YIT is present in 11 countries (Finland, Russia, Scandinavian and Baltic countries, the Czech Republic, Slovakia and Poland) and has been operating for more than 50 years in Russia where it is the largest foreign company in the residential construction sector. The group units operate in 7 regions: Moscow, Moscow Region, St. Petersburg, Yekaterinburg, Tyumen, Rostov-on-Don, and Kazan.

From September 01, 2018 Konsu provided YIT with payroll services for over 1,300 people they employ in Russia.

Management commentary

Timo Matinpalo, Konsu General Director, commented:

“It is great to further deepen the cooperation between two major Finnish companies, both very experienced and committed to staying in the Russian market. We are very pleased to see that businesses can experience the advantages of outsourcing, both when the market is booming but also during more challenging times. Drawing from over 25 years of presence in Russia, Konsu will take good care of YIT and, no doubt, make it another satisfied customer.”

Teemu Helppolainen, Head of Housing Russia, YIT also commented:

“Specific services outsourcing like payroll is a good way to be more efficient. Due to our strategy we implement smart ways of working in our daily activities and rely on professionals where it is applicable. We are glad to have Konsu as our business partner and feel confident about the smooth cooperation in future”.