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Russia Removing the UAE from Special List of Jurisdictions Considered Offshore Zones from 2024 to 2026

|Proposed Changes|Russia
Russia

Russia has published a draft order from the Ministry of Finance to amend Order No. 35n of 28 March 2024. As previously reported, Order No. 35n approved a special list of states and territories (jurisdictions) that provide a preferential tax regime and/or do not provide for the disclosure and provision of information on financial transactions (offshore zones). The special list was approved according to Law No. 595-FZ of 19 December 2023, which provides, among other things, that the special l…

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