Measures to support participants in foreign economic activity
in connection with the declaration of the state of emergency
in Kazakhstan
In connection with the declaration of the state of emergency in Kazakhstan, the Government has been taken the measures regarding customs regulation
New EAEU Decisions Adopted in Connection with the Distribution
of COVID-19
On 27 March 2020 the Eurasian Economic College and Council adopted the decisions in connection with the distribution of COVID-19
Pandemic, taxes and bankruptcy in Russia.
What to expect and what to get ready for?
The rapid spread of the new COVID-19 virus on the planet makes the government develop measures not only to combat the spread of its manifestations in the sanitary and epidemiological area but also prevent its negative impact on the economic and social aspects in the society.
Measures to support taxpayers in a view of imposing the state of emergency in Kazakhstan
In addition to the previous review please be informed that on 21 March 2020 was published the Decree of the Republic of Kazakhstan dated 20 March 2020 No.126 «On measures to implement the Decree of the President of the Republic of Kazakhstan dated March 16, 2020 No. 287»
Measures to support taxpayers in a view of imposing the state of emergency in Kazakhstan
In a view of imposing the state of emergency in the country from 16 March to 15 April 2020 on 17 March 2020 the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan announced that the following measures have been taken to support taxpayers for this period.
Enactment of the new rules on issue of accompanying notes is postponed until 1 July 2020
As follows from our previous alert, the new rules on issue and circulation of accompanying notes in respect of goods were published on 31 December 2019. According to these rules the biofuel suppliers would have been obliged to issue the accompanying notes effective 1 January 2020.
Practical aspects of application of the Multilateral Instrument in Kazakhstan
On February 6, 2020, the Parliament of Kazakhstan ratified the Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent Base Erosion and Profit Shifting (“MLI”). Provided that the President of Kazakhstan signs the law on ratification in 2020, it is expected that the MLI’s provisions on withholding taxation will become effective from January 1, 2021.
Doing Business in Mongolia
Tremendous mineral reserves, agricultural endowments, and proximity to Asia’s vast markets make Mongolia an attractive destination for medium- to long-term foreign direct investment (FDI).
On the Decision of the Eurasian Economic
Commission about provision of documents
confirming the origin of cash
The Decision of the Board of the Eurasian Economic Commission dated 6 August 2019 No. 130 On provision of documents confirming the origin of cash and (or) cash instruments (hereinafter – ‘Decision’) came into effect on 4 February 2020.
Note on the Law of the Republic of Uzbekistan
“On Investments and Investment Activities”
On December 25, 2019, the Law of the Republic of Uzbekistan No. ZRU – 598 “On Investments and Investment Activities” (the “Law”) was adopted, which has entered into force on January 27, 2020. The Law covers all basic principles envisaged at all stages of investments and investment activities in relation to both domestic and foreign investors.
Changes to the Decisions
of the Board of the Eurasian
Economic Commission
A number of Decisions of the Board of the Eurasian Economic Commission related to the customs declaration on goods comes into effect on 1 February 2020.
What legislative changes are
expected to small businesses
in Russia in 2020?
In 2020, a considerable number of changes are planned that will affect entrepreneurs and small companies. For small businesses, it is expected to increase insurance premiums for individual entrepreneurs, and cancel preferential regimes for the sale of certain goods.