Country News

In order to minimize the influence of the worldwide epidemiological crisis on the economy, the President of the Republic of Belarus signed Decree № 143 dd. April 24, 2020 “On economy support”, which sets forth the following measures of state support for business.

On April 26, the Government of Russia issued a decree on new deadlines for provision of information on the employees’ labor activities. Now employers are required to inform the Pension Fund within 1 business day about the hiring or dismissal of employees.

On April 28, Vladimir Putin signed a decree on extension of the non-working days due to the situation with the coronavirus. He declared May 6-8 as non-working days. Thus, restrictions for business have been extended until May 11, inclusive, taking into account the May holidays in Russia.

By the Decree of the Government of the Republic of Kazakhstan No. 224 dated April 20, 2020 “On further measures to implement the Decree of the President of the Republic of Kazakhstan dated March 16, 2020 No. 287”, additional measures were introduced to support business and the population in the Republic of Kazakhstan.

On March 25, during a televised address, Russian President Vladimir Putin announced the need to revise the Double Taxation Treaties (hereinafter – the Treaties) with jurisdictions that are used to transfer income received in Russia abroad.