Month: March 2026
Holding of Annual General Meetings of LLC Participants in 2026
Dear colleagues,
we would like to draw your attention that in accordance with the Article 34 of the Federal Law No. 14-FZ dated February 8, 1998 “On Limited Liability Companies” the regular (annual) general meeting of participants of an LLC to approve the results of the previous year (annual reports and annual accounting (financial) statements) is to be held in the period from March, 1 to April, 30, 2026.
Non-holding of the meeting within the specified period may result in penalties. According to the Clause 11 of the Article 15.23.1 of the Code of Administrative Offences of the Russian Federation an unlawful refusal to convening a meeting or evasion of convening a general meeting, as well as violation of requirements for the procedure of convening, preparing and holding general meetings of LLC participants, entails the imposition of a fine. For officials (general directors) the fine ranges from 20,000 to 30,000 rubles; for legal entities it ranges from 500,000 to 700,000 rubles.
As we have previously informed you the legislation prohibits holding the regular general meeting of participants in absentia. However, it is permitted to hold such a meeting by combining absentee ballots and an in-person meeting (i.e., with the physical presence of at least one of the participants).
We will be glad to support you in preparing and holding a regular meeting to approve the annual results by the general meeting of LLC participants, as well as to prepare the corresponding minutes of meeting or the resolution of the sole participant of the company.
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Submission of information on participants of a foreign organization for 2025
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Submission of information on participants of a foreign organization for 2025
Dear colleagues,
please pay attention that the term for submission of information on the participants of a foreign organization for 2025 to the tax authorities expires on March 28th, 2026.
In accordance with the requirements of the Russian legislation (clause 3.2, article 23 of the Tax Code of the Russian Federation), all foreign organizations and foreign structures without legal entity status which are registered in Russia for tax purposes are required to disclose annually the following information as of December 31 of the year preceding the reporting year:
● of all direct participants and beneficial owners regardless of the share of participation;
● of indirect participation of an individual or a public company (if such participation share exceeds 5 percent).
The specified information is to be submitted to the tax authority not later than on March 28 of the year following the reporting year. The information for 2025 shall be submitted by March 28, 2026, accordingly.
An exception is foreign organizations that are registered with the Russian tax authority only for provision of services in electronic form.
Non-submission (late submission) of the specified information entails tax liability in accordance with the clause 2.1 of the article 129.1 of the Tax Code of the Russian Federation with a fine of 50,000 rubles.
We have previously reviewed this issue in our information materials, including this one.
We will gladly support you in preparing and submitting information to the tax authorities regarding participants and beneficial owners of foreign organizations.
Submit a request
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10.02.2026