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IMPACT – MEDIUM
What is the change? Reports on the salaries paid to highly qualified specialists during the first quarter of 2018 (January through March) must be submitted in April.
What does the change mean? The reports, which employers must complete to show that they have met minimum salary payment levels, are required quarterly. Employers are now required to including copies of their HQS salary reports during the work permit renewal process.
BAL Analysis: Companies should ensure that they submit their quarterly reports on time and that the salaries comply with wage thresholds for HQS workers. While companies typically have until the end of the first month of a new quarter to complete filing, filing for this quarter must be completed by April 28 because of Russian bank holidays at the end of April and beginning of May.
This alert has been provided by the BAL Global Practice group. For additional information, please contact your BAL attorney.
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