The Czech Senate (upper house of parliament) has passed the Bill on Amendments to the Value Added Tax Law on 11 December 2024, which amends the VAT Law to incorporate the Amending Directive to the VAT Directive (2020/285) of 18 February 2020

The National Bank of Kazakhstan has raised the base interest rate from 14.25% to 15.25%, effective from 2 December 2024. The base rate determines late payment interest, which is calculated as 1.25 times the base rate, divided by 365 to find the

The Organisation for Economic Co-operation and Development (OECD) has announced that the Czech Republic, Germany, and Hungary have signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information on Income Earned

Armenia’s President has signed a law for the ratification of the free trade agreement (FTA) between the Eurasian Economic Union (EAEU) (Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia) and Iran on 27 November 2024. The Armenian National

Czech Republic and Korea (Rep.) signed a memorandum of understanding (MoU) on the Trade and Investment Promotion Framework (TIPF) on 20 September 2024. The signing of the MoU came after 34 years of diplomatic relations between the two countries,

The Ministry of Industry and Construction (MIC) of Kazakhstan has introduced a proposal to broaden the list of goods that qualify for a zero VAT rate in special economic zones (SEZs). This move aims to enhance economic activities in these zones