Tax & Accounting Blog

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VAT rates in Crimea

The State Council of Crimea has proposed new Value Added Tax rates, a standard rate of 4%, and a reduced rate of 2%, effective June 1, 2014. Furthermore, according to a recent directive by Russian President Vladimir Putin, domestic travel to Crimea will not be subject to Russia’s 18% VAT rate, but will have a rate of 0% … Read More

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European Commission Issues Economic Policy Recommendations

The European Commission released policy recommendations on Monday June 2, 2014  for 26 EU member states. The recommendations are designed to strengthen the economic recovery of the last year, and include country-specific recommendations. The Commission identifies areas of progress including an expectation that all EU economies will grow in 2015, an overall improvement in public finances … Read More