Tatiana Frolova

One of the innovations that completely changed the current practice was the introduction of liability for illegal currency transactions in the form of a fine amounting to 75 to 100 % of the amount of the currency transaction.

In 2020, changes made to the Tax Code of the Russian Federation affected mainly individuals with income above the national average.

In autumn, potential changes began to shape up, and by the end of the year the State Duma received the draft law On Amendments to the Federal Law on Foreign Exchange Regulation. The key interest of these amendments was the status of the foreign exchange resident and the expanded [...]

For some time now legislators have tried to attract personal savings to the securities market. It may be explained by the fact that Russian companies desperately need financial injections, but many of them have no access to the market of cheap foreign credits.

Modern civil law system provides two options of transfer of property of the deceased owner to his/her heirs. If the person has not made any will, his/her property will be transferred to his/her heirs in the manner provided for inheritance by law.

For the owners of foreign companies 2015 became crucial. President Vladimir Putin’s statement on the need to pay taxes from offshore companies slowly, but steadily comes true, and now the country is going through the so-called transition period, when everyone learns to live and pay taxes according to new [...]

The basis of life insurance began its formation in 1663 when English entrepreneur James Dodson collected all data on different London cemeteries, calculated the average age of deceased, their number per year and applied this statistics for calculation of insurance premium.

In June 2019, Russia started the third stage of the capital amnesty, which will last until 29 February 2020. The main condition for the current amnesty was the return of the declared assets to their homeland. It should be noted that not all [...]

The civil law in Russia gradually evolves under the general roar of probably historically significant events. This also concerns the intellectual property rights: in March 2014 a package of amendments to part 4 of the RF Civil Code was adopted.

The third stage of capital amnesty starts in Russia. To be precise, this is not even the third stage, but the fourth, since the first amnesty, announced in 2015, was extended for six months from the initially declared period.

The past year brought to the citizens of the Russian Federation, who have the legal right of permanent residence outside the Russian Federation, the obligation to notify the authorities of the federal migration service of the existence of this right.

In 2018, amendments to the Civil Code regulating the institute of inheritance funds entered into force. Thus, our legislator is trying to adapt the Russian law to the requirements and demands of the modern world.

In accordance with the Federal Law “On Insurance of Household Deposits in Banks of the Russian Federation” the Deposit Insurance Agency (DIA), in the case of revocation (cancellation) of the banking license of a bank, pays insurance indemnity to individual depositors from the compulsory deposit insurance fund.

This law came into force on January 1, 2002 and marked an attempt to reform the pension system in Russia. Within the meaning of the law, a part of the employer's pension contributions was meant to form the funded part of the pension.

In 2020, the phrase “The world will never be the same again” became really popular. And this statement has already become reality for people who keep their savings with Russian banks.

On May 7, 2018, the Ninth Arbitration Court of Appeal delivered a judgement that caused a great stir to the "digital world". Cryptocurrency was recognized as property that could be foreclosed.

From July 31, 2020, Federal Law No. 218-ФЗ “On Amendments to Articles 3.5 and 15.25 of the Code of Administrative Offences of the Russian Federation” dated 20.07.2020 became effective and amended provisions governing liability for violations of the currency legislation.