Renewed tax amnesty in Russia Aug 15

Renewed capital amnesty took force in Russia on March 1, 2018 and will be effective until February 28, 2019.
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Discussions of Budget and Taxes in Hungary Aug 08

Hungary is in the process of discussing and approving its central budget for year 2019. The main aims continue to be low deficit, high growth and stable currency.
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Changes to taxation of the immovables in Estonia Aug 01

From the October 1st, 2018, the second phase of the Estonian Act on Amendments to the Value Added Tax Act will take force, concerning the taxation of immovables with VAT.
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Updates to personal data protection laws in Belarus Jul 25

New GDPR rules that took force in EU also affect business with non-EU countries. Belarus acknowledges the need to update its own data protection legislation to better match the business environment. Current main laws of data protection in Belarus are 10 years old.
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Changes to the registration laws of foreign nationals in Russia Jul 18

The employers of foreign nationals are not allowed to register the employees anymore to their office address.
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Long-term Ukrainian visas available for investors Jul 12

On March 14, 2018, the rules of entry to Ukraine for international investors were updated. One of the most important changes is that foreign investors can now obtain a long-term visa by confirming the size of their stake in an investment in Ukraine that amounts to not less than 100 000 euros.
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Ukrainian banks’ permission to identify individuals Jul 04

The National Bank of Ukraine has proposed to grant third parties (banks) the right to identify and verify individuals when opening bank account.
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Establishing Business Trips Procedure in Lithuania Jun 27

According to the Lithuanian Labour Code, if during the business trip the employee has additional costs (e.g. transport, travel, accommodation), these costs have to be compensated by the employer. If no advance agreement has been made on the business trip formalization, the calculation of daily allowances, reimbursement of business trip expenses and other important matters, the employee has the right to choose accommodation and employer has to cover the costs.
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