Overview of tax events for January 2015

Download PDF On 1 January 2015, Russia, Belarus and Kazakhstan came up to a new level of economic integration, with the Eurasian Economic Union (the 'EEU') starting to function at the beginning of this year. It will become the 'successor' of the Customs Union created by the three countries in 2010.

The EEU creates a common market that operates based on the rules of the World Trade Organization. Thus, citizens of one member state working in another member state under an employment contract will pay personal income tax in the same way as local individuals do, rather than as foreign citizens.