News

Russian Ministry of Finance significantly expands list of offshore and non-cooperative jurisdictions for tax purposes

The Russian Ministry of Finance has revised the list of states and territories that (i) provide preferential tax treatment and/or (ii) do not disclose or provide information on financial transactions. The updated List was introduced by Order No. 86n of the Ministry of Finance dated 5 June 2023 and entered into force on 1 July this year.

Jurisdiction of Abu Dhabi Global Market expanded to Al Reem Island

On 24 April 2023, Abu Dhabi Global Market, an international financial centre as a free zone, was expanded significantly to include Al Reem island.

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