Corporate tax in the UAE
In January 2022, the Ministry of Finance (Ministry) of the United Arab Emirates (UAE) announced its intention to…
According to the draft of Minutes of meeting of Russian Governmental Commission for Overseeing of International Investments, December 12, 2022 it was discussed whether Russian subsidiaries of international companies (located in ‘hostile states’) may continue their operations in Russia has released criteria for grant of authorization for Russian subsidiaries of foreign companies from non-friendly jurisdictions to pay dividends to their parent companies abroad. Without such authorization, according to the 2022 legislation enacted following Russian invasion in Ukraine, such dividends are to be deposited into special restricted accounts in Russian currency.
It was held, inter alia, that such subsidiaries should be allowed to continue their work in Russiapay the dividends on the following conditions: