UK government published “Transparency and trust: enhancing the transparency of UK company ownership and increasing trust in UK business - discussion paper” which sets out a range of proposals to enhance the transparency of UK company ownership and increase trust in UK business.


Vladimir Putin has signed the Federal Law "On Amendments to parts one and two of the Tax Code of the Russian Federation and to certain other legislative acts of the Russian Federation, and the repealing of certain provisions of legislative acts of the Russian Federation".


4 July 2013 Ukrainian Parliament has ratified agreement for the avoidance of double taxation and preventing income tax evasion and its protocol with Cyprus. 


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

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