Major Tax Developments in Russia and Other CIS Countries; 2007

Major Tax Developments in Russia and Other CIS Countries: 2007 helps to ensure that you're fully informed about every significant new tax law, policy change, judicial ruling or tax treaty development that occurred in this region in 2007. In particular, gain coverage of areas of particular interest to foreign companies operating or investing in the region - including transfer pricing, foreign entities' permanent establishments, guidance on the legitimacy of tax optimization arrangements and tax audits and disputes. It also covers areas of general concern such as tax administration, VAT and customs Russian legislative and regulatory highlights include the participation exemption that will take effect January 1, 2008; new rules on tax audits and new procedures for appealing against tax authorities' decisions; and Finance Ministry proposals for overhauling the existing transfer pricing regime - all of which are covered in the Special Report. Key developments in other CIS countries are featured as well, ranging from new rules on the taxation of permanent establishments and proposed easing of the corporate tax burden in Kazakhstan, to new corporate income tax and value-added tax rules and proposed tax system reform in Ukraine, to tax code amendments implemented in Azerbaijan and Georgia, to a significant reduction of the tax burden in Belarus.The Special Report contains more than a dozen Analysis & Perspective articles, written by leading tax practitioners, that provide in-depth analysis of, and/or practical guidance on, key tax issues or developments, as well as numerous reports on important developments during 2007.Countries covered are Russia, Ukraine, Azerbaijan, Kazakhstan, Uzbekistan, Georgia and Belarus.