taxes

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 …

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Vegetable oil to become cheaper in Uzbekistan

Uzbek MP Rasul Kusherbayev said today that from May 1, the import of vegetable oil will be exempted from VAT in Uzbekistan, while the export of vegetable oil will be limited. According to Kusherbayev, these measures are aimed at …

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Russia's State Duma proposes to abolish VAT

The value added tax (VAT) should be abolished in Russia, first deputy chairman of the State Duma Commission on Small and Medium-Sized Businesses Nikolai Arefiev said in an interview with the Rossiya-1 television channel. "I …

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Tajikistan introduces military service exemption tax

Young men in Tajikistan who wish to forgo the dreaded experience of military service may now do so by paying a fee to the government. This opt-out provision came into effect on February 4 under changes to legislation regulating conscription, Eurasianet writes in the article Tajikistan: Military service exemption tax comes into effect. A representative at the Defense Ministry told Eurasianet that the size of the fee is not yet known and will later be calculated by the government

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Russia introduces tax for rich

The law on increasing the personal income tax rate (PIT) from 13% to 15% on income exceeding five million rubles a year was introduced in Russia. Simultaneously, the tax rate of 13% will remain for individuals' income from the sale …

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Income tax increased for high-earning Russian citizens

 Russian President Vladimir Putin endorsed a law to raise personal income tax from 13% to 15% for people with annual incomes exceeding 5 mln rubles ($72,825) per year. The document was published on Monday on the official web portal …

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Russian MP offers to cut transport tax 25%

Russia's State Duma deputy Vasily Vlasov offered to cut the transport tax by 25% in 2020 for the Russians who live in the provinces where an alert regime was introduced due to the coronavirus. "I am asking you to assess …

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U.S.: Oleg Tinkov may face up to 6 years in prison

The U.S. Department of Justice said that Russian businessman Oleg Tinkov has been charged with filing false tax returns. If convicted, Tinkov faces a maximum of 6 years in prison and monetary penalties on two …

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