Recent events in international tax policy have influence either on our country. Ministry of Finance of the Russian Federation is planning to conclude a treaty with offshore jurisdictions on sharing information. And if corresponding changes are made in tax legislation, Russia will become a full member of the international tax information exchange, including jurisdictions previously […]

We would like to inform you of basic amendments to the Russian legislation. Government of the Russian Federation prepares to introduce in the Russian State Duma a Bill “On the amendments to a number of the Russian legal acts regarding cancellation of some categories of land and become inoperative the Federal Law “On the transfer […]

“There are several lines of protection for those who are under sanctions. One of them is the removal of sanctions in court. At the same time, the practice in such cases is not always in favor of the claimants, and so far only a few people have succeeded in winning such proceedings” A key observation: […]

Belgian authorities have permitted Euroclear to unblock part of the funds from the National Settlement Depository (NSD) account to compensate clients for losses caused by Russian court rulings and Decree No. 198 dated March 19, 2024. The funds will be allocated to clients, including European and American banks, impacted by asset freezes under counter-sanctions. Earlier, […]

On March 25, 2025, the State Duma passed a package of bills in the first reading to introduce an out-of-court procedure for collecting tax debts from citizens. This procedure will only apply if the taxpayer does not object to the assessed taxes. If an individual disputes the tax amount in court or with a higher […]

Kazakhstan is introducing new measures to tighten the issuance of bank cards to non-residents. Since the beginning of the year, the validity period of these cards has been reduced to 12 months. This rule does not apply to cards issued for entrepreneurs, diplomatic workers, and investors. Under the new regulations, banks are required to: – […]

The Government Commission on Foreign Investment Control has allowed residents (including depositories) to enter into transactions with “unfriendly persons” that result in the acquisition of ownership rights over foreign securities prohibited under Russian Presidential Decree No. 81, provided that such transactions lead to the write-off of foreign securities from the NSD account opened in its […]

The bill, developed as part of the roadmap to improve land use efficiency, amends the Land Code of the Russian Federation. The aim of the proposal is to prevent situations where, under the pretext of a small structure, a buyer acquires a plot of land that far exceeds actual needs. The draft law proposes setting […]

Starting from April 1, 2025, a law on mandatory contributions for the distribution of online advertising targeted at consumers in Russia will come into effect. These contributions are mandatory for advertisers, advertising system operators, and entities providing advertising distribution services. Advertisers (Russian legal entities, individual entrepreneurs, or individuals) who have contracts with foreign organizations or […]