Highly Qualified Specialist salary reports due this month

Reports on the salaries paid to highly qualified specialists (HQS) during the fourth quarter of 2021 (October through December) must be submitted by Jan. 31.

 Key Points:

• Salary reports must be submitted in person or mailed to the Ministry of Internal Affairs on or before Jan. 31.
• The reported salary should not be less than the minimum HQS level (in standard conditions) of 167,000 rubles per calendar month or 501,000 rubles per quarter.
• Violations of the established notification procedures can result in fines for the employer.

BAL Analysis: Companies should ensure that they submit their quarterly reports on time and that the salaries comply with wage thresholds for HQS workers. Failing to pay the minimum salary established for HQS employees can result in a company being banned from employing new HQS employees for two years.

This alert has been provided by the BAL U.S. Practice group. For additional information, please contact berryapplemanleiden@bal.com.

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