Israel: Social Security Agreement with Russia enters into force

The Central Bank of Russia (CBR) has reduced the key interest rate from 15.5% to 15%. The CBR's key interest rate is applied in calculating interest deductions and the interest on late payment of overdue taxes. This announcement was made on 20

Israel's Ministry of Finance and the Banks Association finalised a compromise deal that will see banks transfer ILS 3.25 billion to the state in 2026 and an additional ILS 250 million in 2027. The deal replaces a planned five-year taxation framework

The Russian Ministry of Finance (MoF) has clarified the timeframe for refunding corporate income tax previously withheld from payments made to foreign organisations. The official position was outlined on 12 March 2026 in Letter No.

The Finnish government had decided to suspend its income tax treaty with Russia, effective 1 July 2026, following Russia's partial withdrawal from the agreement in August 2023. The announcement was made in a press release issued on 12 March

Russia has reminded organisations that the deadline to submit notifications on controlled foreign companies (CFCs) for 2025 expires on 20 March 2026. This announcement was made on 4 March 2026. A CFC notification must be filed regardless of

Russia’s Parliament has put forward a draft federal law aiming to restructure the country’s personal income tax (PIT) system.  Under Draft Law No. 1160313‑8 on 25 February 2026, the reform would exempt low-income individuals from taxation