Belarus. Economy update. Natalia Shulzhenko Head of Office, SCHNEIDER GROUP (Minsk) Business Breakfast Russia, St. Petersburg, 10 November 2017
|
|
- Angelina Joseph
- 6 years ago
- Views:
Transcription
1 Belarus. Economy update Natalia Shulzhenko Head of Office, SCHNEIDER GROUP (Minsk) Business Breakfast Russia, St. Petersburg, 10 November 2017
2 Agenda Belarus: key facts & current trends 2018 DB World Bank rankings Prospective industry sectors overview Typical examples of foreign investors Key client portfolio accounting erp import legal tax 2
3 Facts & Advantages For the last two negative" years, GDP actually fell by 6.3%. The last conclusion from EBRD experts that "the economy of Belarus is growing again after two years of recession" GDP, USD bn. 67 th largest economy in the world measured by GDP 65,5 75,2 77,7 56,8 47,5 Major market with 9,5 million inhabitants Direct access to the market of EAEU *Source: State Statistics Service (Belstat) Information presented on nominal GDP. Competitive investment conditions Developed logistics infrastructure Qualified and cheap labor force Western accounting approach ERP to doing import a legal business tax 3
4 News, key facts & current trends 1 Refinancing rate has decreased 8 times in 2017 (11% current) 2 Revolutionary set of documents on liberalization of economy will be signed till the end of Tax on Google (VAT on digital services to individuals) since The US and EU suspended many sanctions in 2015 and finally EU cancelled the majority of sanctions on 15 February th ranking in 2018 World Bank DB report (37 th LY) accounting erp import legal tax 4
5 Belarus DB Ranking th 37th (LY) accounting ERP import legal tax 5
6 Belarus DB Ranking th position in 2017 DB report. In accordance with the last year the change is insignificant. This one-point decline shows that other countries managed to conduct a more active reforming activity. Topic Rankings DB 2018 Rank DB 2017 Rank Change in Rank Starting a Business Dealing with Construction Permits Getting Electricity Registering Property 5 5 No change Getting Credit Protecting Investors Paying Taxes Trading Across Borders No change Enforcing Contracts Resolving Insolvency Doing Business Overall Rank Source: World bank Doing Business, accounting ERP import legal tax 6
7 Prospective industry sectors overview If an Investor. focuses on IT analysis, engineering and Software development is planning to invest at least EUR 500 k. in the set up of export-oriented & import-substituting production facilities is planning to invest at least USD 5 mln. in electronics, thin chemistry, biotechnology, mechanical engineering and etc. is planning to produce goods, perform works or services in rural areas and small towns is planning to construct and further operate various facilities It may consider benefiting from High Tech Park FEZ (localization) Industrial Park Great Stone (localization) Rural areas Decree No. 6 dd Investment or PPP agreement accounting erp import legal tax 7
8 High Technology Park (HTP) Virtual Park (extraterritoriality), created in 2005 (160 companies currently) Eligible activity is limited to analysis, development and software implementation of information systems and data processing Approval process is rather straightforward - attention to the business plan Agreement between the HTP resident and HTP Administration should be concluded HTP resident has to pay 1% on revenues to the HTP Administration (on quarterly basis) accounting erp import legal tax 8
9 Tax benefits in HTP Benefits according to HTP tax treatment: CIT exemption VAT exemption Real estate tax exemption Customs duty and VAT exemption for technological equipment imported by HTP residents 5% reduced withholding tax - on dividends (12%), interest (10%) and royalties (15%), unless a more preferential regime is provided by the Double Tax Treaties Offshore tax exemption (on dividends only) 9% - Reduced personal income tax (PIT) HTP treatment to be substantially expanded shortly!!! accounting erp import legal tax 9
10 Examples of investors in HTP Ciklum accounting erp import legal tax 10
11 Industrial Park Great Stone Chinese-Belarusian project, founded in 2012, about 20 residents currently Huge territory (8048 ha) located 25 km from Minsk Requirements for residents of the Industrial Park: Investment in the sectors: electronics, thin chemistry, biotechnologies, mechanical engineering or new materials Minimum investments: 5 Mio USD accounting erp import legal tax 11
12 Tax Benefits in The special tax treatment is applicable for a period of 50 years (2062) and provides the following tax benefits: CIT exemption - for 10 years, afterwards reducing by half for 10 more years (9% CIT rate is applicable) VAT exemption on imports Real estate tax exemption - for 10 years, afterwards reducing by half for 10 more years (0,5% rate is applicable) WHT exemption for 5 years (on dividends), on royalties - 5% until 2027 Land Tax - 10 years exemption, afterwards reducing by half for 10 more years 9% - Reduced personal income tax (PIT) accounting erp import legal tax 12
13 Key client portfolio accounting erp import legal tax 13
14 Natalia Shulzhenko Head of Office, SCHNEIDER GROUP The exclusive right to the content of this presentation including the rights of translation, reproduction, transmittal, distribution and usage of the presentation and parts of it, in any way, as well as the rights to the company s logo and name SCHNEIDER GROUP, in existing and future publications in printed or electronic form, and the ability to confer rights to a third party belong to SCHNEIDER GROUP. The reproduction, alteration, transmittal or any distribution or usage of this presentation or parts of it, as well as of the company s logo or name SCHNEIDER GROUP in any way, need the written permission of SCHNEIDER GROUP in advance and shall be accompanied with the link to the SCHNEIDER GROUP website and reference to the copyright permission. SCHNEIDER GROUP accounting erp import legal tax 14
15 russia ukraine belarus kazakhstan germany poland accounting erp import legal tax accounting erp import legal tax 15
Economic outlook and the future of SCHNEIDER GROUP. Ulf Schneider Moscow, 8 June 2018
Economic outlook and the future of SCHNEIDER GROUP Ulf Schneider Moscow, 8 June 2018 World Bank rating 2010 142 58 150 63 120 72 2018 76 38 74 36 35 27 2 Poland Balcerowicz-Reforms with positive effects
More informationTax Incentives in Belarus Doing business easier
Tax Incentives in Belarus Doing business easier Introduction The changing business environment in Belarus is bringing forth new opportunities for investors. Tax incentives are a useful tool for increasing
More informationDiscover new Ukraine: re-born, modernizing, reforming. Yuri Donets Director, Ukrainian office
Discover new Ukraine: re-born, modernizing, reforming Yuri Donets Director, Ukrainian office St. Petersburg November 10th, 2017 Country Information Territory: about 600 000 sq.km. (1 st in size fully European
More informationThe New Customs Code of the Eurasian Economic Union Important Aspects. Lars Flottrong Director-Partner, SCHNEIDER GROUP Vienna, 14.
The New Customs Code of the Eurasian Economic Union Important Aspects Lars Flottrong Director-Partner, SCHNEIDER GROUP Vienna, 14. November 2017 The New Customs Code of the Eurasian Economic Union (1/3)
More informationAnti-corruption and compliance in Russia
Anti-corruption and compliance in Russia Alex Stolarsky Rechtsanwalt Director Legal, Compliance & Tax, Member of the Board 8 October, 2018 - CHAMBER OF COMMERCE AND INDUSTRY OF THE RUSSIAN FEDERATION Agenda
More informationFacts & Advantages of Ukraine Economic indicators, priority sectors and important developments
Facts & Advantages of Ukraine Economic indicators, priority sectors and important developments Lars Flottrong Director-Partner, SCHNEIDER GROUP Vienna March 27 th, 2017 Country Information Territory: about
More informationOECD Trade Facilitation Program. Improving the Belarus rankings
OECD Trade Facilitation Program. Improving the Belarus rankings Sergei Odintsov Head of Tax & Legal Department SCHNEIDER GROUP OOO (Minsk, Belarus) 08 November 2017 Agenda OECD Trade Facilitation Program
More informatione-commerce in Russia, Ukraine, Belarus and Kazakhstan Vladimir Kazakov Market Research Director, SCHNEIDER GROUP October 2016
e-commerce in Russia, Ukraine, Belarus and Kazakhstan Vladimir Kazakov Market Research Director, SCHNEIDER GROUP October 2016 Contents Executive Summary Facts & Advantages: Russia, Ukraine, Belarus and
More informationDoing Business in Eurasia. Ulf Schneider Managing Partner, SCHNEIDER GROUP Mid-Atlantic - Eurasia Business Council Harrisburg, March 22 nd, 2016
Doing Business in Eurasia Ulf Schneider Managing Partner, SCHNEIDER GROUP Mid-Atlantic - Eurasia Business Council Harrisburg, March 22 nd, 2016 About us 2 Our locations Our Offices: Russia Moscow St. Petersburg
More informationPriorbank Experience in Belarus as RBI Subsidiary Presentation by Bernd Rosenberg, Deputy Chairman of Priorbank JSC, January 2018
Priorbank Experience in Belarus as RBI Subsidiary Presentation by Bernd Rosenberg, Deputy Chairman of Priorbank JSC, January 2018 01.02.2018 1 Key Facts on Priorbank Established back in 1989, controlling
More informationLatest news on changes and upcoming challenges in Tax, Customs & Legislation affecting the Russian Fashion market
Latest news on changes and upcoming challenges in Tax, Customs & Legislation affecting the Russian Fashion market Lars Flottrong Director-Partner, SCHNEIDER GROUP London, March 30, 2017 Russia: Economic
More informationTax Card January 2016 Belarus KPMG LLC. kpmg.com/by
Tax Card 2016 1 January 2016 Belarus KPMG LLC kpmg.com/by BELARUSIAN STATE TAXES AND DUTIES Value Added Tax (VAT) Excise Duty Corporate Profit Tax (CPT) Withholding tax on income of foreign legal entities
More informationAnti-Bribery & Anti-Corruption Compliance in Russia
Anti-Bribery & Anti-Corruption Compliance in Russia Alex Stolarsky Rechtsanwalt, Director of Legal, Tax and Compliance, Member of the Board, SCHNEIDER GROUP Veronika Kochieva Legal Team Leader, SCHNEIDER
More informationRisk factors for General Directors in Russia
Risk factors for General Directors in Russia Alex Stolarsky, Rechtsanwalt, Director Legal, Compliance & Tax, Member of the Board Christopher Schagerl, Director Tea Time Moscow, October 26, 2017 Risk factors
More informationTax Card 2015 with effect from 1 January 2015 Republic of Belarus KPMG LLC
Tax Card 2015 with effect from 1 January 2015 Republic of Belarus KPMG LLC BELARUSIAN STATE TAXES AND DUTIES Value Added Tax (VAT) Excise Duty Corporate Profit Tax (CPT) Withholding tax on income of foreign
More informationIT INDUSTRY. More than 1,000 IT companies with over 30,000 employees. The share of IT sector in GDP - 5.1%
IT industry 2 IT INDUSTRY IT stands as the most attractive branch of the Belarusian service sector. The country hosts more than 1,000 IT companies with over 30,000 employees. The share of IT sector in
More informationVladimir Karyagin. Chairman of Minsk Capital Association of Entrepreneurs and Employers. www. allminsk.biz,
Vladimir Karyagin Chairman of the Presidium of the Republican Confederation of Entrepreneurship Chairman of Minsk Capital Association of Entrepreneurs and Employers www. allminsk.biz, www.rce-ale.org E-mail:
More informationBelarus slide package for a foreign investor
Belarus slide package for a foreign investor Paulina Wilk May 2012 www.tse.fi/pei/ Contents 1. General information 3 2. Economic development 7 3. Political scene 14 4. Prosperity and consumption 19 5.
More information1THE REPUBLIC 2 2ECONOMY 4 4INDUSTRIAL PARK 8 5THE LAND-USE MASTER PLAN 10 7BENEFITS 14 8 CONTENTS ONE-STOP OF BELARUS
CONTENTS 1THE REPUBLIC 2 OF BELARUS 2ECONOMY 4 AND INDUSTRY 3 ATTRACTION 6 OF FOREIGN CAPITAL 9 ONE-STOP 10 18 STATION GUARANTEES 20 FOR INVESTORS 4INDUSTRIAL PARK 8 OVERVIEW 5THE LAND-USE MASTER PLAN
More informationGreat Stone Industrial Park: Investment opportunities on Silk Road Economic Belt
Great Stone Industrial Park: Investment opportunities on Silk Road Economic Belt About the park GREAT STONE industrial park: - Territorial unit of the Republic of Belarus; - Free economic zone; - Special
More informationBelarus. Capital city: Minsk. GDP/capita 2016: USD 4,986. Telephone code: Languages: Belarussian / Russian. National day: 3 July
Belarus ALBANIA Capital city: Minsk Area: 207,600 km 2 Population: 9,498,700 Languages: Belarussian / Russian Political system: Presidential Republic GDP/capita 2016: USD 4,986 Currency: Belarussian ruble
More informationLithuania Country Profile
Lithuania Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Lithuania EU Member State Yes Double Tax Treaties With: Armenia Austria Azerbaijan
More informationLatvia Country Profile
Latvia Country Profile EU Tax Centre June 2018 Key tax factors for efficient cross-border business and investment involving Latvia EU Member State Double Tax Treaties With: Albania Armenia Austria Azerbaijan
More informationKazakhstan: on the wave of structural reforms. Aset Irgaliyev, PhD First Deputy Chairman Economic Research Institute
Kazakhstan: on the wave of structural reforms Aset Irgaliyev, PhD First Deputy Chairman Economic Research Institute September 2015 New economic reality: transformation of global economy Over the last 12
More informationTag der Belarussischen Wirtschaft, Berlin, 28. Oktober 2013
Tag der Belarussischen Wirtschaft, Berlin, 28. Oktober 2013 Sergey Novitsky Stellv. Vorsitzender der Ständigen Kommission des Rates der Republik der Nationalversammlung für Regionalpolitik und örtliche
More informationSerbia Country Profile
Serbia Country Profile EU Tax Centre July 2015 Key tax factors for efficient cross-border business and investment involving Serbia EU Member State Double Tax Treaties With: Albania Austria Azerbaijan Belarus
More informationRobert Pasternak, Attorney at law and Partner in Charge of Deloitte Legal. Poland
Robert Pasternak, Attorney at law and Partner in Charge of Deloitte Legal Poland FDI in Poland current situation Amount of FDI (period 1990-2015): EUR 173,6 billion (an average of PLN 26 billion) per year
More informationMontenegro Country Profile
Montenegro Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Montenegro EU Member State (EU candidate) Double Tax Treaties With: Albania
More informationSlovenia Country Profile
Slovenia Country Profile EU Tax Centre July 2015 Key tax factors for efficient cross-border business and investment involving Slovenia EU Member State Double Tax Treaties With: Albania Armenia Austria
More informationNational Export & Investment Agency KAZNEX INVEST Ministry of Investment and Development
National Export & Investment Agency KAZNEX INVEST Ministry of Investment and Development Invest in Kazakhstan Basic Facts National Flag National Emblem Area: 2,724,000km 2 (1,051,742 sq.miles),9 th largest
More informationCroatia Country Profile
Croatia Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Croatia EU Member State Double Tax Treaties With: Albania Armenia Austria Azerbaijan
More informationIceland Country Profile
Iceland Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Iceland EU Member State No, however, Iceland is a Member State of the European
More informationAccess to External Finance by Industrial Companies under two scenarios: Westward vs. Eastward Integration
Policy Briefing Series [PB/01/2014] Access to External Finance by Industrial Companies under two scenarios: Westward vs. Eastward Integration Ricardo Giucci, Robert Kirchner, Vitaliy Kravchuk Berlin/Kyiv,
More informationDOING BUSINESS IN BELARUS
DOING BUSINESS IN BELARUS CONTENTS 1 Introduction 3 2 Business environment 4 3 Foreign Investment 7 4 Setting up a Business 15 5 Labour 17 6 Taxation 19 7 Accounting & reporting 25 8 UHY Representation
More informationDoing Business in Belarus. October 2012
Doing Business in Belarus October 2012 2 Doing Business in Belarus The Belarusian Chamber of Commerce and Industry is pleased to present this brochure, prepared by specialists at Ernst & Young, the leading
More informationSince 1922 Belarusbank reliable partner
Since 1922 Belarusbank reliable partner Nikolai Vavokhin Head of Representative Office in Germany Frankfurt am Main, September 8, 2014 Agenda 1. Belarus - Economic Environment 2. Belarusbank - Business
More informationSwitzerland Country Profile
Switzerland Country Profile EU Tax Centre June 2018 Key tax factors for efficient cross-border business and investment involving Switzerland EU Member State No. Please note that, in addition to Switzerland
More informationSwitzerland Country Profile
Switzerland Country Profile EU Tax Centre July 2015 Key tax factors for efficient cross-border business and investment involving Switzerland EU Member State No. Please note that, in addition to Switzerland
More informationSlovakia Country Profile
Slovakia Country Profile EU Tax Centre July 2016 Key tax factors for efficient cross-border business and investment involving Slovakia EU Member State Double Tax Treaties Yes With: Australia Austria Belarus
More informationUNION OF MANUFACTURERS AND BUSINESSMEN (EMPLOYERS) OF ARMENIA
UNION OF MANUFACTURERS AND BUSINESSMEN (EMPLOYERS) OF ARMENIA UNION OF MANUFACTURERS AND BUSINESSMEN (EMPLOYERS) OF ARMENIA The UMB(E)A is a not-for-profit non-governmental organization that unites businessmen
More information2,2TRN USD.$ 182,7 20MLN.SQ. THE MEMBER STATES OF THE EURASIAN ECONOMIC UNION. The Republic of Armenia joined the EAEU on 2 January 2015
Vienna 2017 THE MEMBER STATES OF THE EURASIAN ECONOMIC UNION The Republic of Armenia joined the EAEU on 2 January 2015 GDP 2,2TRN USD.$ The Kyrgyz Republic joined the EAEU on 12 August 2015 POPULATION
More informationBELARUSIAN MACROECONOMIC FORECAST No. 2(13), November 2016
BELARUSIAN MACROECONOMIC FORECAST No. 2(13), November 2016 Macroeconomic adjustment leads to a prolonged recession Executive summary GDP: We expect the recession to continue in 2016 and 2017; real output
More informationA brief introduction to Armenia. Market Research Department, SCHNEIDER GROUP October 2018
A brief introduction to Armenia Market Research Department, SCHNEIDER GROUP October 2018 Contents Introduction General Overview International Cooperation Regional Economy Key Industries in Armenia Pro-Business
More informationBATUMI BUSINESS TOUR 27 SEPTEMBER - 01 OCTOBER 2016 BUSINESS TOUR
BATUMI BUSINESS TOUR 27 SEPTEMBER - 01 OCTOBER 2016 BUSINESS TOUR GENERAL INFORMATION ABOUT GEORGIA Area: 69,700 sq km Population: 3.7 mln Life expectancy: 75 years Official language: Georgian Literacy:
More informationConstruction and infrastructure in Russia. Vladimir Kazakov Market Research Director, SCHNEIDER GROUP May 2016
Construction and infrastructure in Russia Vladimir Kazakov Market Research Director, SCHNEIDER GROUP May 2016 Agenda Executive Summary Construction: Role in the Economy Residential Real Estate Commercial
More informationBusiness Environment: Russia
Business Environment: Russia Euromonitor International 13 April 2010 Despite the economic recession of 2009, a recovery is expected in 2010. The business environment remains challenging due to over-regulation,
More informationMongolia Tax Profile. Produced in conjunction with the KPMG Asia Pacific Tax Centre. Updated: June 2015
Mongolia Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: June 2015 Contents 1 Corporate Income Tax 1 2 Income Tax Treaties for the Avoidance of Double Taxation 6 3 Indirect
More informationSweden Country Profile
Sweden Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Sweden EU Member State Double Tax Treaties With: Albania Armenia Argentina Azerbaijan
More informationTax Card With effect from 1 January 2016 Lithuania. KPMG Baltics, UAB. kpmg.com/lt
Tax Card 2016 With effect from 1 January 2016 Lithuania KPMG Baltics, UAB kpmg.com/lt CORPORATE INCOME TAX Taxable profit of Lithuanian and foreign corporate taxpayers is subject to a standard (flat) rate
More informationDoing Business in Belarus. April 2012
Doing Business in Belarus April 2012 2 Doing Business in Belarus The Belarusian Chamber of Commerce and Industry is pleased to present this brochure, prepared by specialists at Ernst & Young, the leading
More informationTax Card KPMG in Macedonia. kpmg.com/mk
Tax Card 2016 KPMG in Macedonia kpmg.com/mk TAXATION OF CORPORATE PROFITS Corporate income tax (CIT) is due from profits realized by resident legal entities as well as by non-residents with a permanent
More informationThe Netherlands Digital Gateway to Europe 2016 Meijburg & Co, Tax Lawyers, is an association of limited liability companies under Dutch law,
The Netherlands Digital Gateway to Europe and is a member of KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. 1 With you today Willem Jan Paardekooper Meijburg
More informationMoney market. Alexander Mukha
Currency Market and Banking System: Pressure of adverse factors Alexander Mukha 219 Summary In 2013, Belarus faced a marked deterioration of external terms of trade, which brought about export cuts, drops
More informationINVESTMENT OPPORTUNITIES OF THE REPUBLIC OF MOLDOVA. Ministry of Economy of the Republic of Moldova
INVESTMENT OPPORTUNITIES OF THE REPUBLIC OF MOLDOVA Ministry of Economy of the Republic of Moldova Favourable geopolitical position MOLDOVA TODAY A BRIDGE BETWEEN EAST AND WEST Population GDP growth rate
More informationTaxation of Cross-Border Mergers and Acquisitions
KPMG INTERNATIONAL Taxation of Cross-Border Mergers and Acquisitions Slovenia kpmg.com 2 Slovenia: Taxation of Cross-Border Mergers and Acquisitions Slovenia Introduction Slovenia has a small and open
More informationBelarusian Industrial Sector: Performance, Trends and Issues. Belarus Economic Policy Note July 8, 2010, Minsk
Belarusian Industrial Sector: Performance, Trends and Issues Belarus Economic Policy Note July 8, 2010, Minsk Outline Industrial performance in 2005-08: sources of growth Below the surface: warning signs
More informationChina s Overseas Direct Investment (ODI): Current situation and future outlook
China s Overseas Direct Investment (ODI): Current situation and future outlook New York Stock Exchange (NYSE) Dr. Qin Xiao Chairman, the Boyuan Foundation January 7, 2015 Agenda A. China s ODI: High Growth
More informationInvest in Kazakhstan
Invest in Kazakhstan 1 Investment attractiveness of Kazakhstan Why Kazakhstan Investors are attracted to Kazakhstan for a variety of reasons Ease of Doing Business According to the 2016 World Bank report
More informationPoland Country Profile
Poland Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Poland EU Member State Yes Double Tax Treaties With: Albania Algeria Armenia
More informationPriorities of the Government of the Republic of Moldova in the area of attracting investments and promoting exports
Ministry of Economy and Infrastructure of the Republic of Moldova Priorities of the Government of the Republic of Moldova in the area of attracting investments and promoting exports THE REPUBLIC OF MOLDOVA
More informationECONOMIC MONITOR MOLDOVA Issue 7 January 2018
ECONOMIC MONITOR MOLDOVA Issue 7 January 218 Overview Economic growth at 3.5% in 217 Weaker growth of 3.% expected in 218 due to decreased consumption demand Inflation at 6.6% in average during 217; lower
More informationFOREWORD. Cyprus. Services provided by member firms include:
216/17 FOREWORD A country's tax regime is always a key factor for any business considering moving into new markets. What is the corporate tax rate? Are there any incentives for overseas businesses? Are
More informationEuropean Union: Accession States Tax Guide. LITHUANIA Lawin
A. General information European Union: Accession States Tax Guide LITHUANIA Lawin CONTACT INFORMATION Gintaras Balcius Lawin Jogailos 9/1 Vilnius, LT-01116 Lithuania 370.5.268.18.88 gintaras.balcius@lawin.lt
More informationKAZAKHSTAN: MARKET WITH POTENTIAL FOR SWISS SME?
KAZAKHSTAN: MARKET WITH POTENTIAL FOR SWISS SME? Michael Kühn, Senior Consultant Russia+CIS Lugano, 3.2.2016 Content 1 - Country Profile 2 - Kazakhstan s Trade Relations: globally and with Switzerland
More informationFinland Country Profile
Finland Country Profile EU Tax Centre July 2016 Key tax factors for efficient cross-border business and investment involving Finland EU Member State Double Tax Treaties With: Argentina Armenia Australia
More informationDISCOVER YOUR WAY TO AZERBAIJAN
DISCOVER YOUR WAY TO AZERBAIJAN VALUE PROPOSITION PROVEN TRACK RECORD AND STABILITY STRATEGIC LOCATION FAVOURABLE BUSINESS CLIMATE QUALIFIED WORK FORCE VALUE PROPOSITION PROVEN TRACK RECORD AND STABILITY
More informationMail Order Business in Russia and the Role of the Catalogue
Mail Order Business in Russia and the Role of the Catalogue ERA Annual Meeting 2007 22-24 October, Verona, Italy Zafer Toker, Deputy Managing Director Mir Knigi, Moscow e-mail: ztr@mirknigi.ru What is
More informationAustria Country Profile
Austria Country Profile EU Tax Centre March 2014 Key tax factors for efficient cross-border business and investment involving Austria EU Member State Yes Double Tax Treaties With: Albania Algeria Armenia
More informationTAX PROFILE, ESTONIA. (published in BNAI's Global Tax Guide) KEY FACTS INTRODUCTION RECENT DEVELOPMENTS. Kaido Loor and Elvira Tulvik
TAX PROFILE, ESTONIA (published in BNAI's Global Tax Guide) Kaido Loor and Elvira Tulvik Estonia Pärnu mnt 15, 10141 Tallinn phone +372 6 400 900, estonia@sorainen.com Latvia Kr. Valdemāra iela 21, LV-1010
More informationFOREWORD. Estonia. Services provided by member firms include:
2016/17 FOREWORD A country's tax regime is always a key factor for any business considering moving into new markets. What is the corporate tax rate? Are there any incentives for overseas businesses? Are
More informationTax. Belarus Business and Investment Guide Tax Issues 2014
Tax Belarus Business and Investment Guide Tax Issues 2014 Contents Country profile 6 Incentives for foreign investors 7 Tax administration 9 Types of business presence 14 Taxation of businesses in Belarus
More informationSpain Country Profile
Spain Country Profile EU Tax Centre July 2016 Key tax factors for efficient cross-border business and investment involving Spain EU Member State Double Tax Treaties With: Albania Algeria Andorra Argentina
More informationThis "DB" Rating Indicates: Slight risk
POLAND Region : Eastern Europe Edition : November 2012 D&B Country Risk Indicator DB3a This "DB" Rating Indicates: Slight risk Enough uncertainty over expected returns to warrant close monitoring of country
More informationSerbian Tax Card 2018
Serbian Tax Card 2018 KPMG d.o.o. Beograd kpmg.com/rs CORPORATE INCOME TAX A resident is a legal entity which is incorporated or has a place of effective management and control on the territory of Serbia.
More informationBelarus Economy as part of Common Economic space: analysis and forecast
Institute of Economic Forecasting, Russian Academy of Sciences Belarus Economy as part of Common Economic space: analysis and forecast Performed by Savchishina Ksenia Institute of Economic Forecasting
More informationThis "DB" Rating Indicates: Slight risk
POLAND Region : Eastern Europe Edition : April 2014 D&B Country Risk Indicator DB3a This "DB" Rating Indicates: Slight risk Enough uncertainty over expected returns to warrant close monitoring of country
More informationFOREWORD. Lebanon. Services provided by member firms include:
2016/17 FOREWORD A country's tax regime is always a key factor for any business considering moving into new markets. What is the corporate tax rate? Are there any incentives for overseas businesses? Are
More information2018 TAX GUIDELINE. Poland.
2018 TAX GUIDELINE Poland poland@accace.com www.accace.com www.accace.pl Contents General information about Poland 4 Legal forms of business 5 General rules on purchasing real estate by foreigners 5 Legal
More informationCyprus Country Profile
Cyprus Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Cyprus EU Member State Yes Double Tax Treaties With: Armenia Austria Bahrain
More informationEnergy Efficiency Fund of the Republic of Moldova. 22 April 2014, Minsk, Belarus
Energy Efficiency Fund of the Republic of Moldova 22 April 2014, Minsk, Belarus Geographical position GENERAL DATA population 3 559 500 Total area 33 846 km 2 GDP (nominal) 7.252 b USD. Total energy consumption
More informationIreland Country Profile
Ireland Country Profile EU Tax Centre June 2018 Key tax factors for efficient cross-border business and investment involving Ireland EU Member State Yes Double Tax Treaties With: Albania Armenia Australia
More informationDoing Business in Belarus. January 2018
Doing Business in Belarus January 2018 This brochure provides information as of 1 January 2018. Belarus has long been known as a country pursuing a multi-vector foreign policy aimed at building constructive
More informationSetting up your Business in Georgia Issues to consider
Georgia is one of the world s fastest growing economies and in the region is leading location for global investment. As a result of innovative reforms implemented in Georgia, the World Bank rated Georgia
More informationGreece Country Profile
Greece Country Profile EU Tax Centre June 2018 Key tax factors for efficient cross-border business and investment involving Greece EU Member State Double Tax Treaties With: Albania Armenia Austria Azerbaijan
More informationCyprus Country Profile
Cyprus Country Profile EU Tax Centre June 2018 Key tax factors for efficient cross-border business and investment involving Cyprus EU Member State Yes Double Tax Treaties With: Armenia Austria Bahrain
More informationTax Card KPMG in Bulgaria. kpmg.com/bg
Tax Card 2017 KPMG in Bulgaria kpmg.com/bg CORPORATE TAX Corporate income tax (CIT) is due on the accounting profit after adjustments for tax purposes. The applicable tax rate for the year 2017 is 10%.
More informationCyprus Country Profile
Cyprus Country Profile EU Tax Centre July 2016 Key tax factors for efficient cross-border business and investment involving Cyprus EU Member State Yes Double Tax With: Treaties Armenia Austria Bahrain
More informationCzech Republic Country Profile
Czech Republic Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Czech Republic EU Member State Yes Double Tax Treaties With: Albania
More informationINVESTMENT CARD. Doing business in the Baltics and Belarus a snapshot of the most relevant commercial conditions
INVESTMENT CARD Doing business in the Baltics and Belarus a snapshot of the most relevant commercial conditions Effective 1 January 2018 Indicator Estonia Latvia Lithuania Belarus 1 Ease of doing business
More informationLOCALIZATION IN RUSSIA
RSP International Your expert in Eastern Europe and Central Asia LOCALIZATION IN RUSSIA Benefits from localization in Russia Moscow, June 7, 2017 Content Benefits regarding market access Beeing close to
More informationOpportunities for Engagement
Nanjing University China s 12 th FYP: Transformation and Upgrade Opportunities for Engagement September, 2010 Prof. Li Xindan School of management and engineering Agenda Navigating risk in a land of opportunity
More informationInternational Taxation
International Taxation 2015 www.epwcy.com 1. Tax Planning through Cyprus Cyprus is consistently voted as the most attractive European tax regime by major business organizations and tax professionals across
More informationTurkey Country Profile
Turkey Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Turkey EU Member State Double Tax Treaties With: Albania Algeria Australia Austria
More informationindustrial production special economic zone
industrial production special economic zone Pskov region, Russia 17.02.2015 Moglino Special economic zone 02. Pskov region on the map of Russia St Petersburg North-West Federal District Moscow 03. Geographical
More informationBWHS Law Firm. Doing Business in Poland
BWHS Law Firm Doing Business in Poland Why to invest in Poland? Polish sound economy good traditions of trade relations PL - EU member for 8 years now friendly legal environment EU funds Poland - Economic
More informationFDI in Central, East and Southeast Europe: Declines due to Disinvestment
Wiener Institut für Internationale Wirtschaftsvergleiche The Vienna Institute for International Economic Studies www.wiiw.ac.at wiiw FDI Report 218 FDI in Central, East and Southeast Europe: Declines due
More informationBULGARIAN TAX GUIDE 2017
GLOBAL CONSULT EUROPE LTD. Sofia 1504, Bulgaria 23A San Stefano str. Tel : +359 889 85 00 87 info@companyinbg.com www.companyinbg.com BULGARIAN TAX GUIDE 2017 I. CORPORATE INCOME TAX (CIT) Resident companies
More informationImpact of the Russian CFC Law on Inbound Foreign Investors *
25 November 2014 Impact of the Russian CFC Law on Inbound Foreign Investors * By Dr. Vladimir Starkov Recently, the Russian authorities amended the country s Tax Code to revise provisions that govern taxation
More informationRomania Country Profile
Romania Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Romania EU Member State Yes Double Tax Treaties With: Albania Algeria Armenia
More informationSpain Country Profile
Spain Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Spain EU Member State Double Tax Treaties With: Albania Algeria Andorra Argentina
More information