Belarusian Parliament presents a draft law with amendments to the Tax Code, covering e-VAT payment monitoring, new rates, and more
On October 4, 2023, the Government of Belarus submitted a draft Law "On Amendments to the Tax Code of the Republic of Belarus" to the lower chamber of the Belarusian Parliament.
The GRATA International Kazakhstan Tax Law team has been recognized by the prestigious International Tax Review (ITR) World Tax 2024 rating
GRATA International confirmed its reputation as one of the key players in Kazakhstan in tax practice and was ranked in Tier 2.
Tax control and appealing its results in the GRATA International
We are pleased to present you a new brochure on "Tax control and appealing its results in the GRATA International". Our colleagues from offices in Belarus, Georgia, Kazakhstan, Turkey, Moldova, Mongolia, Russia, Georgia, Kazakhstan, Turkey, Russia and Uzbekistan participated in the creation of the brochure.
Presidential decree on suspension of certain provisions of international tax treaties of the Russian Federation published
On 15.03.2023 the Ministry of Finance of Russia and the Ministry of Foreign Affairs of Russia made a proposal to the President of the Russian Federation to issue a decree on suspension of double taxation agreements with all countries that have imposed unilateral economic restrictive measures against Russia. The said agreements were proposed to be suspended until Russia's violated rights were restored.
Uzbekistan takes measures to improve the investment and business environment in the Republic of Karakalpakstan
The President of the Republic of Uzbekistan signed the Law “On introduction of amendments to some legislative acts of the Republic of Uzbekistan aimed at improving the investment and business environment in the Republic of Karakalpakstan” № ЗРУ-845 dated 12 June 2023 (the “Law № ЗРУ-845”).
In Belarus, residents of EEU member states will have to pay VAT on services rendered in electronic form
On May 5, 2023 Belarus ratified the Protocol amending the EEU Treaty on the procedure for levying indirect taxes when rendering services in electronic form. The Protocol extends the EEU Treaty with provisions on the taxation of entities when rendering services in electronic form and approves the procedure for levying value-added tax when rendering services in electronic form (hereinafter - VAT levying procedure).
On April 12, 2023, Legal 500, a global legal directory, released its rankings of leading law firms and lawyers in Europe, Middle East and Africa - Legal 500 EMEA 2023. The rankings reveal that GRATA International has maintained its success from the previous year, with strong rankings in Azerbaijan, Georgia, Kazakhstan, Tajikistan and Uzbekistan.
The Belarusian office of GRATA International law firm is pleased to welcome you to the pages of our business guide, dedicated to the legal overview of investment opportunities in Belarus.
Uzbekistan takes measures to support business
In accordance with the Resolution of the President “On measures to support business entities to reduce the negative impact on the economy of a sharp drop in air temperature” No. ПП-43 dated February 3, 2023 (the “Resolution No. ПП-43”), business entities will be given the opportunity to pay tax debts that have increased (formed) as of February 1 in relation to January 1, 2023, in installments in equal shares (from March 1 to July 1, 2023) without accruing interest, setting additional conditions and requiring security.
Business entities operating in Samarkand will be provided with benefits
The Resolution of the President of the Republic of Uzbekistan “On additional measures for the effective use of the tourism and transport potential of the Samarkand region, the development of the region based on the concept of “Samarkand is the tourist gate of New Uzbekistan”
On Approval of the Regulations on the Procedure for Registration of Inspections of Business Entities Conducted by Law Enforcement Agencies and Tax Authorities
In order to eliminate unreasonable interference of state bodies in the activities of business entities, strengthen their legal protection, create a favorable business and investment environment, counteract the manifestation of corruption risks during inspections by law enforcement agencies and tax authorities
Amendments were made to the Tax Code regarding regulation of activities of residents of the countries with preferential tax regime
According to paragraph 10 of Article 22.214.171.124-1 of the Tax Code, transfer of net income of the permanent establishment of non-resident located in the countries or territories with preferential tax regime to the account of this non-resident will not be considered as income from Azerbaijani sources