On the basis of provisions place out by the Vienna Convention on international treaties, Russia is looking for chances to initiate protection measures in its trade relations with Ukraine. Ukraine has signed the economic part of the Ukraine-European Union Association Agreement on June 27, 2014, which contains provisions for the free trade zone creation and the import tariffs removal. As Ukraine becomes part of a free trade zone with the European Union, Russia will require protecting its internal market from the tariff-free flow of European goods from Ukraine. According to the article 62 of the Vienna Convention, Russia desires to abolish barrier-free relations with Ukraine that approves for the termination or postponement of a contract in the event of an important change of circumstances.
«
Switzerland: Threatens to raise carbon tax
Related Posts
Russia updates tax information exchange list
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
Read MoreRussia expands list of agricultural seeds eligible for reduced VAT rate
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
Read MoreUkraine releases synthesised texts of tax treaties with Slovenia, Vietnam
Ukraine's Ministry of Finance has published synthesised texts of its tax treaties with Slovenia and Vietnam, incorporating changes from the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting
Read MoreUkraine suspends CFC reporting fines during martial law
Ukraine’s president, Volodymyr Zelensky has signed Law No. 9319 on 25 December 2024 which postpones a new military tax hike for small businesses and individual taxpayers until 1 January 2025. Under this law, Ukrainian residents will not be fined
Read MoreRussia: MoF clarifies loss carry-forward rules for CFCs redomiciled as international companies
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
Read MoreRussia introduces reduced corporate income tax rate for electronics manufacturers
Russian companies manufacturing equipment for electronic components and radio-electronic products will benefit from a reduced 8% corporate income tax rate starting 1 January 2025. This tax incentive is part of government Resolution No. 1848,
Read More