On 5 February 2014, Russia’s draft Double Tax Avoidance Agreements with China and Belgium were tabled before Russia’s Cabinet for its approval.
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Russia clarifies taxation of foreign companies income from digital assets
Russia's Ministry of Finance has issued guidance letter No. 03-08-13/114723 on 14 March 2025 clarifying the taxation of foreign companies' income from digital financial assets. According to the letter, digital financial assets are defined as
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Russia mandates transfer pricing method in controlled transaction notifications
Russia's Federal Tax Service (FTS) issued Letter No. ШЮ-4-13/2827@ on 13 March 2025 about the notification of controlled transactions. It clarifies that from 2024, taxpayers must disclose the transfer pricing method used to justify the market
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Belgium: B2B e-invoicing mandate excludes non-established entities
Belgium’s government confirmed on its official e-invoicing page on 19 March 2024 that non-established VAT-registered entities in Belgium are excluded from the e-invoicing mandate. However, the legislation has yet to be amended to include this
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China, Italy new tax treaty enters into force
The new income tax agreement between China and Italy was enacted on 19 February 2025. Signed on 23 March 2019, it replaces the 1986 treaty between China and Italy. The agreement aims to eliminate double taxation on income and prevent tax
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Belarus ratifies trade and investment agreement with China
Belarus' House of Representatives approved the ratification of a trade and investment agreement with China on 10 January 2025, following its submission by the Council of Ministers in December 2024. Originally signed in Minsk on 22 August 2024, the
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Russia, Myanmar finalize talks on investment protection agreement
Myanmar and Russia issued a joint statement in Moscow announcing the conclusion of negotiations for an investment protection agreement (IPA) 4 March 2025. . Russia and Myanmar finalized the talks on a draft of agreement on encouragement and
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