Jurisdictions news

30.06.2016 Russia’s tax agency will publish publicly available information by July, 2017

June 1 2016 Federal Act № 134-FZ «About the amendments in Article 102, Part 1 of the Tax Code of the Russian Federation» entered into force.

28.06.2016 Since July 1 the banknotes of Belarus will be renewed: «four zeros» will be removed

July 1 revaluation in proportion 10000:1 will be held in Belarus. Thus the currency of Belarus will lose four zeros: 10 000 «old» Belarusian rubles will equal to one «new» ruble.

22.06.2016 Russian citizens without a residence permit will be able to receive medical services at the place of residence

On June 22 representatives of federal ministries and agencies at the working session in the Presidential Council on Civil Society and Human Rights discussed the possibility of providing public services for those citizens who can’t register their place of residence.

07.06.2016 Alterations in the procedure of getting «Blue Card» for highly-qualified migrants
European Commission has taken an Action Plan to support the integration of third countries’ citizens and their economical and social impact on the European Union, as well as to reform the rules of the «Blue Card» for highly-qualified workers coming to the European Union.

06.06.2016 The Republic of Singapore and the French Republic have entered into a tax Convention
The Republic of Singapore has concluded the Convention for the avoidance of double taxation with the French Republic.

03.06.2016 Hong Kong imposes extra deduction of interest payable on money borrowed by a corporation

Hong Kong’s Government has gazetted Inland Revenue (Amendment) (No. 2) Ordinance 2016, which enables the deduction of interest payable on money borrowed by a corporation registered in Hong Kong and carrying an intra-group business. 

02.06.2016 Great Britain switches to plastic notes

Bank of Great Britain Governor has introduced the first plastic note in the state.

01.06.2016 Switzerland will freeze illicitly acquired assets

June 1 the Foreign Illicit Assets Act will come into force. The law will cover the issues of freezing, appropriation and restitution of illicitly acquired assets. 

26.05.2016 Audit of Latvian banks comes to an end

During almost all spring period Latvian banks have been subject to numerous audits both by international organizations and the public authorities.

04.02.2016 Trans-Pacific Partnership Agreement was signed

Trans-Pacific Partnership (TPP) Agreement was sighed at the meeting of TTP Ministers in Auckland, New Zealand.

02.02.2016 The Federal Tax Service of Russia approved the "black list"

The Federal Tax Service of Russia has published a list of jurisdictions that don’t exchange information for tax purposes with the Russian Federation.

27.01.2016 31 countries joined the automatic exchange of information

Today 31 countries signed the Multilateral Competent Authority Agreement (MCAA) to raise the transparence of cross-border cooperation on tax matters.

15.04.2015 Mass media have blown about the taxation of individuals’ currency exchange operations

After the participation of the Prime Minister Dmitry Medvedev in the board meeting of the Russian Finance Ministry on 14 April 2015 with the proposition of further development of questions related to the practical application of norms on the taxation of incomes from the currency trade operations mass media started to spam with various unfounded information.

14.04.2015 International trade volumes are far from perfect

WTO Director-General Roberto Azevêdo has held a speech on the tendencies of the international trade development.

10.04.2015 Italy will not increase taxes for 3 years

Italian Council of Ministers has approved the country’s Economic and Financial Document (DEF), which supplements its 2015 Budget Law.

08.04.2015 Canada cares about taxpayers

On the 8 of April as a part of support of small and medium-sized businesses policy, carried by the Canada Revenue Agency, the Minister of National Revenue – Kerry-Lynne D.

03.04.2015 Everyone can contribute to the rules about CFC

On the 3 of April an OECD project document on the strengthening of rules about controlled foreign corporations was presented for the public discussion within the action plan on BEPS.

02.04.2015 The legislative framework for the reform of corporate taxation is ready in Switzerland

Swiss Federal Council announced that the third package of legislative proposals for the reform of corporate taxation in the country is almost ready.

01.04.2015 ABLV Bank now accepts 5 more currencies

Since the 1 of April ABLV Bank accepts payments in 5 more foreign currencies - the Armenian dram (AMD), Georgian lari (GEL), Hong Kong dollar (HKD), the Turkish lira (TRY), Thai baht (THB).

30.03.2015 The economy of Luxembourg won through the global crisis

According to the OECD estimations the economy of Luxembourg has passed the global economic crisis quite well, although the Government can still make a number of steps towards economic diversification and strengthening of the financial sector.

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