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. 


The Swiss Federal Council has started a consultation on changes to the flat-rate tax credit to relieve permanent establishments of companies that are located in Switzerland double tax for.

The proposed change attributes to permanent establishments in Switzerland that are part of a company domiciled in a country with which Switzerland has signed a double tax agreement (DTA).


Federal Service for Financial Monitoring developed a new draft law "On Amendments to the Federal Law 115-FZ " Concerning the Counteraction of the Legitimization of Proceeds of Crime and the Financing of Terrorism", which may oblige banks to reveal information about foreign legal entities (trusts and similar entities established in accordance with the laws of a foreign country) and their beneficial owners.


On September 16, 2014 the OECD has released its first recommendations for realizing the Action Plan on Base Erosion and Profit Shifting (BEPS) designed to combat schemes used by multinational enterprises for lowering tax base and shifting profits.  


Recently, the State Duma of the Russian Federation reviewed a draft law on ratification of the OECD Convention on Mutual Administrative Assistance in Tax Matters, which was signed by Russia at the summit G20 in November 2011. 

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