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IMPACT – MEDIUM
What is the change? The government has released new forms to be filed by companies in reporting certain uses of foreign labor.
What does the change mean? The new forms, which take effect April 20, should be used when reporting quarterly Highly Qualified Specialist salaries, signing of new labor contracts with foreign employees and termination of labor contracts with foreign employees. Additionally, authorities have clarified that companies must report the signing or termination of a labor contract with a foreign employee within three business days, and that the three-day period begins on the day following the signing or termination.
BAL Analysis: The forms have undergone minor changes. To avoid penalties for using invalid forms, employers should use the new ones beginning April 20.
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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