Taxation of individuals

Last year, yet another amendments to the Federal Law on Insolvency (Bankruptcy) were enacted. It was quite anticipated for many reasons. First of all, distinct increase of the number of bankruptcies, it is unknown whether we have hit the bottom of the crisis, but bankruptcy became a quite popular affair.

Under the current circumstances, proper execution of transactions between foreign counterparties has become significantly harder.

Under the current conditions, the main restriction faced by all individuals and corporations is travel restrictions for individuals, cancellation of air service, and closure of borders.

Nowadays we all live in a state of constant uncertainty, which is why it is more important than ever to separate rumors from facts, panic attacks from strategic planning, and treat everything we hear and see with a critical eye.

In 2020, the phrase “The world will never be the same again” became really popular. And this statement has already become reality for people who keep their savings with Russian banks.