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12.01.2024
Universal reporting: third stage
Starting from January 1, 2024 the third stage of universal declaration started in Kazakhstan. Below you may find information on who and how is obliged to submit declarations in this regard.
Review of amendments to the List of goods for which import VAT can be paid by offset method
On November 29 of the current year, the Ministry of National Economy submitted for discussion a draft Order "On Amendments to the Order of the Acting Minister of National Economy of the Republic of Kazakhstan dated February 21, 2018
14.12.2023
Liability for processing personal data without a consent and for violation of the requirements with respect to biometric personal data
The Code of Administrative Offences of the Russian Federation (the Administrative Code) has been amended in terms of liability for processing personal data without the consent of the subject and for violating the requirements for posting and updating biometric personal data in the "Unified System of Identification and Authentication of Individuals using Biometric Personal Data"
Mandatory "assets and liabilities" declaration from 2024 for executives, business owners and their spouses
From January 2024, the III stage of universal declaration in the Republic of Kazakhstan will be introduced, within the framework of which "Declaration of assets and liabilities" must be submitted by managers, founders (participants) of legal entities, individual entrepreneurs, as well as their spouses.
24.11.2023
Regulation of renewable energy in Mongolia
Renewables Readiness Assessment of Mongolia prepared jointly by the International Renewable Energy Agency (IRENA) and the Ministry of Energy of Mongolia, finds that electricity output from the country’s solar and wind resources alone could reach 15,000 terawatt-hours (TWh) per year, the equivalent of more than 18 million tonnes of avoided coal.
Mongolian Mining Industry 2023
Mongolia is in the heart of the Central Asian Orogenic Belt located between the East European, Siberian, North China, and Tarim cratons, and is considered the largest area of Phanerozoic continental crustal growth. Mongolia is a favorable environment for medium and long-term foreign direct investment (FDI) for its vast natural resources, wide agricultural potential, and its geographical location neighboring countries that are major Asian markets.