Registration of ultimate beneficial owner information
Financial Action Task Force (FATF) announced that Mongolia included in the FATF grey list considering as a favorable country for supporting money laundering and terrorism financing on 18 October, 2019.
Russia denounced agreement for avoidance of double taxation with Cyprus
Implementing the instruction of the President of the Russian Federation on the adjustment of agreements to avoid double taxation (AADT) the Ministry of Finance of Russia held talks with the Ministry of Finance of Cyprus, but the agreement never came.
MONGOLIA: Approval of package laws on exemption and credit of Tax and Social insurance premium during Covid19
Approval of package laws on exemption and credit of Tax and Social insurance premium during Covid19
The brochure provides you with the comprehensive information about the main forms of doing business in Kazakhstan, including a detailed comparison table of such forms, information on the tax structure, bankruptcy, PPP and frequently asked questions for starting and doing business in Kazakhstan.
ALERT of the amendments to the Regulatory ruling of the Supreme Court of the Republic of Kazakhstan on tax legislation
The Supreme Court of the Republic of Kazakhstan drafted the amendments to the Regulatory ruling ‘On judicial practice on application of tax legislation’ dated 29 June 2017 No. 4. The amendments affected the provisions on recognition of transactions as invalid on the basis of the claims from the state revenue authorities.
Additional Measures to Support Taxpayers in a view of Imposing the State of Emergency in Kazakhstan
On 20 April 2020 the Government of the Republic of Kazakhstan adopted the Resolution introducing additional measures to support taxpayers
Enactment of the new rules on issue of accompanying notes was postponed
The Order of the First deputy of the Prime-Minister of the Republic of Kazakhstan – the Minister of finance of the Republic of Kazakhstan dated 13 April 2020 No. 379 “On amendment of the order of the First deputy of the Prime-Minister of the Republic of Kazakhstan – the Minister of finance of the Republic of Kazakhstan dated 26 December 2019 No. 1424 “On approval of the List of goods subject to accompanying notes issue as well as the Rules on their issue and circulation” (hereinafter – the ‘Order’) was published on 15 March 2020.
The Cabinet of Ministers of the Republic of Azerbaijan adopted Action Plan in accordance with the paragraph 10.2 of the Order #1950 of the President of the Republic of Azerbaijan dated March 19, 2020.
EAEU decisions which were adopted in connection with the distribution of COVID-19
On 3 April 2020, the Council of the Eurasian Economic Commission adopted decisions related to the distribution of COVID-19.
VAT refund procedure legal update
Regulation for refund of value added tax (“VAT”) paid by individuals, who are consumers, for goods (except for oil and gas products) purchased from persons engaged in retail trade or public catering in the territory of the Republic of Azerbaijan (“Regulation”) has been adopted by the Decree of the President of the Republic of Azerbaijan dated March 21, 2020.
Cancellation of apostilisation requirement in respect of tax residence certificates issued by Armenia and Kazakhstan
Please be informed that Kazakhstan and Armenia agreed on cancellation of apostilisation requirement in respect of documents confirming tax residence.