Dear Clients and Partners,

please note that our Moscow and St.Petersburg offices will be closed on 12 June 2013 due to the Public holiday in the Russian Federation - Day of Russia.


Liberal Democratic Party of Russia (LDPR) members introduces the anti-offshore proposal in the State Duma offering to fight deoffshorization of Russian business with radical administrative measures.


The State Duma adopted in the second reading the draft bill "On amendments to some legislative acts of the Russian Federation in terms of combating illegal financial transactions," which, according to experts, can greatly complicate the life of  businessmen, the newspaper "Kommersant" said.


The State Duma of the Federal Assembly of the Russian Federation has ratified agreement signed in Abu Dhabi on December 7, 2011 between the Russian Federation and the United Arab Emirates for the avoidance of double taxation of investments of both states and their financial and investment organizations.


On 22 May 2013, the EU summit was held in Brussels. The European leaders have committed themselves to agree by the end of this year the procedure of automatic exchange of information involving disclosure of information on account holders (the agreement on which was reached in 2008) and also the information on corporate taxes.


Accounts Chamber of the Russian Federation proposes to introduce "offshore" tax on foreign trade operations between Russian producers and companies registered in low-tax jurisdictions.


The eighth Forum on Tax Administration OECD was first held in Moscow on 16 - 17 May 2013


The European Commission is to prepare legislative proposals for exchange of information on bank accounts to limit bank secrecy as much as possible.



New amendments concern Corporate Tax and Special Defence Contribution


The government of Russian Federation and the government of Malta have signed the Agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.

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