20.08.2014
Russian Government affirms the agreement on taxation information exchange
Government of Russia adopted the model agreement on the exchange of information concerning the taxation matters, which can be concluded with governments of another states.
19.08.2014
OFAC changes the definition of “blocked person”
The Department of the Treasury's Office of Foreign Assets Control (OFAC) revised guidance on companies that owned by the persons whose property rights or/and interest in property were blocked.
August 17 came into force an Order of the Federal Migration Service (FMS of Russia) from July 28, 2014 N 450 "On approval of forms and procedures for notification by a citizen of the Russian Federation on other citizenship or a residence permit or other valid document confirming the right to its permanent residence in a foreign country."
15.08.2014
Switzerland improves legislation
Economic Affairs and Taxation Committee of the National Council (EATC-N) thinks that it is not right that persons, who transfer the client information stolen from financial institutions, are not criminally liable.
14.08.2014
Ministry of Finance of Russian Federation initiated the imposition of the additional sales tax
Russian Ministry of Finance proposed to the Government a project of the law on imposing of additional sales tax. Supposedly this tax shall be imposed since the beginning of the next year.
13.08.2014
Banks will be able to know everything about their clients
Central bank of Russia proposed the Bill, according to which banks will be able to know about the level of income of their potential borrowers.
12.08.2014
Independence will improve Scotland’s economy
Scottish Government published “A Jobs Plan for Independent Scotland”, where it described in details which measures will be taken in the country as soon as it becomes independent from the British crown.
11.08.2014
New Regulation of the Supreme Court of Russia Federation is adopted
In accordance with the paragraph 13 part 3 article 5 of the FKZ from the 5th of February, 2014 “On the Supreme Court of Russian Federation” №3-FKZ, Plenum of Supreme Court of Russian Federation adopted a Decree, which affirmed and enabled into forse since the 6th of August, 2014 new Regulation of the Supreme Court of Russia.
08.08.2014
Cypriot Supreme Court allows the sale of FMBE Bank
Central Bank of the Republic of Cyprus announced that the Supreme Court dismissed FBME application for suspension of decree on the sale of operations of the Cypriot branch of the bank.
07.08.2014
Nordea Bank Danmark A/S closes non-residents’ accounts
According to clients, bank Nordea started sending of informational letter about the chages in its strategy. In a letter bank states that in the future Nordea is planning to focus on the clients that have a connection with Nordea’s principal markets, i.e. Scandinavian countries.
05.08.2014
Opposition asks for the decrease of corporate tax in New Zealand
New Zealand’s main opposition party, “ACT Party”, introduced its plan on improvement of country’s economy. The main goal is to increase country’s GDP on one third.
04.08.2014
Ireland affirms its corporate tax at the same low level
Irish Department of Jobs, Enterprise and Innovation published policy statement on Foreign Direct Investments (FDI) in Ireland. Head of the Department, Richard Bruton, stated that Ireland shall improve regulation of FDI for international corporations.
01.08.2014
New sanctions against Russian Federation
In response to the annexation of Crimea Europe imposed new sanctions, which come into force on August 1, 2014 (Council Regulation of 31 July 2014 No. 833/2014).
31.07.2014
FTA Agreement comes into force between EFTA, Costa Rica and Panama
Free Trade Area (FTA) Agreement has been already signed between EFTA countries, Costa Rica and Panama in June, 2013.
30.07.2014
IMF proposes to reform the taxation of UK
The International Monetary Fund (IMF) has recommended a series of tax reforms in the UK, including a complete overhaul of the system of property taxation.
29.07.2014
EU toughens sanctions against Russia
The European Union (EU) has reached an agreement to tighten sanctions against the Russian Federation.
25.07.2014
CBR raises key rate
On the 25th of July the Board of Directors of the Central Bank of Russia (CBR) has decided to increase the key rate to 8.00% per annum.
24.07.2014
ECB contacts information is stolen
European Central Bank (ECB) announced that from its web site information containing e-mails and other contact information of the bank contacts was stolen.
23.07.2014
The activity of Cypriot branch of FBME Bank Ltd is suspended
A short announcement published on the web-site of the Central Bank of the Republic of Cyprus said that the ability of the Cypriot branch of FBME Bank Ltd to follow its obligations is suspended for 2 days starting with afternoon of 23rd of July, 2014.
22.07.2014
Personal data of Russians shall be stored only in Russian Federation
President of Russian Federation signed Federal law from 21.07.2014 №242-FZ “On amendments to the certain legal acts of Russian Federation for the purpose of specifying processing of personal data in in information and telecommunications networks”.
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