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For the first time a court ruling canceled an order for the income of unknown origin

On 08/04/2020, the High Court of London declared the arrest warrants of the property of family members of the former President of Kazakhstan Nursultan Nazarbayev illegal.

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The Government of the Russian Federation announced the start of the revision with Cyprus

The Government of the Russian Federation announced the start of the revision of the double taxation treaty with Cyprus

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The President of the Russian Federation announced new taxes on interest on deposits and dividends

On March 25, 2020 the President of the Russian Federation in his speech demanded to impose a new tax on interest paid on bank deposits, as well as a tax on dividends of Russian companies paid to non-r

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The first phase of trade agreement between USA and China has been approved

Leaders of US and China have signed a first phase of the fair trade agreement thus deescalating mutual trade war

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Rosfinmonitoring has worked out guidelines for identifying beneficiaries of clients

Rosfinmonitoring has approved instructions for identifying beneficiary owners of clients. Instructions are valid for all market participants who are obliged to identify the beneficiaries of their clients, from banks to law firms.

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ITA increased the tax of warrants that depend on an exit or IPO

According to a new circular of ITA (No. 18/2018), high-tech employees’ income out of sale of shares vested as a result of an exit or an IPO, will be taxed up to 50% as an employment income

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US Treasury releases list of 210 Russian top persons as a part of the report submitted to Congress

The part of the report for Congress containing senior political individuals and “oligarchs” has been released by US Treasury. The main part has been kept classified.

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