Transfer pricing 2023-2024 | CFC 2024
Details
Date and time
17.04.2024
15:00-16:45 (MSK)
Admission
Free
Language
Russian
Platform
MS Teams
Speakers & Topics
Olga Mazina
Transfer pricing: current issues in 2023, review of changes in 2024
- Legislation for transactions 2023
- Tax control, powers of territorial tax authorities
- Documentation for International Groups of Companies
- Elimination of transfer pricing risks
- Review of changes 2024
Evgeniy Sumin
Controlled foreign companies: responsibilities of taxpayers in 2024
- Obligation to submit notification of CFC
- Documents that should be submitted along with CFC notification
- Exemption of CFC profits from taxation
- Obligation to pay tax on CFC profits
- Liability for violations in the field of CFC
- Impact of suspension of tax treaties
Transfer pricing: changes in legislation from 2024. Inclusion of dividends in the customs value of goods: legal and practical aspects
Contents
02:36 Transfer pricing: changes in 2024 – Olga Mazina
03:05 Criteria of interdependence of parties
04:51 Definition of controlled transactions
06:10 Transactions equated to transactions with interdependent parties
07:30 Transactions involving interdependent intermediaries
08:50 Transactions with offshore persons
11:54 Notification of controlled transactions
14:48 Transfer pricing documentation
24:14 Dividend tax
26:19 Checks
31:07 Penalties for non-payment of taxes
33:07 Penalties for failure to report
35:28 International groups of companies
39:01 Recommendations
43:00 Inclusion of dividends in the customs value of goods: legal and practical aspects – Maxim Dmitriev
44:37 Applicable provisions of the EAEU TC and court practice
56:16 Which companies are at risk
57:45 How customs inspections are conducted
1:10:02 How to influence the results of a customs audit
1:13:38 Appealing the decision of the customs authority
1:15:13 Recommendations
1:19:30 Answers to questions
1:20:58 What adverse consequences may arise for a company if it fails to submit objections to the customs audit report?
1:21:59 If dividends are paid to the 100% owner of the LLC to a foreign individual, should the dividends increase the customs value of the goods?
1:25:22 Is there a formula that increases the customs value? Different amounts of dividends can be paid in different years
1:27:12 If a company has losses but falls under the criteria?
1:27:40 If we do not pay dividends to an interdependent foreign person, can a customs inspection come to us?
1:28:25 Question about safe harbor for interest on debt obligations
Details
Date & Time
05.03.2024
15:00-16:45 (MSK)
Admission
Free
Language
Russian
Platform
MS Teams
Speakers & Topics
Olga Mazina
Transfer pricing: changes in legislation from 2024
- Controlled transactions
- Notification of controlled transactions
- Transfer pricing documentation
- Additional tax, tax on "dividends"
- Powers of controlling authorities
- Penalties
- International groups of companies
Maksim Dmitriev
Inclusion of dividends in the customs value of goods: legal and practical aspects
- Applicable provisions of the EEU TC and court practice
- Which companies are at risk?
- How is the customs audit conducted?
- How to influence the results of a customs audit?
- Appealing the decision of the customs authority
- Recommendations
Military registration in 2024 | EDM: HR processes without papers
Contents
02:11 Practicalities and difficulties in military registration in 2024
02:45 Regulatory and legal acts
03:50 Changes in fines and sanctions in the field of military registration
06:30 Who is subject to military registration. Categories of persons liable for military duty
11:52 Military registration for those residing abroad, employees of state-owned enterprises, part-time workers
15:56 Package of documentation for military registration
20:55 Practicalities and difficulties in registering for military service
31:55 EDM: HR processes without paperwork
32:13 HR trends
36:45 Benefits of digitalization of HR processes
39:21 Benefits of EDM
40:46 Benefits of HRM with EDS
42:07 EDM process flowchart example
43:51 EDM connection process – 3 months. 50 people.
46:32 What systems we implement: VLSI, 1C, HR-Link
48:45 Answers to questions
48:58 Does an employee have to register for military service when changing his/her place of residence within the region?
49:50 Does a 40 year old employee have to register for military service if he/she has a military enrollment certificate?
51:04 What EDM systems are popular on the Russian market?
Details
Date & Time
29.02.2024
15:00-16:30 MSK
Language
Russian
Admission
Free
Platform
MS Teams
Speakers & Topics
Ekaterina Matyushkova
- Head of the HR administration team
Practices and complexities of military registration in 2024
- Who is subject to military registration: categories of persons liable for military duty;
- Military registration for those residing abroad, independent contractors, part-time workers;
- Package of documentation for military registration;
- Practice and difficulties in military registration.
Natalia Zhakova
- Team leader, business systems development group
EDM: HR processes without papers
- HR Trends;
- Benefits of digitalization of HR processes;
- Tools of digitalization.
Quick migration from SAP to 1C
Contents
00:00 Getting started
01:35 What is happening in the ERP market now?
05:38 Why choose 1C?
10:21 Pros and cons of switching to 1C
11:50 What you need to do to switch to 1C
22:34 Case studies on migration to 1C
27:23 Answers to questions
27:37 Mapping for data migration – who is responsible for this task?
29:15 How many people from the company side are usually in the project team and what is their workload in the migration project?
Details
Date & Time
February 27, 15:00-16:00 (MSK)
Admission
Free
Language
Russian
Platform
MS Teams
Speakers and topics
Sergey Shabotinsky
Quick migration from SAP to 1C
- Why choose 1C?
- Pros and cons of switching
- Nuances of switching to 1C
Changes in Tax & Labor codes 2024 | Annual accounting & payroll closing & reports | Final payroll calculations & payments
Details
Date & Time
29.11.2023
15:00-16:30 MSK
Language
Russian
Admission
Free
Platform
MS Teams
Speakers & Topics
Maria Brychkova
- Payroll team leader
Payroll settlements with employees. Preparing for annual reporting on personal income tax and contributions. Major changes in the Labor Code of the Russian Federation and the Tax Code of the Russian Federation from 2024
Final payroll settlements with employees for 2023
- Settlements with employees in December. Work during New Year holidays
- Approval of vacation schedule for 2024
- Labor relations with mobilized employees and military registration
Preparation for annual reporting on personal income tax and contributions
- Social payments from December paychecks. Annual social payments for employees in December
- Reporting to Social Fund of Russia
- PIT
Major changes to the Labor Code and the Tax Code from 2024
- Contributions for traumatism. New procedure for confirming OKVED from 2024
- Unified tax account, personal income tax, insurance contributions
- Changes in labor relations with foreign workers
Anna Ivchenko
- Deputy director of the department of accounting services
Preparation for the annual accounts for 2023
- Practical aspects on application of FAS 25\2018 "Lease Accounting", FAS 6\2020 "Property, Plant and Equipment"
- Conducting an inventory as part of the 2023 annual closing, taking into account the new FAS 28\2023 "Inventory".
- Required procedures in 2023 related to the application of the new FAS 14\2022 "Intangible Assets" and 26\2020 "Capital Expenditures".
IT infrastructure in Kazakhstan | Cloud-based 1C administration and support
Details
Date & Time
November 28
- 15:00 - 16:00 (Almaty)
- 12:00 - 13:00 (MSK)
Admission
Free
Language
Russian
Platform
Zoom
Event orginizer
Speakers & Topics
Alexander Moskaltsov
Organization of IT infrastructure in Kazakhstan
Features of organizing local IT infrastructure in Kazakhstan
- IT solutions in the office
- Services, contractors – what should you pay attention to?
Cloud services. Where will we place the IT solution – in the cloud or at home?
- Cloud services market in Kazakhstan
- 1C solutions, placement options
Sergey Shabotinsky
Development and support of 1C in cloud services
Main features of using 1C products in Kazakhstan
- Main 1C products, their features and capabilities
- Organization of the IT landscape with the participation of 1C
- Customization for client’s business processes
- Examples of projects
Military records | Currency control
Contents
01:54 Introduction to military record-keeping in organizations. Changes in 2023
02:23 Regulatory acts on the basis of which military record-keeping is conducted
03:30 Fines for employers and employees for violations in the field of military record-keeping
06:06 Who are conscripts (draftees) and who is subject to military record-keeping
10:30 Military record-keeping for residents abroad (and those who leave for more than 6 months), individual entrepreneurs, and part-time employees
13:55 Types of military record-keeping: general and special
14:34 Documents for military record-keeping
company registration for military record-keeping
determination of the region for military record-keeping
25:10 Employer responsibilities – reporting to the draft board, maintaining records, and a plan for military record-keeping work
29:30 Recommendations for contracts with non-residents. Currency control
30:35 Settlements with non-residents for import and export contracts (goods, services)
32:30 Important elements of import and export contracts
34:00 Changes that need to be registered and added to Section 1 of the banking control statement
35:23 Recording deviations and the inability to fulfill obligations under import and export contracts
37:12 Loan agreement settlements
38:22 Recording deviations and the inability to fulfill obligations under loan agreements
39:30 Offsetting reciprocal claims in other ways
41:15 Settlements with non-residents not through the bank where the contract is registered
44:24 Answers to questions
45:20 Will the minimum conscription age change from 18 to 21?
46:07 If a female employee concealed her medical education during hiring (for example, she applied for a secretary position), should military record-keeping be conducted for her?
47:10 What fines will there be if the company does not register for military record-keeping?
47:56 Is it necessary to submit reports to the draft board if there are no draftees or conscripts in the company (is zero reporting required)?
49:10 Will the employer be responsible if the employee does not present a military specialty diploma? Does the employer have the right to refuse employment in case of refusal to provide such a diploma?
50:50 Is it necessary to register a separate division with the draft board, or can it be conducted for the parent company?
51:24 Is it mandatory for companies to register with the draft board?
52:00 What will happen if you do not register or maintain military record-keeping?
52:32 In what cases can the draft board conduct inspections?
54:35 Can notifications of hiring/firing/changes be submitted by mail?
54:55 Will the employer be held responsible if the employee does not provide information to the employer?
56:03 The organization has never reported on military record-keeping. Where to start and what needs to be done?
57:56 Our bank does not conduct transactions in euros. How to transfer money to a non-resident contractor?
58:56 Within what timeframe is it necessary to provide data on changes in the CEO for military record-keeping?
1:00:17 Are there limits on the remaining funds when transferring to non-resident contractors?
1:01:27 In what cases is it necessary to provide SV0 to the bank?
1:01:50 In what cases should SV2 be submitted to the bank?
1:02:35 Military record-keeping for employees permanently residing abroad. What to do with them?
1:04:25 There are no military record-keeping marks in the passport, and it does not provide any information. What should the employer do?
1:05:30 The woman’s passport has no marks, and no diploma is provided. What should the employer do?
1:06:30 The employee does not report changes in their status. What should the employer do?
1:07:44 Are the bank’s requirements for compliance with the 10 million per month threshold when settling legally valid?
1:08:09 Is it necessary to submit SV0 to all banks?
1:08:47 Citizen reservation database. If the company is listed, is it necessary to notify the change of CEO?
1:11:33 A power of attorney for military record-keeping – only for relatives or anyone?
1:12:07 If an employee is not of conscription age but has no marks in the passport, is it necessary for them to go to get the mark?
1:12:45 What to do if an employee conceals their education or the existence of military record-keeping documents?
1:14:00 An employee presents a passport with an empty 13th page. What should the employer do?
1:15:34 An employee not of conscription age refers to paragraph 3 of the military service law and refuses to have the mark in the passport about removal. What should be done?
1:16:58 If we have 20 female waitresses with no education, do we need to check each one for the presence of military specialty marks?
1:19:10 At what age does a man cease to be subject to conscription if he has never been on military record-keeping?
Question about military registration and reporting for company branches and rep. offices
Question: The Moscow City Administration has issued us a certificate stating that we are registered in the citizen reservation database, and the certificate is valid until November 1, 2024. However, an employee of the City Administration claims that we should re-submit the enterprise card when opening a separate division and register it with the administration when changing the general director. Is this true, and is it confirmed by legislative acts? In other words, if we open separate divisions every month during the validity of the registration certificate with the Administration, do we need to register each separate division there?
Answer: Regarding military accounting of separate divisions, there are no regulatory guidelines. It is not prohibited to conduct military accounting either by the regions where the separate divisions are located or by a single region where the main division is located. We recommend coordinating the issue of military accounting for separate divisions with your draft board and the City Administration, as there may be specific practices followed by specific draft boards/City Administrations.
If the separate division is not a legal entity, there is no need to separately register it for military accounting and submit an organization accounting card in Form 18. The military accounting for the separate division is the responsibility of the main enterprise.
Details
Date and time
October 26, 2023
15:00-16:30 MSK
Language
Russian
Admission
Free
Platform
MS Teams
Speakers and topics
Ekaterina Matyushkova
- Head of the HR administration team
Basic provisions and rules for maintaining military records of employees in organizations. Changes in 2023
- regulations
- fines, sanctions
- who is subject to military registration: categories of persons liable for military duty
- Military registration for those residing abroad, employees in employment, part-time workers
Organization of military record keeping in the company
- types of military registration
- documentation for maintaining military records
- employer responsibilities
Olga Babayan
- Team leader of the Accounting and Reporting Outsourcing Department
Recommendations on contracts with non-residents within the framework of currency control
- settlements with non-residents under import contracts
- settlements with non-residents under export contracts
- settlements under loan agreements
- set-off of counterclaims
- settlements with non-residents not through the bank of NOC registration
Migration requirements for starting a business in Kazakhstan and hiring personnel. Optimization of HRM processes, new EDM features
Details
Date and time
14.09.2023 11:00-12:30
Language
- Russian
Admission
Free
Platform
MS Teams
Speakers and topics
Karina Shamsutdinova
- Lawyer at Konsu
Migration requirements for starting business in Kazakhstan and hiring staff
- Migration requirements for company founders;
- HR recruitment: quotas and permits to attract foreign labor;
- HR recruitment: C3 visas and temporary residence permits for citizens of the EEU;
- Other immigration requirements.
Natalia Chernyakina
- Team leader, business systems development group
Optimization of HRM processes, new EDM features
- Optimization of HR document management processes.
- Benefits of EDM with employees;
- Introduction to EDM with employees in Kazakhstan.
Trading with Kazakhstan: practical aspects of import/export, currency control, document flow, and transactions with affiliated entities
Recording and presentations
Contents
00:00 Start
01:17 Interaction with non-resident legal entities in Kazakhstan
01:58 Import/export of goods: practical aspects
02:10 Import
04:54 Goods Accompanying Note (GAN)
06:54 Export
08:10 List of exemptions
10:48 Document flow with non-residents
11:05 Corporate income tax
11:40 Corporate income tax rates
14:35 Mandatory documents required for applying the Convention on Avoidance of Double Taxation (DTA)
16:34 Step-by-step instruction for obtaining residency certificates
20:16 Conditions for applying the convention and minimizing tax risks
21:55 Transactions with related parties
24:25 Currency control in Kazakhstan
25:30 Currency transactions between residents and non-residents. General provisions
31:02 Capital movement operations
33:13 Registration of currency contracts with the National Bank of the Republic of Kazakhstan
35:59 Reporting on capital movement for the National Bank of the Republic of Kazakhstan
37:02 Responsibility for violations of currency control
38:30 Import-export currency control
39:26 Requirement to obtain identification numbers
42:00 Repatriation of national currency
43:00 Responsibility for violations of repatriation rules
43:51 Identification numbers for accounts in foreign banks
45:13 Reporting by legal entities on accounts in foreign banks outside the Republic of Kazakhstan
45:44 Responsibility for violations related to notifications and reports on accounts in foreign banks
46:35 Combating the legalization of income obtained through criminal means. AML. Financial monitoring
53:50 Q&A
54:05 Question about special conditions of an international financial center in Astana
56:10 Is it necessary to register an agreement when changing the subject of obligations if it involves capital movement?
56:54 If the contract amount initially did not meet monitoring requirements but does after changes, should it be registered?
57:26 Can agreements via Electronic Document Workflow be registered with the National Bank of Kazakhstan?
57:43 Do free trade zones in the UAE fall into the list of offshore zones?
Q&A
Please, tell me about legal entities based in the Astana International Financial Center (AIFC). Is it true that there is an offshore scheme where only 3% is paid on turnover and no other taxes, including payroll taxes and no royalties on the purchase of software? What are the limitations, if any? Are there any restrictions on operating within the territory of Kazakhstan?
About corporate income tax:
Participants of the Astana International Financial Center (AIFC) are exempt from paying Corporate Income Tax (CIT) on income derived from the provision of the following financial services within the AIFC territory until January 1, 2065:
- Islamic bank’s banking services;
- Reinsurance and insurance brokerage services;
- Services related to asset management of investment funds, their accounting, custody, as well as providing issuance, placement, circulation, repurchase, and redemption of investment fund securities;
- Brokerage and/or dealer, underwriting services;
- Other financial services determined by the joint act of the AIFC, the central authorized body for state planning, and the state body responsible for guiding tax revenue and other mandatory payments to the budget (currently, a list of 33 categories of financial services provided by AIFC participants is approved, and the income from these services is exempt from CIT).
Additionally, until January 1, 2065, the following ancillary services provided to the AIFC authorities and/or AIFC participants are exempt from CIT: legal, auditing, accounting, consulting services.
The aforementioned services provided by AIFC participants are also exempt from Value Added Tax (VAT). They are also exempt from property tax and land tax on properties located within the AIFC territory.
For the purposes of applying these benefits, AIFC participants maintain separate accounting for their income.
Regarding payroll taxes and mandatory payments:
Foreigners who are employees of the AIFC are exempt from paying Individual Income Tax (IIT) on income derived from activities within the AIFC based on an employment contract concluded with an AIFC participant providing specific financial services until January 1, 2065. Accordingly, citizens of Kazakhstan and foreigners working in the AIFC who do not fall under the aforementioned exemption are subject to paying IIT.
The AIFC regulations do not include any provisions regarding the procedure for pension contributions, social tax, social contributions, mandatory social medical insurance contributions, and other mandatory contributions and payments. Therefore, the procedure for payment of the above-mentioned taxes and other mandatory contributions and payments is regulated by the relevant laws and regulations of Kazakhstan.
Regarding royalties on the purchase of software: Tax exemption does not apply to income received by non-residents – suppliers of goods and services to AIFC participants, which are subject to withholding tax at the source of payment.
Is it only possible to register a contract with the National Bank on paper? Is there no electronic document exchange with the National Bank?
Yes, registration in electronic form is also possible through the National Bank portal – https://nbportal.nationalbank.kz/
Do the free trade zones (FTZs) in the UAE (excluding Dubai) fall into the list of offshore jurisdictions, or are they different concepts?
No, the free trade zones in the UAE are not considered as offshore zones in Kazakhstan.
Is Beliz an offshore jurisdiciton?
Yes, Belize is often considered as one of the offshore jurisdictions.
Details
Date & Time
July 20, 2023
13:00-14:30 MSK
Language
Russian
Admission
Free
Platform
MS Teams
Speakers and topics
Aigerim Netalieva
- Chief accountant at Konsu
Interaction with non-resident legal entities in Kazakhstan
- Import/export of goods - practical aspects
- Services - features of document flow
- Transactions with affiliated entities - changes in legislation
Karina Shamsutdinova
- Lawyer at Konsu
Foreign currency control in Kazakhstan
- Currency operations between residents and non-residents - general provisions
- Capital movement operations - requirements, reports, liability for violations
- Import-export currency control - requirements, reports, repatriation of national currency, and liability
- Assignment of an account number for accounts in foreign banks
- Anti-Money Laundering policies and laws
Personal data, Transition to 1C:ZUP payroll & HR administration software, EDM & employee portal in 1C:ZUP 3
00:00 Start
02:00 General aspects and benefits of 1C:ZUP
05:00 Additional features and services: 1C: Employee Portal, Reporting, 1C: ITS, DirectBank
06:43 Advantages of 1C
11:14 Features and prerequisites for transitioning to 1C:ZUP 8.3:
+ Termination of support for ZUP 2.5 starting January 1, 2024
+ Withdrawal of foreign systems from the Russian market
12:40 Transition features to 1C ZUP 8.3. Complexity and duration factors. Stages
13:46 Data transfer methods: complete transfer and transfer of balances on a specific date
17:37 Experience of transitioning to 1C ZUP 8.3
22:10 HR EDMS functionality in 1C:ZUP 3 (Employee Portal)
24:39 Employee capabilities in 1C: Employee Portal, 1C:ZUP
25:50 Company capabilities
27:16 Electronic digital signature
28:29 Benefits of EDMS in 1C: Employee Portal
30:05 Personal data – main practices considering the changes in 2023
30:50 Processing personal data in 2023
33:37 Destruction of personal data
37:20 Assessment of the harm level in case of violation of the personal data protection law (152-FZ)
44:11 Features of transferring personal data abroad
48:05 Tightening of inspections by the Federal Service for Supervision of Communications, Information Technology and Mass Media (RKN) on the work of personal data operators
51:02 Documents that operators of personal data need to have in 2023
53:20 Experience with Softline cloud infrastructure
57:05 Question: Can you consolidate accounting from different versions of 1C and transfer it to 1C:ZUP 3?
58:08 Question: If ZUP is transferred to 1C:ZUP 3 and accounting is kept on version 2, can synchronization be ensured?
59:22 Question: Are there any limitations on customizing 1C? Companies need many reports for management.
1:00:20 Question: Can 1C Employee Portal only be used by employees who have 1C installed?
1:01:40 Can employees familiarize themselves with employment regulations through the 1C Employee Portal?
1:02:05 In which cases is consent for processing personal data not required during employment?
1:03:49 If a photo is used on the company’s website, is it considered biometric data?
1:05:04 If a photo is published on the company’s website, is consent required for the distribution of personal data?
1:05:34 Is consent required for processing personal data from visitors (e.g., business center)?
1:07:58 Do the requirements for processing personal data apply to individuals with whom the company has contractual relationships?
Details
Date and time
31.05.2023 15:00-16:30
Language
- Russian
Admission
Free
Platform
MS Teams
Partner
Reliability of the cloud infrastructure is provided by Softline:
- Cloud infrastructure which fully complies with the requirements of 152 FZ, ISO/IEC 27001
- Tier III data centers
Speakers and topics
Natalia Chernyakina
- Team leader, business systems development group
Aspects of transitioning to 1C:ZUP 3 payroll & HR administration software
- General aspects
- Advantages of 1C:ZUP and transition features
- Experience of transitioning
Maria Brychkova
- Payroll team leader
Functionality of electronic document management and employee portal in 1C:ZUP
- Employee portal in 1C - capabilities for employees
- Employee portal in 1C - capabilities for companies
- Signing documents with an electronic signature
Anna Reznikova
- Head of legal practice in Labor & Migration
Personal data: key practices and latest regulatory changes
- Processing personal data in 2023
- Destruction of personal data: new rules
- Assessing the level of harm in case of personal data law violations: new procedure
- Specifics of transferring personal data abroad in 2023
- Increased inspections by Roskomnadzor for operators handling personal data
- Documents that operators handling personal data need to have in 2023