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June 2020: International Tax Planning Review

June 2020: International Tax Planning Review

Russian-Cypriot negotiations to amend double tax treaty On 25 June 2020 Russia and Cyprus started negotiations on amendments to the Agreement for the avoidance of double taxation dated 5 December 1998 (as amended in 2010) existing between the countries. Russia’s position is that the payment of dividends from Russia to Cyprus should be taxed in

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Automatic exchange and citizenship by investment programs

Automatic exchange and citizenship by investment programs

16 October 2018 the Organisation of Economic Co-operation and Development (OECD) has published a list of jurisdictions that provide citizenship, residence and special types visas to foreign individuals by investment in its economy, that potentially may be used for avoidance of automatic exchange of information about financial accounts of taxpayers (automatic exchange) at OECD’s opinion.

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New program of citizenship by investment of Saint Kitts and Nevis

New program of citizenship by investment of Saint Kitts and Nevis

Due to natural disasters that occurred in Caribbean countries in September 2017 the authorities of Saint Kitts and Nevis had established a new program of donations that entitle to obtain citizenship. In order to obtain passport of citizen of Federation of Saint Kitts and Nevis any person can apply for new program of local authorities

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