Would you like to open a company in Russia? You will also need accounting services. We present some key features of accounting in Russia and note that our specialists can tell you more about the services available at our firm.
| Quick Facts | |
|---|---|
| Who requires accounting services in Russia | If you want to register a company in Russia and develop activities, you need to align with the accounting requirements. |
Applicable accounting legislation | – Russian Accounting Standards (RAS), – International Financial Reporting Standards (IFRS) |
Types of accounting services we offer | – bookkeeping, – payroll, – annual financial statements, – tax returns, – debt monitoring |
| Tax advice and compliance (YES/NO) | Yes |
| We offer support for tax registration | Yes |
| Financial planning for company owners | On request |
| Risk assessment and evaluation | On request |
| Types of audit services | – internal, – external, – financial, – compliance, – operational |
| Tax minimization methods available | – tax credit planning, – charities, – retirement plans, – selling investments that lost their value |
| Personalized financial consultancy services | On request, for company formation in Russia |
| Investment consultancy for high-net-worth individuals | On request |
| Financial and analysis reports for companies | Dedicated plans, if solicited |
| Human resources services available (YES/NO) | Yes |
| Expertise provided by certified accountants (YES/NO) | Yes |
| Free case evaluation for companies (YES/NO) | Yes |
| Types of HR services | – human resources administration, – employment recruitment, – preparation, and registration of work contracts with the relevant authorities |
Services of a CPA in Russia | – payroll, – bookkeeping, – preparation of tax returns, – debt monitoring, and more |
Is debt monitoring a part of an accounting package? | A qualified accountant in Russia can provide great and useful insights into debt management approaches for businesses registered here. |
| Follow-up and analysis | Our Russian accountants can create different financial reports after audits. The results can be presented to the company management. |
| Sustainability | Our accountants in Russia can use specific financial data for issuing varied reports that can accurately present the income and expenses of the firm. Particular recommendations referring to sustainable activities can be suggested and implemented. |
| What is source usage? | Verifying internal business resources and proposing different strategies to increase efficiency. |
| Bank payments | We can handle daily bank payments in the company. |
| Inventory management | Tracking products, goods, and assets in a firm, by using dedicated platforms and data for future audits. |
| Accounting services for startups in Russia | We provide dedicated accounting services for foreigners opening startups in Russia. |
| Accounting services for sole proprietorships in Russia (YES/NO) | YES |
| Preparing monthly and quarterly VAT declarations (YES/NO) | YES |
| Year-end closing approvals and books | Our Russian accountants can close and sign the accounting books at the end of the tax year. |
| Tax year in Russia | 1st of January – 31st of December |
| Benefits of outsourced accounting services | – affordable prices for outsourced accounting services, – dedicated solutions, – personalized offers |
| Why work with our accountants in Russia? | – professionalism, – transparency, – efficiency, – tailored accounting packages |
Table of Contents
What types of accounting services do you provide in Russia?
- Bookkeeping,
- Payroll,
- Audits,
- Tax returns,
- Debt monitoring,
- Annual financial statements preparation,
- HR services and many more.
What accounting legislation is applicable in Russia?
- Russian Accounting Standards (RAS),
- Tax Code in Russia,
- Federal Law No. 402-FZ “On Accounting,
- International Financial Reporting Standards (IFRS).
Who regulates accounting in Russia?
Federal Tax Service through the Ministry of Finance in Russia.
You can also ask for payroll in Russia and discover the following infographic:
What does bookkeeping entail?
- recording all financial operations of a firm in Russia,
- maintaining the general ledger,
- daily financial data entry, etc.
NOTE: All financial transactions are recorded through the primary Accounting Document. All transactions in Russia are logged via double-entry bookkeeping.
What does payroll entail?
- payroll tax calculation,
- salary tax payment,
- distribution of wages,
- periodical reporting,
- record maintenance through dedicated platforms, etc.
What are the payroll taxes in Russia in 2026?
- 13%-22% progressive employee personal income tax,
- 30% of social security contributions paid by the employer.
If you need guidance on this topic, the following video presentation might help:
What types of audits do you provide in Russia?
- annual Russian statutory audits,
- tax audits,
- due diligence and transaction audits,
- forensic audits,
- voluntary audits, etc.
Do you offer the services of a Certified Public Accountant (CPA) in Russia?
Absolutely, we can put you in contact with our CPA specialists in Russia.
Do you prepare annual financial statements for companies in Russia?
Yes, we work with:
- company balance sheet,
- cash flow statements,
- income statement,
- notes and reports.
IMPORTANT: Our Russian accountants can prepare & submit the annual financial statements as requested by the law.
Can your Russian accountants make company payments?
Sure, in agreement with the company policies.
Do you provide tax optimization methods? Can you give some examples?
Yes, here are some examples:
- corporate income tax optimization through special tax regimes for companies,
- reduced taxes for small & medium enterprises in Russia,
- company grants in Russia’s special economic zones,
- retirement plans,
- through credits paid in advance,
- by creating charities, etc.
Can I benefit from tax or financial advice from your firm in Russia?
Of course! Our specialists need to know the financial status of your firm in order to create a personalized tax plan.
Can I receive accounting services for more than one firm in Russia?
Sure, you will need to provide complete information about the companies you own in Russia.
What HR services do you offer in Russia?
- registration and/or termination of work contracts with the local authorities,
- staff onboarding,
- HR payroll calculation,
- employer of Record on request,
- recruitment of expats, etc.
What is the financial year in Russia?
1st of January – 31st of December.
Are accounting services in Russia expensive?
From RUB 4,000 for sole traders to RUB 90,000 and more for international companies in Russia.
What are the benefits of outsourced accounting services in Russia?
- Optimal control of daily financial operations and accounting tasks,
- Cost-effective,
- Proficiency, etc.
NOTE: Our Russian accountants use up-to-date software & platforms, approved by the relevant authorities.
Would you like extra details about the accounting services we offer to our customers in Russia? We suggest you contact our firm online or by phone.