Country News

The Russian government has banned public procurement of auditing, accounting, and financial services from Russian companies with more than 10% foreign ownership, tightening restrictions on businesses with foreign capital.

As of September 1, 2025, paper sick leave certificates have been phased out, and the process of issuance and payments is now carried out through a unified digital platform.

Watch our video to know more about business opportunities in Central Asia.

Amendments recognize internet platform operators as tax agents and require banks to disclose account information, strengthening tax control and financial transparency.

Starting in 2026, Russia plans a tax reform: raising VAT to 22% and tightening rules for small businesses, which will increase the burden on companies and push up prices.