1st-quarter salary reports due in April

IMPACT – MEDIUM

What is the change? Reports on the salaries paid to highly qualified specialists during the first quarter of 2018 (January through March) must be submitted in April.

What does the change mean? The reports, which employers must complete to show that they have met minimum salary payment levels, are required quarterly. Employers are now required to including copies of their HQS salary reports during the work permit renewal process.

• Implementation time frame: April 1-28, 2018.
• Visas/permits affected: HQS work permits.
• Who is affected: Companies employing highly qualified specialists.
• Business impact: Companies and individual company officials may face fines if they fail to submit the reports on time.
• 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. While companies typically have until the end of the first month of a new quarter to complete filing, filing for this quarter must be completed by April 28 because of Russian bank holidays at the end of April and beginning of May.

This alert has been provided by the BAL Global Practice group. For additional information, please contact your BAL attorney.

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