New codes OKVED 2 in Globas-i®

Since 11.07.2016 all new established legal entities and sole entrepreneurs will get economic activity codes of the Russian Classification of Economic Activities OKVED 2 OK 029-2014. Till that period classifiers OKVED OK 029-2001/2007 were used.

Legal entities and sole entrepreneurs have no obligation to enter changes to registration documents for getting new OKVED 2 codes. The Federal Tax Service will change codes to OKVED 2 for all types of entities registered before 11.07.2016. In the process of changing the match keys developed by the Ministry of Economic Development of the RF will be used.

Till the 1st January 2017 the following versions of OKVED classifier are valid:

• OKVED OK 029—2001/2007 (NACE Rev. 1, NACE Rev. 1.1),
• OKVED OK 029—2014 (NACE Rev. 2).

Starting from the 1st January 2017 classifiers OK 029-2001/2007 will be cancelled. The transition period is set till this date.

In Globas-i types of economic activity are up-to-day and updated online using xml files from the Unified State Register of Legal Entities (EGRUL) and the Unified State Register of Sole Entrepreneurs (EGRIP).

Please note that for the beginning of the transition period the extract from EGRUL/EGRIP contains economic activity codes in accordance with OKVED OK 029—2001/2007 classifiers. Due to this fact codes from the extract can be out-of-date and vary from the data in Globas-i System.

Taking into account changes to OKVED 2 codes and the necessity to recalculate the batch of data, including archive data, some analytical functions (Industry ratios, Company’s position in the industry, Analysis of competitive environment, Analytical balance sheet) may contain errors. In the nearest future all calculations will be finished and mentioned analytical functions will be available as usual.