IMPACT — MEDIUM

Reports on the salaries paid to highly qualified specialists during the first quarter of 2023 (January through March) must be submitted by April 28.

 Key Points:

  • Salary reports must be submitted in person or mailed to the Ministry of Internal Affairs on or before April 28.
  • The reported salary should not be less than the minimum HQS level (in standard conditions) of 167,000 RUB (about US$2,150) per calendar month or 501,000 RUB 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 Global Practice Group. For additional information, please contact berryapplemanleiden@bal.com.

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