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#Sanctions. Support Measures #COVID-19 #UAE Corporate Tax Law

Since 14 July a moratorium has been introduced on the application of a number of antitrust prohibitions and other measures have come into force that are aimed at supporting business under conditions where sanctions are in force

Amendments have been made to the legislation that impose a moratorium on the application of a number of antitrust prohibitions when procurement is carried out from a single supplier, change the threshold values for transactions to be ...

The procedure for converting branches and representative offices of foreign legal entities into business entities has been established

The Federal Law has been adopted, which establishes the procedure for converting branches (representative offices) of foreign legal entities into limited liability companies.

Fines reduced for unlawful foreign currency transactions and cancelled for violations committed because of sanctions

Pepeliaev Group advises that, on 24 July 2022, a Federal Law came to force that reduces fines for parties involved in foreign trade for unlawful foreign currency transactions and cancels fines for violations committed because of sancti...

The Russian President has signed a law to increase the protection of rights of personal data subjects and toughen the requirements for operators of personal data

Pepeliaev Group advises that on 14 July 2022 the Russian President signed the law providing for large-scale amendments to the Federal Law “On personal data”/

Personal data of individuals will be removed from extracts regarding real estate

Pepeliaev Group advises that, on 14 July 2022 a federal law was signed according to which information regarding individuals who own real estate will be provided to third parties only with the consent of the owner.

A law has been adopted on the handling of secondary raw materials

Pepeliaev Group advises that, on 14 July 2022, a law was published that determines the legal regime for secondary resources, secondary raw materials and industrial by-products.

A law has been adopted that contains mechanisms for blocking the actions of foreign companies that may pose a threat to the uninterrupted and rational use of subsoil resources or of facilities of cross-border gas transportation infrastructure

Pepeliaev Group advises that on 6 July 2022 the State Duma of the Federal Assembly of the Russian Federation adopted a Law that provides for a mechanism for the mandatory transformation of a branch (representative office) of a foreign ...

The Tax Code has been supplemented with chapter 3.6, which establishes taxation specifics of implementing an APECI

Pepeliaev Group advises that on 28 June 2022, two federal laws were adopted that amend the Tax Code and Federal Law “On protecting and encouraging capital investments in the Russian Federation” and that are aimed at improving the mechanis...

The State Duma has adopted a law that grants the lessor a number of additional rights in a situation when the lessee is a commercial and/or public catering organisation and is connected with a hostile state/territory

On 28 June 2022 the Russian State Duma adopted a Law whereby lessors, under certain conditions, are granted the right to charge a larger rent from lessees that are connected with hostile states/territories and the right to withdraw fro...