Russia’s Federal Tax Service (FTS) clarified that VAT on leased crypto mining equipment is not deductible on 9 April 2025. The tax authority explained that since digital currency mining is not a VAT-taxable activity, input VAT included in lease

The Russian State Duma is reviewing a draft law that would impose a windfall tax on banks and major energy companies, including those involved in hydrocarbon extraction, petroleum refining, and the production and export of liquefied natural gas

Malaysia’s Ministry of Finance announced that its planned expansion of the sales and service tax, initially planned for implementation on 1 May 2025 as outlined in Budget 2025, will be postponed. The ministry said the sales and service tax will

The UAE Cabinet of Ministers approved the income and capital tax treaty with Russia on 14 April 2025. Earlier, representatives from Russia and the UAE have signed a new income and capital tax treaty on 17 February 2025 . The treaty will come

The Federal Tax Service (FTS) of Russia has issued a reminder on the proper application of reduced VAT rates of 5% and 7%. This announcement was made by FTS on 17 March 2025. Organizations and entrepreneurs must apply these rates consecutively

The Russian Ministry of Finance (MoF) has clarified the corporate income tax treatment for two scenarios in Guidance Letter No. 03-03-06/2/18948, issued on 17 March 2025. The first scenario involves share redemption in a foreign entity, while the