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.
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.
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.
Amendments and additions to the Tax Code of the Republic of Uzbekistan
In the light of the adoption of the Law “On introduction of amendments and additions to the Tax Code of the Republic of Uzbekistan” No. ZRU-599 dated 30 December, 2019, a new edition of the Tax Code was adopted.
Kazakhstan has ratified the Convention on avoidance of double taxation with Cyprus
On 30 December 2019 the Republic of Kazakhstan has ratified the Convention on avoidance of double taxation with Cyprus and the Protocol thereto (hereinafter – the ‘Convention’).
The Supreme court of the Russian Federation did not cancel the Statute of limitations on tax crimes
In June this year, the plenum of the Supreme court of the Russian Federation discussed the draft resolution on tax crimes. It was proposed to count the statute of limitations from the moment of full payment of taxes. Therefore, as long as there is a tax debt, the crime does not end and the statute of limitations does not begin. The existence of this provision de facto abolishes the statute of limitations for such crimes.
On The Practice Of Application By The Courts Of The Legislation On Responsibility For Tax Crimes
The Resolution includes issues of the effect of acts of legislation on taxes and fees over time, the subject composition of tax crimes, the procedure for calculating large or especially large amounts of tax evasion, fees, insurance premiums, duties and responsibilities of tax agents, which evidence confirms the presence or absence of evidence of elements of tax crimes, etc.
Review of Precedents in Appealing against Decisions of Customs Authorities
Disputes between importers and customs authorities are complex cases. The implementation of electronic declaring and a risk management control system, as well as a change in the approach of customs control led to an increase in customs audits of participants of foreign economic activity, and, consequently, to an increase in the number of customs disputes.
Organizational Confidentiality in Mongolia
Legal environment of Mongolia on Organizational confidentiality: Where the legal confidentiality environment is well established in a fairly competitive marketplace, business organizations are crucial in helping to build their own strengths, characteristics and colors.