News

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.

Malta's tax authority released a guidance note clarifying the tax treatment of fees received by non-resident directors from the companies resident in Malta.

New European Union value added tax will enter into force from January 2013. These rules will make life simpler for businesses.

Lithuania's Prime Minister has announced that the country will sign up to the EU's Financial Transaction Tax in 2013

Luxembourg’s Finance Minister has announced plans to sign an inter-governmental agreement between Luxembourg and the United States, implementing the Foreign Account Tax Compliance Act (FATCA), in 2013