Türkiye drastically raises taxes on imported goods
Türkiye will impose a 30% tax on goods from the EU and a 60% tax on goods from other countries, according to Resmi Gazete. The relevant decree was signed by President of Türkiye …
taxes
Conor McGregor bids to buy Khabib Nurmagomedov’s family home
Irish mixed martial artist Conor McGregor recently took to social media to taunt former UFC champion Khabib Nurmagomedov over his alleged financial troubles. The now-deleted tweets included a direct message exchange where …
Investigative Committee proposes to replace migrant workers with Russians
The department voiced its proposals for changing migration legislation
Tourists tax for foreigners visiting Bishkek to be introduced
Kyrgyzstan has proposed introducing a tourist tax for foreign nationals staying in the capital starting from August 1. The tax will apply to foreign nationals who arrive in …
Khabib Nurmagomedov’s bank accounts frozen due to debts
Russia’s Federal Tax Service has frozen bank accounts belonging to former UFC lightweight champion Khabib Nurmagomedov after the MMA star …
Tax debts incurred before 2021 to be written off in Georgia
Georgian Prime Minister Irakli Kobakhidze said 145,000 individuals would have their tax debts totalling 590 million lari ($218.55mln) “completely written off”. According to him, all private entities, including individual …
Azerbaijan abolishes gasoline customs duties until end of 2024
Azerbaijan's Cabinet of Ministers has made changes to the “Excise rates on excisable goods imported into the territory of the Republic of …
Kazakhstan proposes excise taxes on sugary drinks
Kazakh Minister of Health Akmaral Alnazarova suggested that levying excise taxes on sugar-sweetened non-alcoholic beverages could reduce their consumption among children, thus lowering the risk of obesity. According to Chief Sanitary …
Georgia to increase taxes for gambling business once again
Georgian Prime Minister Irakli Garibashvili announced taxes on the gambling business would be increased to 15%, while withdrawal of money from …
EU includes Russia into tax haven blacklist
The European Union has included Russia into the list of countries viewed as tax havens, the EU Council said in its statement released on Tuesday. "The EU continues to promote fair tax competition and address harmful tax practices. …
Income tax for LNG exporters grows to 34% in 2023-2025
Russian President Vladimir Putin signed the law increasing the income tax rate from 20% to 34% for liquefied natural gas (LNG) exporters in 2023-2025. The document was initiated by the Russian Government and introduces amendments into …
Bloomberg explains why Russia’s budget remains in surplus
The growth in tax revenues from the Russian state energy company Gazprom allowed the federal budget to maintain a surplus in October, Bloomberg reports. According to the Ministry of Finance of the Russian Federation, the budget surplus …
Azerbaijan and Singapore to sign agreement on avoidance of double taxation
Azerbaijan and Singapore are preparing agreements on the avoidance of double taxation and the suppression of tax evasion. This was reported in the State Tax Service (STS) of Azerbaijan. Discussions on the draft agreement …
Egypt to introduce tax-free scheme for tourists
In Egypt, VAT refunds to tourists are to be carried out according to the standard international scheme, and the launch of the new tax-free system is planned to be accelerated. The facilities, where tourists will be refunded before …
Germany to lower sales tax on gas to 7%
Germany will lower the sales tax on gas to 7% in an effort to cushion the blow of additional charges being placed on consumers to ensure energy companies can afford increasingly expensive supplies, said Chancellor Olaf Scholz on Thursday. …
New hotels in Russia to be exempt from VAT for five years
According to the decree of Prime Minister Mikhail Mishustin, the rules for maintaining a register of tourism industry facilities have been approved, and hotels that have been operating since the beginning of this year are exempt from value-added …
Georgia to write off property taxes for tourism sector
The Georgian Government has decided to write off the property taxes from the country’s tourism sector businesses, Prime Minister Irakli Garibashvili revealed on Monday. The Government head noted the decision followed studies …
Will luxury lovers have to pay more in Kazakhstan?
A luxury tax may be imposed in Kazakhstan, the press service of the country's Ministry of Finance reported. It says that the Ministry of National Economy will consider such a possibility. The tax implies increased …
Kazakhstan introduces tax on Google
Today, a new tax on Google was introduced in Kazakhstan - all foreign companies selling their goods and services via the Internet are obliged to pay VAT on sales to the budget of the Republic of Kazakhstan. For each product or service …
Maldives to add departure tax In January 2022
Maldives President Ibrahim Mohamed Solih ratified a new amendment to the country's Airport Taxes and Fees Act, which introduced a departure tax for any traveler leaving the Maldives beginning on Jan. 1, 2022. The departure tax is …
