Hong Kong and Canada signed Double Taxation Agreement

On November 11, 2012 – Hong Kong signed it’s 26th comprehensive agreement for the avoidance of double taxation and the prevention from tax evasion on income and capital with Canada to increase trade between the two economies. The agreement will come into force after both sides complete ratification procedures. The order is subject to negative…

New transfer pricing rules in Russia

Russian Federal Law №227- FZ dated 18 July 2011 (the Law) has introduced a whole section V.1 to the Tax Code dedicated to transfer pricing rules and tax control over transactions between related parties, which were earlier regulated only by two articles (Article 20 and Article 40 of the Tax Code). The new rules entered…

Obtain an EU national ID card

Persons who obtain a Temporary Residence Permit in the Republic of Latvia will be eligible for an EU national ID card. Having an EU national ID card guarantees free movement within the Schengen area, consisting of 25 European countries.

Latvia – new offshore in Europe

Latvia has become more attractive for international business and capital during past few years. In December 2011 Latvian Parliament adopted amendments to the Law on Enterprise Income Tax effective in 2013 due to which, starting January 2013 new opportunities of using Latvian companies in international investment activity will become available. The amendments have remained practically…