Russia's Ministry of Finance has issued  guidance letter No. 03-08-13/114723 on 14 March 2025 clarifying the taxation of foreign companies' income from digital financial assets. According to the letter, digital financial assets are defined as

Russia's Federal Tax Service (FTS) issued Letter No. ШЮ-4-13/2827@ on 13 March 2025 about the notification of controlled transactions. It clarifies that from 2024, taxpayers must disclose the transfer pricing method used to justify the market

Australia and Latvia officials met from 11 to 13 February 2025 for the second round of negotiations for an income tax treaty. The agreement between the two nations seeks to eliminate double taxation on income and capital while combating tax

Latvia and Sri Lanka have ended the negotiations by initiating an income tax treaty on 25 February 2025. This is the first-ever treaty between the two countries, and it aims to prevent tax evasion, boost tax cooperation and eliminate double

Myanmar and Russia issued a joint statement in Moscow announcing the conclusion of negotiations for an investment protection agreement (IPA) 4 March 2025. . Russia and Myanmar finalized the talks on a draft of agreement on encouragement and

The Central Bank of Russia (CBR)  announced its decision to keep the key rate at 21% on 14 February 2025. Earlier, CBR increased the key interest rate from 19% to 21%, on 25 October 2024. This is the highest key interest rate in Russia since