News

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

Armenia's National Assembly is considering a package of tax reforms for businesses, including introduction of the simplified filing rules, a new turnover tax instead of the profit tax, and measures against tax evasion

The Swiss Federal Council has announced enhancement of due diligence requirements for preventing banks and other financial intermediaries from accepting untaxed assets

The Liechtenstein government intends to negotiate double taxation agreements with the country’s economically and strategically important partners in 2013