Russia has introduced several changes to its Tax Code, effective starting 1 January 2025, which includes changes to the corporate income tax rate, simplified tax regime and tourist tax.    The corporate income tax (CIT) rate has been raised

Armenia’s government has approved the signing of a new income tax treaty with Japan on 19 December 2024. This follows after Armenia and Japan have agreed in principle on the new income tax treaty between the two countries on 16 October

Russia’s Federal Tax Service (FTS) has updated its lists of jurisdictions for tax information exchange, effective 31 December 2024. The new changes were announced through two decrees, No. IED-7-17/914 and IED-7-17/916, published on 20 December

The Russian government has issued Resolution No. 3596-r, expanding the list of agricultural crop seeds treated with biological or chemical agents that are subject to a reduced VAT rate of 10% upon sale and import. The resolution, which came into

The Japanese approved the extension of the duration of the reduced corporation tax for small and medium-sized enterprises (SMEs) by an additional two years on 27 December 2024, as part of the resolution regarding the 2025 Tax Reform Outline. The

The Russian Ministry of Finance (MoF) clarified in Guidance Letter No. 03-12-11/2/107192, published on 9 December 2024 that, under certain conditions, losses can be carried forward by a controlled foreign company (CFC) registered in Russia and