Jurisdictions news

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

28.05.2012 IMF offers to the authorities of Ukraine to strengthen tax burden on the rich people!
International Monetary Fund (IMF) recommended to the Ukrainian authorities to take measures to retain the state budget deficit in order to meet the government’s 1.8 percent of GDP

25.05.2012 European Parliament adopts ambitious approach on financial transaction tax
On the 25th May, 2012 deputies of Euro Parliament supported the introduction of financial transaction tax in the EU

24.05.2012 Affiliation in tax dispute was not appeared
On the 15th May 2012 Federal Arbitration Court of Ural District made a final decision in the tax dispute between tax authorities and retail trade system “Monetka”.

24.05.2012 The list of holidays in June, 2012, in different countries exept weekly off days
Dear client! We provide you information concerning holidays schedule in banks in June, 2012.

23.05.2012 The amendments in tax legislation
On Monday 21st May 2012 the Finance Committee of the House of Representatives Cyprus discussed and approved the amendments to the tax legislation

22.05.2012 Latvia confirmed the reduction in tax in 2012-2015
Recently Saeima of Latvia almost unanimously approved amendments to the tax legislation proposed by government reducing the value added tax (VAT) and the personal income tax in the first reading

21.05.2012 Duma refused to revoke bank secrecy for individuals
The Budget and Tax Committee of the State Duma has rejected a bill proposed by Ministry of Finance of the Russian Federation

18.05.2012 Has the USA the “Afghan campaign” in mind again?
On 17th May 2012 the House of Representatives of the Senate approved the continuation of the “Afghan campaign”

17.05.2012 Will early Parliamentary elections save Greece?
On 17th June 2012 Greece will hold new early Parliamentary Elections.

16.05.2012 FACEBOOK – a new record in making a debut at the market.
A well-known Internet-company Facebook Inc., being the owner of the biggest worldwide social networking website, will increase the size of an up-coming IPO by 25 %.

15.05.2012 Leading Hong Kong Banks will raise interest rates and fees for credit cards from July
This comes just a month after the rollout of the third stage of reforms to improve disclosure and other practices undertaken by the Hong Kong Monetary Authority in conjunction with the Hong Kong Association of Banks.

14.05.2012 The first steps to the Reform of the European Tax System. Financial Transaction Tax.
On May 4, 2012 the European Commission published at its official site seven expository documents, clarifying  a  stage by stage system of implementation of a tax imposed on the financial transactions in to the European tax system.

12.05.2012 Vacation in Turkey is doubled.
On April, 2011 a bilateral inter-governmental agreement came into force on reciprocal travels of citizens.

11.05.2012 The Inland Revenue Department of Cyprus began to examine its taxpayers.
“Recently, the new amendments to the Law on personal data were submitted to the Parliament of Cyprus for consideration, allowing  the  Inland Revenue Department ( IRD) to use all available data about a taxpayer without coordination with the Personal Data Commissioner.