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