28.08.2020
The current tax legislation provides various forms of support for organizations whose activities are aimed at developing infrastructure, supporting cultural institutions, social non-profit organizations, etc. One form is the application of an investment tax deduction.
International Arbitration 2020: Uzbekistan
Arbitration is becoming more and more popular in Uzbekistan as an alternative to litigation. With adoption of the Arbitration Law in 2006, the number of arbitration tribunals established in Uzbekistan reached 247 in 2020. One of the most active is a network of arbitration courts under Chamber of Commerce and Industry of Uzbekistan (CCI).
Tax changes for IT companies. What's new?
On 31 July 2020, the President signed the federal law No 265-FZ ‘On Amendments to Part Two of the Tax Code of the Russian Federation’
Naphtyzinum: ‘Soviet’ Trademark or Public Interest?
In Kazakhstan’s judicial practice there are growing disputes related to the early termination of legal protection for trademarks that have come into common use for the designation of goods of a certain type by virtue of Article 6.1.1 of the Law of the Republic of Kazakhstan 'On Trademarks, Service Marks and Appellations of Origin of Goods' No. 456-I, dated 26 June 1999 (hereinafter - the 'Trademark Law').
Russia denounced agreement for avoidance of double taxation with Cyprus
Implementing the instruction of the President of the Russian Federation on the adjustment of agreements to avoid double taxation (AADT) the Ministry of Finance of Russia held talks with the Ministry of Finance of Cyprus, but the agreement never came.
News in the Medicines Price Regulations and Medicines Advertising Rules
As outlined in our earlier Overview of main developments in pharmaceuticals regulations of Kazakhstan in 2019, as a result of steady dynamic of medicines prices, we observe the same dynamic in continuous changes of legislative framework governing the pricing of medicines.