Not only Russian copyright, broadcast and digital law
If the company provides customers in Russia with electronic services, it should pay VAT regardless of its place of incorporation. So it can be actually Russian company, incorporated outside of Russian jurisdiction or it can be foreign company, in both cases VAT must be applied. According to RBC, draft law introduces VAT for licences for software for personal computers and databases regardless of person selling it – whether Russian company or foreign company sells such licence.
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As reported rbc, under new proposed draft law foreign companies, selling e-books, music, software, must pay VAT in Russia, even if they sell goods or services in Russia from abroad. This law can cause increase of prices for images, software, music, movies, games, e-books. It was proposed to impose VAT also on advertising in internet and hosting services. According to statement of Vladimir Parahin, one of the authors among others, foreign companies are the main suppliers of such services in Russia. He believes it is not fair, if someone downloads software through App Store on a territory of Russia, and Apple pays nothing to Russian budget. Russian companies pay VAT to Russian budget. Such disparity forces Russian companies to incorporate abroad in order to avoid taxation. It is not good for Russian budget.
Comments closedDuring the session were discussed some relevant topics. First of all development of National Electronic Library (NEL) has been considered. Authorship of idea to establish such library belongs to three major federal libraries – Russian state library, The national library of Russia and Russian national public library for science and technology). Presidential May edicts have reflected the mission to completely reach full operation of NEL. Then draft of law about development of NEL has been referred to Russian state duma. Now it is prepared to first reading. This draft law specifies NEL purposes, principles of its formation, status of members and users of system, provides rights of access to library resources for citizens. Members of meeting also have discussed issues in intellectual property regulation in Russia. Protection of photo images, determination of royalty rates and equitable distribution of revenues, earned from creative activity, require regulation. It was proposed to form working group, which would define road map for modernisation of intellectual property protection in Russia.
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As reported rbc Russian movie producers (Sergey Selyanov from “STV”, Fedor Bondarchuk and Dmitry Rudkovsky from Art Pictures, Timur Vainstein from “Vaite Media”, Gevond Andreasyan from “Enjoy Movies” and George Shabanov from “All Media”) have signed and sent collective letter to Russian ministry of culture. The letter is addressed to Russian minister of culture Vladimir Medinsky. They aim to get support from Russian ministry of culture in distribution of their movies. They concerns about New Year competition with foreign movies. Some of these companies have produced movies with support of governmental Movie Fund. These movies will be released on 31st of December 2015 and 1st of January 2016. A few foreign films will be also released in Russia on the same dates. Russian producers have concerns that it will be pretty hard to earn money on distribution of certain Russian movies in order to cover expenditures spent on production of these movies if these films will compete with foreign films. Therefore signers asked for state support in relation to certain films produced by their companies.
Comments closedThe marketplace for music is changing dramatically. New technologies are transforming the way people listen to music, substantially altering the economics of the music business, particularly for songwriters and composers. Streaming music through services such as Pandora, Spotify and iTunes Radio is quickly surpassing physical music sales and digital downloads in popularity. Digital audio-visual services such as Netflix and Amazon are revolutionizing the ways in which the world watches television and movies, changing the traditional media landscape.
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