Amendments to the legislation of the Republic of Azerbaijan in connection with the provision of tax and other benefits to persons engaged in activities in the field of information technology
From 1 January 2023 a number of amendments to the legislation of the Republic of Azerbaijan in connection with the provision of tax and other incentives to persons engaged in activities in the field of information technology will take effect.
Amendments to the legislation of the Republic of Azerbaijan establishing tax and other incentives in relation to activities in the liberated territories of Azerbaijan will take effect
From 1 January 2023 a number of amendments to the legislation of the Republic of Azerbaijan establishing tax and other incentives in relation to activities in the liberated territories of Azerbaijan will take effect
Tax system in the Republic of Moldova
The Republic of Moldova has a very attractive tax system compared to many European Union countries. The Tax Code of the Republic of Moldova provides that legal entities pay Corporate Income Tax in the amount of 12% of taxable income (general taxation system).
Amendments to the Tax Code of the Republic of Kazakhstan
On 12 July 2022 a number of amendments to the Tax Code of the Republic of Kazakhstan (the ‘Tax Code’) was introduced. Below you may find the most significant of them, which with certain exceptions come into effect on 1 January 2023.
General aspects regarding the VAT regulation in the Republic of Moldova
This tax is of major importance not only for the state, as the main source of budget revenues, but also for VAT payers. In general, VAT administration is a complex thing and involves increased effort and attention for entrepreneurs. Another important aspect of that tax is the nature of its recovery. The possibility of recovering VAT is an important tool in managing a business because it has an important share in the costs of the products and services provided.
Amendments to the legislation in the Republic of Azerbaijan
The Law of the Republic of Azerbaijan “On making amendments to the Tax Code of the Republic of Azerbaijan” #534-VIQD which was adopted on May 13, 2022 and entered into legal force on June 10, 2022 has expanded the types of income of individuals exempt from income tax
In a period of unprecedented geopolitical turbulence and associated financial and logistical challenges, many entrepreneurs are considering relocating their businesses to more politically and economically stable jurisdictions. An alternative to the countries of the European Union and offshore countries can be rapidly developing member states - Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Tajikistan and Uzbekistan.
Electronic invoices verification upon export of goods to Russia
The Pilot project is aimed at controlling movement of the sanctioned goods from Kazakhstan to Russia in order to prevent the sanction regime breach.
If you are interested in establishing a presence in a new market, restructuring your current operations, or expanding the geographical coverage of your business, the jurisdictions of Caucasus and Central Asia could offer a great potential from economic and legal standpoints. The region is strategically located between Europe and Asia, offering a unique position for companies who do business in both markets.
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). The Gross Domestic Product (GDP) in Mongolia is worth 10.4 billion US dollars as of September 2021 according to the national statistics of Mongolia. The GDP value of Mongolia represents 0.01 percent of the world economy.
Agreement to improve international tax compliance
At present, the Parliament of the Republic of Kazakhstan considers a law on ratification of the Agreement between the Government of the Republic of Kazakhstan and the Government of the United States of America to improve international tax compliance dated 11 September 2017
Tax and customs measures to be taken by the Government of Kazakhstan to implement the President's instructions
On 11 January 2022, President of Kazakhstan K.K. Tokayev at a meeting of the Lower house of the Parliament of the Republic of Kazakhstan gave several instructions to the Government, including to work out the issue of additional budget revenues, as well as to develop a new Concept of investment policy