PRESS RELEASE FOR AUGUST, 2022

PRESS RELEASE FOR AUGUST, 2022

Official Press Release of Financial Chain Corporation. We are entirely responsible for all of the content and its accuracy and are ready to disclaim or correct any wrong or scammy information we are answerable for. Do not hesitate to
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August 2, 2022, MONTHLY UPDATE ON THE LEGAL REGIME

Decree of the President of the Republic of Azerbaijan on the creation of a single database of foreigners under the age of 18 and stateless persons who arrived unaccompanied or remained unaccompanied after arrival in the territory of the Republic of Azerbaijan and on amendments to the “Regulations on the unified migration information system of the State Migration Service of the Republic of Azerbaijan ”, approved by Decree of the President of the Republic of Azerbaijan No. 276 dated June 4, 2010.

The State Tax Service reported that since persons who receive income from the rental of property are not eligible to apply a simplified tax…

August 4, 2022, KAZAKHSTAN: NEWS AND ACCOUNTING ACTIVITIES, AUGUST 2022

Amendments adopted to the Tax Code of Kazakhstan are:

• increase of MET rate (mining tax) from 30 to 50% for the purpose of obtaining additional revenues from the mining sector,
• Differentiated rates are provided for digital mining taxation…

… Other activities in the area of primary documentation check-up/collection, reconciliation acts, and matching electronic invoices….

August 9, 2022, THE LAW ON VIRTUAL ASSETS IN KYRGYZSTAN

The Law of the Kyrgyz Republic “on Virtual assets” dated January 21, 2022 No. 12 came into force in the country. The purpose of the Law is to regulate relations arising from the turnover of virtual assets, i.e., their creation, issue, storage, and circulation.

Blockchain, virtual assets, virtual asset wallet, miner, mining, mining equipment, industrial mining, virtual asset trading operator (crypto-exchange), digital token, virtual asset issuer, and other concepts ….

… A virtual asset is a digitized intangible asset that is an expression of value and a means of certifying property rights and is created, stored, and circulated using….

August 11, 2022 ABOLISHMENT OF SPV-M AND SPV-TD AS OF JANUARY 1, 2023, IN RUSSIA

The Ministry of Labor of the Russian Federation abolished monthly SPV-M and SPV-TD, and three other reports, which will come to force on January 1, 2023. Accountants are to submit two new forms instead of the five usual ones. The mentioned guarantees remain only for highly qualified specialists temporarily staying in Russia.