Quarterly reports on foreign salaries due

IMPACT – MEDIUM

What is the change? Employers have until Jan. 31 to report the salaries of foreign highly qualified specialists covering the last quarter of 2016 (October through December).

What does the change mean? The salaries must comply with the wage thresholds set for highly qualified specialists, which are 167,000 rubles (about US$2,800) per calendar month, or 501,000 rubles per quarter if there was a gap in employment during the quarter.

• Implementation time frame: Now until Jan. 31.
• Visas/permits affected: HQS work permits.
• Who is affected: Companies employing highly qualified specialists.
• Business impact: Companies face fines of 400,000 to 1 million rubles; individual company officials face fines of 35,000 to 70,000 rubles.
• Next steps: Salary reports may be submitted in-person or mailed to the Ministry of Internal Affairs.

BAL Analysis: Companies should ensure that they submit their quarterly reports on time and that the salaries comply with wage thresholds for HQS workers.

This alert has been provided by the BAL Global Practice group and our network provider located in the Russian Federation. For additional information, please contact your BAL attorney.

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