News

News

16.01.2014

On 10 January 2014, the USA and Italy signed an Intergovernmental Agreement (IGA), on the basis of a Model 1 template, in order to implement the Foreign Account Tax Compliance Act (FATCA).

15.01.2014

On October 2013 a draft law submitted to the Parliament by the former government transposing the Article 8 of EU directive 2011/16/EU of 15 February 2011 on administrative cooperation in the field of taxation (“EUACD”) into Luxembourg tax legislation. 

14.01.2014

Uniform Customs Code entered into force on 30 October 2013,but its substantive provisions will apply only on 1 May 2016, and would replace the current Community Customs Code.

13.01.2014

In Gibraltar, recently enacted legislation amends the income tax treatment of royalties. The changes made to the Income Tax Act 2010 are effective 1 January 2014.

10.01.2014

The Double Taxation Agreement between the UK and China, which was signed in London on 27 June 2011, and the Protocol signed in Beijing on 27 February 2013, entered into force on 13 December 2013

10.01.2014

Russian Prime Minister Dmitry Medvedev instructed the Ministry of Finance of Russia and Russian Economic Development and Trade Ministry to prepare draft bills introducing changes to Russian legislation, providing for the taxation in Russia of income of companies, located in an offshore jurisdiction and not distributing their income received in favor of Russian persons controlling such companies, that follows from the Order posted on the website of the Government of the Russian Federation.

09.01.2014

Kazakhstan became the 64th signatory of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, signed by the government in support of efforts to combat international tax avoidance and evasion.

09.01.2014

On 25 December 2013 the Cabinet of Ministers of Ukraine approved a list of low tax jurisdictions where the corporate income tax rate is five or more percentage units less than that applied in Ukraine, i.e. 14% and less in 2013, in 2014 - 13% and less, in 2015 - 12% and less and in 2016 - 11% and less (under Law № 713-VII passed on 19 December 2013 it is provided that the corporate income tax rate is decreased from 19% to 18% (beginning 1 January 2014) with further decreases to 17% (beginning 1 January 2015) and to 16% (beginning 1 January 2016).

Moldova, Georgia, Cyprus, Malta, the United Arab Emirates, Ireland, Switzerland and 66 other jurisdictions are included to the list that will be applied for identification of controlled transactions for transfer pricing purposes.

26.12.2013

Dear Clients and Partners,

please note that due to celebration of New Year 2014 and Orthodox Christmas our offices will be working as follows:

Moscow and St.Petersburg (Russia):

  • 31 Dec 2013 till 8 Jan 2014 – offices closed
  • 9-10 Jan 2014 - regular working days
  • 11-12 Jan 2014  – regular weekend, office closed
  • 13 Jan - reopen

Kyiv (Ukraine):

  • 31 Dec 2013 till 7 Jan 2014 – offices closed
  • 8-10 Jan 2014 - regular working days
  • 11-12 Jan 2014  – regular weekend, office closed
  • 13 Jan - reopen

 

We wish you a very Merry Christmas and a Wonderful New Year 2014!

23.12.2013

On 18 November 2013, the Hungarian Parliament accepted the tax law changes for 2014 to be effective as of 1 January 2014. 

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