On 16 Dec 2014 European Parliament and European Council agreed on the fourth anti-money laundering directive due to which EU member states will be obliged to maintain central registers listing information on the ultimate beneficial owners of corporate and other legal entities, as well as trusts.


On 12 December 2014 deputies of the RF State Duma adopted in the third reading the draft federal law #552755-6 “On Amendments to Certain Legislative Acts of the Russian Federation on combating corruption.”


On 4 December 2014 the British Virgin Islands Financial Services Commission announced that it can now issue electronic certificates of Good Standing.



Russia’s President Vladimir Putin in his annual address to the Federal Assembly has proposed a one-off exemption from tax and criminal liability for Russian individuals and businesses provided they return to the country the capital previously moved out in foreign jurisdictions without payment of applicable withholding taxes in the RF.


Deputies of the State Duma approved in the third reading the federal law #316841-6 «On introduction of changes into certain legislative acts of the Russian Federation."


29 October 2014 the new standard on automatic exchange of information represented by the Organization for economic cooperation and development (OECD) in 2013 was endorsed by 51 jurisdictions in the annual meeting of the Global Forum of Transparency and Exchange of Information for Tax Purposes in Berlin.



Please note that our offices in Moscow and St.Petersburg will be closed on 1-4 November 2014 due to the public holiday in Russia.

We will re-open on Wednesday 5 November. 

While we are out of offices, you can send your urgent questions via email to We will do our best to reply ASAP.


Russian government has approved the draft law on taxation of profits of controlled foreign companies, introduced last week by deputies. 


On October 24 this year in Dublin representatives of tax authorities, members of the Forum on Tax Administration (FTA), including a member of the forum, the Federal Tax Service (FTS), presented a communiqué describing the measures to improve fiscal control. 


On 14 October 2014 Switzerland and the EU have signed a joint statement on business taxation thereby putting an end to a bilateral controversy which had place for many years. 

© 1997—2014 DS Express, Inc

84, Spyrou Kyprianou, 

2nd floor, Limassol 4004


tel +357 25 731-042


11 Solzhenitsyna Street

Moscow 109004 Russia

tel +7 495 956-1727

fax +7 495 234-0735

15 Kreshchatik Street, office 149

Kyiv 01001 Ukraine

tel +38 044 237-2222

fax +38 044 278-6714


52 Angliyskaya Emb., office 28

St.Petersburg 190000 Russia

tel +7 812 570-1564

fax +7 812 325-723

More contact details and office maps can be found in the section Contacts

© 2015 DS Express Ltd  All rights reserved