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Amendments have been made to the Law on special economic zones in Russia

4 August 2023 saw the signing by the Russian President and publication of the Federal Law, which introduces numerous amendments to the regulation of special economic zones in Russia.

Small Business Relief for Corporate Tax in the UAE

The FTA has just released a Corporate Tax Guide on Small Business Relief for taxpayers with Revenue of less than or equal to AED 3,000,000 (approx. USD 800,000).

A draft law is being prepared to introduce new and increasing current fines for non-compliance with requirements in the field of personal data protection

Senators Andrey Turchak and Irina Rukavishnikova, and deputy Alexander Hinstein have submitted a draft law to the Russian Government for review. The draft law proposes new administrative fines for operators failing to comply with the requirements...

On changes in tax monitoring

Adopted and planned changes in the regulation of tax monitoring.

Corporate tax in the UAE: how much will Free Zone Residents pay?

Corporate tax has been put into application in the United Arab Emirates starting from 1 June this year. The first tax period for Emirati companies will be the first calendar year or a 12-month period after 1 June for which financial statements...

Distribution from a designated zone in the UAE. Case study

A distribution company (‘Distribution Co’) is incorporated in a free zone in the UAE. This zone is not included in the list of the designated zones. However, Distribution Co buys products and orders services from third parties...

The economy in good graces

In 2021 the Plenum of the Russian Supreme Court recommended that courts investigate in more detail objective economic reasons for the conduct of market players, assess whether profit can be generated and establish a causal link betwee...

A law has been published to reform the extended responsibility of producers and importers (EPR)

On 4 August 2023 amendments were published to Federal law No. 89-FZ “On production and consumption waste” dated 24 June 1998.

The law has been signed on how to use recommendation engines in the Internet

On 31 July 2023, Federal Law No. 408-FZ dated 31 July 2023 was signed by the Russian President and published. The Law stipulates new requirements for owners (the ‘owners of information resources’) of websites and web pages, information systems...

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