Analytics and brochures

А prohibition is being introduced against personal data of Russian nationals being collected and stored using foreign databases; a corporate structure of the tiered ownership companies may be allowed in Russia; the deadline has been updated for a compensation to be paid to a foreign holding company when its rights are suspended in an economically significant enterprise.

This month’s theme is the Domestic Minimum Top-Tax in the UAE, effective for financial years starting on or after 1 January 2025.

The functionality has been expanded of the register of compulsory requirements for business; amendments have been developed with a view to fighting cybercrime; it has been proposed that unlabelled products which have been confiscated be channelled for humanitarian purposes.

The procedure has been specified for funds to be transferred from type ‘C’ accounts if a bank goes bankrupt; fines can be multiplied for violating the requirements for protecting restricted information.

Updates have been made to the procedure for issuing permissions to purchase foreign goods; the sale of an interest in an LLC may be simplified; adjustments are proposed to the rules for controlling the processing of PD.

The specifics of state control have been set out in greater detail; fines can be increased for economic crimes and failure to submit information regarding transactions.