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Opening a business in the countries of Caucasus and Central Asia
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.
Doing Business in Mongolia - 2022
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
Amendments to the law of Mongolia on investment
On the plenary session of the State Great Khural (the Parliament) dated October 7, 2021, the draft law on amending the Investment Law submitted by MP Kh.Gankhuyag was discussed and 51.9 percent of the members who participated at the plenary session voted in favor and transferred to the Standing Committee on Economic Affairs to prepare for the first discussion.
Kazakhstan. Forthcoming Amendments to VAT/GST for Electronically Supplied Goods and Services
Almost a year ago, Kazakhstan introduced VAT which the foreign companies should pay for goods and services supplied electronically to individuals in Kazakhstan.
Offshore tax in Kazakhstan: from calculation to payment
This article provides a brief overview of the essence and the payment procedure of the so-called offshore tax in Kazakhstan.
27.10.2021
Offshore tax in Belarus: from calculation to payment
Working with companies from offshore zones provides additional obligations for Belarusian counterparties and requires certain control.

An offshore zone, for taxation purposes in Belarus, is recognized as a state (territory) that has a preferential tax regime and (or) does not provide for the disclosure and provision of information on financial transactions.
Offshore tax in Belarus and Kazakhstan: from calculation to payment
When dealing with foreign markets, companies interact with companies from different territories, including those from offshore jurisdictions. Many countries have approved their own list of such zones.
A minimal price for certain types of imported goods is set for the purposes of VAT and excise tax calculation
A minimal price for certain types of imported goods is set for the purposes of VAT and excise tax calculation.
Thus, on 27 September 2021 a draft of the Order of the Minister of trade and integration of the Republic of Kazakhstan "On approval of the application rules on minimal price level for certain types of goods, imported from the member-states of the Eurasian economic union to the Republic of Kazakhstan, for the purposes of cost determination in respect of the purchased goods" (hereinafter – the “Rules”) was published on the website of the Ministry of trade and integration of Kazakhstan.
ALERT. Extended producer/importer responsibility
At present, a draft of the new rules on implementation of extended producer/importer obligations (hereinafter - the "New Rules"), which, presumably, will replace the existing ones (hereinafter - the "Current Rules"), is under public discussion.
A Primer into corporate taxation in Tajikistan
Taxes are among the most difficult issues in any country of the world, and Tajikistan is no exception. Navigating through and understanding the Tax Code of Tajikistan (Tax Code) can prove to be a challenge due to the used language (it can be rather vague) and terminology (it is rather heavy). That leaves a room for tax authorities to provide their interpretation, which, as expected, will be beneficial for the state and not to the taxpayer.