Жаңалықтар

The Parliament of Georgia adopted the Law # on Changes to the Tax Code of Georgia #6815-RS from 14 July 2020.

The simplified tax system has been the most popular preferential tax treatment for several million taxpayers for many years.

President Vladimir Putin signed law No. 291-FZ of 31.07.2020, which establishes the obligation of residents to report on the movement of not only cash, but also other financial assets on accounts in foreign banks and other financial market organizations.

The Decision #294 of the Cabinet of Ministers of the Republic of Azerbaijan dated August 15, 2020 proclaims the measures to change quarantine restrictions in the cities of Baku, Sumgayit, Ganja, Yevlakh, Masalli, Jalilabad and Mingachevir, as well as Absheron, Barda, Salyan, Khachmaz, Goranboy and Goygol districts.

On 31 July 2020, on the official web portal of legal information http://www.pravo.gov.ru, the federal law No 265-FZ ‘On Amendments to Part Two of the Tax Code of the Russian Federation’ was published and constituted.
By sub-clause 2 of Article 1 of the law 265-FZ, Article 207 of the Tax Code is supplemented with sub-clause 2.2. Despite the fact that the law 265-FZ was put into force on 31 July 2020, the provisions of clause 2.2 of Article 207 of the Tax Code of the Russian Federation apply to legal relations that arose from 1 January 2020.

The Republic of Cyprus has agreed to a new double taxation agreement (DTA) with Russia and is ready
to raise the withholding tax increase to 15% for dividends and interest. This was announced on August
10 by the Ministry of Finance of the Russian Federation.