News

Legislative Assembly of Panama has approved Law No. 28 increasing the incorporation fee for Panamanian companies, and incorporation and annual fees for private interest foundations

Dear Clients and Partners!

Due to celebration of International Labor Day and then Victory Day in World War II  in Russia and Ukraine, our offices will be working as follows:

• Moscow and St.Petersburg offices (Russia): Saturday 28 April – working day, 29-30 April and 1 May – office closed, Saturday 5 May - working day, 6-9 May - office closed, Saturday 12 May - working day.
• Kiev office (Ukraine): Saturday 28 April - working day, 29-30 April and 1,2,9 May - office closed.

 During the holidays season you can address your urgent questions to info@dsexpress.com. We will do our best to reply you as soon as possible.

Swiss Parliament has recently started to implement the latest Financial Action Task Force (FATF) revisions of international standards for combating financial crime.

According to the statement of Swiss president and minister of finance, negotiations with the USA regarding resolving the issue of nonpayment of tax on the American citizens’ Swiss bank accounts are locked-up.

German State Secretary for Foreign Affairs Emily Haber and Dutch State Secretary for Finance Frans Weekers have recently signed in a new double taxation agreement between the two countries, replacing the existing agreement signed in 1959.

The State Duma together with the Accounts Chamber is planning to return to the Civil Code draft the provisions, which oblige offshore companies doing business in Russia to disclose their beneficiaries' details.

In February this year the revised international anti-money laundering standards were adopted by the Financial Action Task Force (FATF). In the light of this event the EU Third Anti-Money Laundering Directive should be revised.

Last month the European Commission presented for the Parliament’s consideration the proposal for a Directive on the freezing and confiscation of proceeds of crime in the European Union.

Russian Federal Tax Authority intends to introduce a new tax on payments to offshore companies.

The Russian Ministry of Finance and the Federal Tax Authority have starter to draft the document which defines the framework of Russia’s participation in the US Foreign Account Tax Compliance Act (FATCA).