Russia’s central bank cut the key rate by 100 bps to 20% on 6 June 2025, maintaining tight policy to control inflation. The Bank of Russia Board of Directors decided to cut the key rate by 100 basis points to 20.00% per annum on 6 June 2025.

IRAS revises tax rules for foreign asset sales—gains may be taxable if transactions lack economic substance in Singapore, effective 1 January 2024. The Inland Revenue Authority of Singapore (IRAS) published an updated e-Tax Guide  Income Tax:

Russia has approved a new tax treaty with the UAE to enhance tax cooperation and replace the limited 2011 agreement.  Russia’s government has approved a draft law to ratify a new income and capital tax treaty with the UAE on 29 May

Singapore’s IRAS confirms that pure equity-holding entities meeting economic substance requirements will be exempt from tax on foreign-sourced disposal gains under Advance Ruling 7/2025. Singapore’s IRAS has issued Advance Ruling Summary

The Inland Revenue Authority of Singapore has updated its e-Tax Guide to clarify GST concession procedures for listed REITs and Business Trusts, confirming that separate claims statements are no longer required unless requested and extending the

IRAS rules that novation of agreements in group restructuring is a capital, non-taxable transaction. The Inland Revenue Authority of Singapore (IRAS) issued Advance Ruling No. 6/2025 on 2 May 2025, explaining the tax treatment of transferring