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.


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.


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).


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 We will do our best to reply you as soon as possible.


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. 



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.


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.




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.


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


An agreement for the exchange of tax information (TIEA) between the British Virgin Islands and Canada, signed in May 2013, entered into force on 11 March 2014.

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