Country News

If you plan to start a business in Belarus, you should consider the changes in the issues of approving the names of legal entities, state registration, termination of activities of legal entities and individual entrepreneurs, maintaining the Unified State Register of Legal Entities and Individual Entrepreneurs of the Republic of Belarus (hereinafter – “EGR”), provided for by the Resolution No. 96 of the Ministry of Justice of the Republic of Belarus, dated June 18, 2020 (hereinafter – the “Resolution”).

On March 25, during a televised address Russian President Vladimir Putin mentioned that a revision with the Double Taxation Treaties (hereinafter – the “Treatу / Treaties”) with those jurisdictions would be required which are used for the inadequate transfer of income from Russia.

On June 30, 2020, the Supreme Court of the Russian Federation adopted two resolutions No. 12 and No. 13, explaining the rules of court proceedings in the appellate and cassation instances in arbitration courts that deal with disputes related to business activities.

As follows from the decree of the head of state dated February 24, 2020 “On additional measures for the transition to international financial reporting standards”, Uzbekistan opens a new page in the history of transition to IFRS.

On 20.07.2020 the President of the Russian Federation signed Federal Law No. 218-FZ on amendments to the Code of Administrative Offenses of the Russian Federation, according to which the liability for non-repatriation of foreign currency revenue is significantly reduced.