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Tax and customs benefits for EXPO-2017 participants
The Agreement on benefits and exemptions for official participants connected with performance of the International specialized exhibition EXPO-2017 in Astana[1], the Rules on performance of tax obligations by persons entitled to benefits and exemptions in accordance with the Agreement[2], effective 17 June 2017, as well as the Rules on application of special customs procedure[3] provide for separate tax and customs regimes for EXPO-2017 participants.
Russia lifts several sanctions against Turkey
The Decree No. 244 dated 31 May 2017 of the President of Russian Federation abrogated the following economic measures against Turkey
Legislation of the Republic of Kazakhstan on Support for Use of Renewable Energy Sources
In Strategic Development Plan of the Republic of Kazakhstan until 2020, it is noted that one of the directions for successful diversification of the economy is the introduction of modern technologies based on renewable resources and energy sources.
Clarification of the State revenue committee on refund procedure of excess value added tax within the framework of risk management system
Please be informed that the State revenue committee of the Ministry of Finance of the Republic of Kazakhstan (hereinafter – the ‘Committee’) provided a clarification in its Letter[1] on refund procedure of excess value added tax (hereinafter – ‘VAT’) within the framework of risk management system (hereinafter – ‘RMS’).
30.05.2017
Client note: Main changes in the customs law of Kazakhstan
The Decision No. 46 dated 11 May 2017 of the College of the Eurasian economic union introduced changes to the ‘Procedure of introduction of amendments and (or) additions to the declaration on goods’.
Google paid a fine for the violation of antitrust law in Russia
The trial that lasted over two years in connection with the violation by Google of Russian antitrust law resulted in the conclusion in April 2017 of a settlement agreement with the Federal Antimonopoly Service (FAS Russia).