Jurisdictions news

04.07.2012 China established new zone for cooperation with Hong Kong
According to the decision of Chinese government the special economic zone for cooperation with Hong Kong was established.

03.07.2012 Updated tax agreement between Japan and New Zealand
Governments of Japan and New Zealand have agreed an updated agreement on avoidance of double taxation from 1963.

02.07.2012 Barclays scandal
On the 2nd of July Chief Executive of Barclays, Bob Diamond has resigned, because of rate fixing scandal

27.06.2012 New accounting rules for multinationals companies in Norway
The Government of Norway intends to introduce new rules for reporting (country-by-country reporting) for multinationals companies, which will take effect starting from January 2014

26.06.2012 Switzerland and Portugal signed revised double taxation agreement
On 25th of June, 2012 the Governments of Portugal and Switzerland have signed an updated double taxation agreement, under which the withholding tax on dividends, interest and royalties will be zero

25.06.2012 Switzerland is ready to collaborate with the USA in terms of FATCA
On the 8th of May 2010, the President of the USA Barack Obama signed a Foreign Account Tax Compliance Act - FATCA, whose idea is to extend the control of the U.S. tax on foreign banks, insurance companies, investment funds, etc. under the pain of "penalty" of taxation of their operations on U.S. financial markets

22.06.2012 “Green economy” is the major issue on the Summit Rio + 20
The Conference focused on two themes: (a) a green economy in the context of sustainable development poverty eradication; and (b) the institutional framework for sustainable development

22.06.2012 The list of holidays in July, 2012, in different countries exept weekly off days
Dear client! We provide you information concerning holidays schedule in banks in July, 2012.

21.06.2012 The ruble has suffered another defeat
External factors, especially landslide of oil prices are the reason of weakening of Russian currency

20.06.2012 New President – new taxes in France!
French President Francois Hollande suggested to establish income tax of 75% rate for those, whose income exceeds EUR 1 million per year

18.06.2012 The tax law on special tax regimes in the Russian Federation has been adopted
On the 15th of June the Federation Council adopted a law about amendments to the Tax Code

15.06.2012 UK refuses the introduction of financial transaction tax
At the end of May European Parliament adopts ambitious approach on financial transaction tax

14.06.2012 Russia and Ukraine in the Rankings of the World Bank Doing Business – 2012
The World Bank and International Finance Corporation in the ninth time ranked Doing Business 2012, which covers economies of 183 countries

08.06.2012 Tax authorities of Canada has won a tax dispute
The Supreme Court of Canada made judgment about the legality of the transfer tax by the Canadian company assets in a trust which was established in Barbados

05.06.2012 The governments of Italy and Russia have already a week to use Tax Treaty Protocol
On 1 June 2012, the amending protocol, signed on 13 June 2009, to the Italy–Russia Income and Capital Tax Treaty (1996) entered into force

04.06.2012 Hong Kong continues to attract investors from all over the world
The date of entry of agreement for the avoidance of double taxation (CDTA) into force was the 3rd of June, 2012

01.06.2012 Italy and Switzerland on the way to the conclusion mutual tax agreement
24 May 2012 was the first round in financial and tax issues between Switzerland and Italy

31.05.2012 The Ukrainian authorities have decided to legalize the tax deductions for IT sector
The Parliament of Ukraine adopted a series of legislative amendments in favor of an economic experiment to create favorable conditions for development the IT industry in Ukraine.

31.05.2012 The Ukrainian authorities have decided to legalize the tax deductions for IT sector
The Parliament of Ukraine adopted a series of legislative amendments in favor of an economic experiment to create favorable conditions for development the IT industry in Ukraine

30.05.2012 Stock market games is continuing
Facebook is considering the opportunity to purchase Opera Software ASA