News

News

14.05.2014

A Bill providing for the establishment of a “Unified Single Tax Authority” which will deal with all tax issues in the country has been recently submitted to the Cyprus Parliament and is expected to be examined in the coming weeks.

New tax authority will succeed to the powers of the Cyprus Income Tax Authority and the Cyprus VAT Authority while the last two fiscal bodies are to be abolished.

The Cyprus government believes that such unification will contribute to a more efficient customer service.

12.05.2014

Russian Government has approved amendments to model double tax agreement (DTA).

The document expounds the meaning of the terms “person” and “company” and introduces the concept of “business” (any entrepreneurial activities).

Changes affected the article 6 of Russian Model DTA regulating taxation of the income earned on using real estate. From now on these provisions also cover the profit on immovable property obtained by the business.

It is evident that Russia’s Ministry of Finance plan to prepare new model DTA and to revise those in force is in the development stage yet.

08.05.2014

New details of a national plan to combat money laundering, tax evasion, offshore tax evaders were received. This deoffshorisation strategy was prepared by the Federal Service for Financial Monitoring and recently approved by the Russia’s Government.

05.05.2014

Russia’s Ministry for Economic Development published draft amendments to fiscal legislation and regulation of the activity of the Bank for Development and Foreign Economic Affairs (Vnesheconombank).

30.04.2014

Dear Clients and Partners!

Due to celebration of International Labor Day and then Victory Day in World War II  in Russia and Ukraine, our offices will be working as follows:

  • 1-4 May - offices closed,
  • 5-8 May - working days,
  • 9-11 May - offices closed.  

During the holidays season you can address your urgent questions to info@dsexpress.com. We will do our best to reply you as soon as possible.

03.04.2014

On 28 March 2014, the UK government published long awaited consultation paper with details of its plans to extend capital gains taxation (CGT) on non-UK residents who dispose their UK residential property. This tax measure was previously announced in the Chancellor of the Exchequer’s Autumn Statement speech in December 2013 and then confirmed in the UK budget for 2014. 

 

02.04.2014

On 02 April 2014 the European Parliament gave strong backing to the Commission's proposal to revise the Parent-Subsidiary Directive (Proposal) in the context of the fight against tax fraud and evasion and aggressive tax planning in the Europe.

28.03.2014

The Government of the British Virgin Islands announced the conclusion of negotiations with the United States on a Model 1 Intergovernmental Agreement (IGA) under the US Foreign Account Tax Compliance Act (FATCA), paving the way for its imminent signing and implementation in Territory.

 

 

27.03.2014

The protocol amending the DTA in the area of taxes on income and on capital concluded between Switzerland and Kazakhstan entered into force on 26 February 2014 and will be applicable from 1 January 2015.

21.03.2014

The Russian Ministry of Finance has submitted the Controlled Foreign Companies (CFC) draft law for public discussion.

© 1997—2014 DS Express, Inc

84, Spyrou Kyprianou, 

2nd floor, Limassol 4004

Cyprus

tel +357 25 731-042

info@dsexpress.com

 

11 Solzhenitsyna Street

Moscow 109004 Russia

tel +7 495 956-1727

fax +7 495 234-0735

info@dsexpress.com

15 Kreshchatik Street, office 149

Kyiv 01001 Ukraine

tel +38 044 237-2222

fax +38 044 278-6714

kiev@dsexpress.com

 

52 Angliyskaya Emb., office 28

St.Petersburg 190000 Russia

tel +7 812 570-1564

fax +7 812 325-723

spb@dsexpress.com

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

© 2015 DS Express Ltd  All rights reserved