From January 01, 2013 the Ukrainian corporate income tax rate is reduced from 21% to 19%. Some experts believe it will attract more investments to the country


Liechtenstein’s Prime Minister Klaus Tschütscher will hold talks with key officials from the Austrian chancellery and the finance ministry regarding a bilateral tax agreement between two countries


According to Singapore’s Trade and Industry Minister, the country’s government takes measures to stimulate more economic activities and to keep its tax regime competitive


Hong Kong kept its position as the world’s freest economy for the 19th consecutive year, according to the 2013 Index of Economic Freedom


The Switzerland’s Federal Council approved the 2012 Foreign Economic Policy Report, placing bilateral relations with the European Union at the center of the country’s foreign policy


The Guernsey Registry began accepting applications for the formation of foundations on January 09, 2013, after the UK Privy Council approved the relevant legislation in 201~� lh� � recent announcement says that the government needs more time to study the possible effects of the tax.


The plans for a financial transactions tax introduction are due to be agreed at the upcoming meeting of European Union finance ministers on February 12 


The new Ukrainian property tax came into force on January 01, 2013. It affects 28 mln housing facilities, and the government expects to derive revenue amounting to UAH 75 mln from that tax during 2013


Due to celebration of New Year 2013 and Orthodox Christmas our offices will be working as follows:

  • Moscow and St.Petersburg offices (Russia): closed from 29 December 2012 till 08 January 2013. Reopen for business from 9 January 2013
  • Kiev office (Ukraine): closed from 29 December 2012 till 01 January 2013 and also from 5 till 7 January 2013, with 2-4 January 2013 - working days respectively.

We wish you a Merry Christmas and a Wonderful New Year 2013!


In its latest study, the Institute on Taxation and Economic Policy (ITEP) made a forecast that 2013 will be a watershed year regarding tax reforms. The lawmakers across the USA intend to enact reforms that would help their states to collect more revenue.

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