What are the forms of remuneration?
Posted: Thu Jan 23, 2025 4:53 am
The usual form of payment for most people is in cash in the country's currency. But it is permitted to pay part of the salary in kind. This is regulated by Article 131 of the Labor Code of the Russian Federation .
Monetary form
Salaries in Russia are paid in Russian rubles. Payment in foreign currencies is permitted only to official representatives of the Russian Federation abroad and diplomats.
Non-monetary form
People can be paid part of their salary in goods produced by the philippines telegram data company where they work. This form is also called in-kind and is used, for example, in agricultural companies.
Payments have several restrictions:
The employee must agree in writing to this form of payment.
Payment in kind should not exceed 20% of the monthly salary.
Salaries can only be paid in products from the company where the person works.
The goods must be useful to the employee. For example, in a glass company, double-glazed windows are not suitable as a salary.
The price of goods must correspond to the market price. For example, you cannot pay a person with potatoes at 150 ₽ per kilogram if they cost 30 ₽ in the supermarket.
The following cannot be issued as salary
Monetary form
Salaries in Russia are paid in Russian rubles. Payment in foreign currencies is permitted only to official representatives of the Russian Federation abroad and diplomats.
Non-monetary form
People can be paid part of their salary in goods produced by the philippines telegram data company where they work. This form is also called in-kind and is used, for example, in agricultural companies.
Payments have several restrictions:
The employee must agree in writing to this form of payment.
Payment in kind should not exceed 20% of the monthly salary.
Salaries can only be paid in products from the company where the person works.
The goods must be useful to the employee. For example, in a glass company, double-glazed windows are not suitable as a salary.
The price of goods must correspond to the market price. For example, you cannot pay a person with potatoes at 150 ₽ per kilogram if they cost 30 ₽ in the supermarket.
The following cannot be issued as salary