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FINES FOR ILLEGAL CURRENCY TRANSACTIONS MAY BE REDUCED

... a number of financial offenses. The initiative is connected with the sanctions imposed on Russia and the resulting difficulties for entrepreneurship. It is assumed that the foreseen financial liability for companies may be reduced threefold. The bill is already under consideration of the government. The position of the Ministry of Finance is that in the current sanctions situation, the adoption of the proposed measures should serve to mitigate the negative impact on the exporters. The document has already received the support of the government commission - its further ...

Russia is to introduce fines for incomplete information about goods

... provides for the introduction of new fines for businesses for providing incorrect information about a product or its distortion. We are talking about working with the National System of traceability of goods. Commenting on the legislative intentions, the Ministry of Finance explained that under the new rule, the punishment can occur if false or incomplete information is provided, as well as if details are distorted, Izvestia reports . The introduced liability will affect companies that are operators ...

Mortgage may become more beneficial for trustworthy borrowers

... not have access to information about borrowers' credit histories and, as a result, the ability to fully assess the risks. The Ministry of Finance is confident that the new instrument will, on the one hand, reduce the cost of securitization, and on the ... ... up the transaction procedure. Additionally, it is expected to improve the quality of mortgage loans themselves. Work on the bill should be completed by February next year, at the same time, it is planned to be submitted for consideration to the lower ...

FEDERAL TAX SERVICE AND CUSTOMS SERVICE MAY BE EMPOWERED TO INITIATE CLAIMS

The Ministry of Finance proposed to empower the Federal Tax Service and the Federal Customs Service with the right to intervene in the case by analogy with prosecutors. This means that tax and customs authorities will be able to independently initiate cases ...

LEGAL LIABILITY FOR ALCOHOL AND CIGARETTES SMUGGLING CAN BE INCREASED

The Ministry of Finance of the Russian Federation has developed a document establishing responsibility for the illegal import of alcohol and tobacco from the countries of the Eurasian Economic Union (EAEU). Punishment may occur in case of importing products ...

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