Q. Can you alter or terminate a contract in the Russia Federation? A. The relevant regulations of the Russian Federation allows contracts to be altered or terminated as follows: Mutual agreement between the parties Through the court a party may claim the other party committed a material breach or there is a substantial change in…
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In May 2016, value-added tax (‘VAT’) was reformed and expanded to several key sectors. The reforms unifies all sectors within a disruptive VAT system. It provides incentives to distribute the tax burden down the VAT chain. VAT unification stands to decrease the payable VAT and improve cash flow for registered taxpayers. VAT is offset by…
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On 28 January 202, Horizons Corporate Advisory and Zhejiang International Investment Service Center ("ZIIS") signed a Cooperation Agreement to assist Zhejiang province-based Chinese corporations in outbound investment. ZIIS is a foreign-related service institution authorised by the People’s Government of Zhejiang Province to provide services to foreign investors and Chinese corporations. The organisation is a council…
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