In the Letter № 03-01-18/7-134 as of 01.10.2012 the Ministry of Finance of Russian Federation clarified that for recognition of persons as related the influence, which is exerted due to participation of one person in the capital of another person/entity in accordance with the agreement signed or due to another opportunity to determine other persons decisions, to be taken into accounts


Germany and Singapore have agreed to sign a Protocol amending the existing double taxation agreement between two countries, initially signed in 2004


Recently in Bern Switzerland and Turkmenistan have held talks on plans to intensify bilateral economic relations between two countries, which have been over with the signing of a double taxation agreement


Last week the European Commission has issued a new taxation paper named ‘Tax Reforms in EU Member States’. The document prepared by the Directorate General for Taxation and Customs Union and the Directorate General for Economic and Financial Affairs covers the taxation issues the European Union member states have faced with in 2012


In the beginning of October the Danish government presented to the parliament a bill containing measures to prevent the circumvention of Danish and foreign taxation


The Budget and Taxation Committee has proposed Russian Duma to approve in the first reading the amendments to the Russian Tax Code and to the Law ‘On Securities Market’, helping to resolve the issue of double taxation of the foreign investors


The Guernsey Financial Services Commission proposed to increase company fees will from 2013 in order to meet the rising costs of regulating the financial sector


Singapore, 9 October 2012. The Monetary Authority of Singapore (MAS) has issued a consultation paper on the designation of tax crimes as money laundering (ML) predicate offences in Singapore


The Governor of the Moscow Region Sergey Shoygu received approval for enactment of the duty for land transfer from the agricultural category to another category with a rate of 30 % of the cadastral cost, also the land tax and the land non-cultivation fines were approved for increase


The United Nations has released the draft text of the Transfer Pricing Practical Manual for Developing Countries prepared for the meeting on October 15, 2012

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