Currency and Tax Law Implications. Although outside the scope of this article, we also note generally that any payments made by a foreign company to a Russian individual or organization may also have currency and tax implications. For example, foreign currency cash payments are generally prohibited under Russian currency rules. Similarly, depending on how a payment or other provision of goods or services would be characterized, different Russian tax and accounting requirements may apply, such as income tax, VAT and employment tax issues. B. Criminal Law Provisions.
Similar fines apply to the individuals accepting the unlawful payment.
If such misuse of authority results in grave consequences, the penalties are increased.