Thank you for your cooperation in 2021!

Winter has arrived and with it Christmas is getting closer and closer. Most of all, it means having a good time with family and friends. At the same time, the holidays can also be very busy: the last gifts need to be wrapped, Christmas dinner is on the stove, pets have to be kept away from the Christmas tree and at the same time children try to steal cookies. We, Schmidt & Schmidt, traditionally summarize the past year on the eve of the new year and at Christmas and define plans for the future. The year 2021 offered our company a multitude of opportunities for further development and became a year full of successes, new achievements as well as challenges and difficulties overcome.

HighlightedHolidaysNew Year

22 December 2021

The Technical Regulation for toys will be changed

The Technical Regulation set minimum requirements for the safety of products during the EAC Certification, EAC Declaration or state registration.

TR CUToys

22 December 2021

The customs tariff numbers for pressure equipment and particular types of special foodstuff including dietic clinical and dietic protective nutrition will be updated

Confirmation of conformity (e.g. in the form of an EAC certificate or an EAC Declaration) according to the requirements laid down in the EAEU.

HS-CodeTR CU

21 December 2021

In the Netherlands, New Governing Coalition Announces Plans to Tighten CFC Rules and Introduce a Global Minimum Tax

Almost nine months after parliamentary elections in the Netherlands were held, the parties that were part of the previous government agreed on a new coalition agreement. The new coalition government's plans include various tax reforms.

TaxesReformen

21 December 2021

Greece creates an electronic register of authorized translators

The Greek authorities are creating an online service designed to facilitate the implementation of the official translation of documents.

Public documents

20 December 2021

British bank fined £ 264m for possession of laundered money

The Crown Court of Southwark (London, UK) fined NatWest (formerly Royal Bank of Scotland) £ 264 million for failing to prevent money laundering in the total amount of about £ 365 million. This case was the first of its kind in modern British history.

BankMoney laundry

20 December 2021

Luxembourg Commercial Register introduced new requirements for registration of company representatives

The Luxembourg Business Register (LBR) has issued a public notice to change a number of registration procedures.

16 December 2021

U.S. Corporate Transparency Act: beneficial ownership reporting and the end of corporate confidentiality

Financial Crimes Agency FinCEN has published proposals to amend the US Corporate Transparency Act.

USABeneficial owners

15 December 2021

The 52nd Technical Regulation TR EAEU “On Safety of Underground Vehicles” was adopted in Russia

The technical regulation relates to the requirements for marking and regulations for their use as well as forms, schemes and procedures for conformity assessment in the form of, for example, EAC certification or EAC declaration

Metro

15 December 2021

Cyprus raises corporate tax rates

The Cyprus Ministry of Finance is preparing a comprehensive tax reform, the corporate tax rate will increase from 12.5% to 15%, taking into account the global tax reform of the OECD.

TaxesCyprus

14 December 2021

The list of products that are subject to EAC certification or declaration will be updated

On December 6, 2021, a public discussion began on the changes to the list of products subject to the EAC certification or EAC declaration.

Standards

14 December 2021

Uzbekistan introduces electronic apostille

From March 1, 2022, official documents of Uzbekistan can be certified with an electronic apostille. The corresponding regulations have been developed by the government of the country.

ApostilleElectronic apostille

13 December 2021

The Russian government extends the simplified procedure for the import of medical devices to fight COVID-19

The Prime Minister of the Russian Federation, Mikhail Mishustin, chaired a weekly meeting of the Presidium of the Coordinating Council of the Government to Combat the Spread of the New Coronavirus Infection in Russia.

ImportCoronavirusMedical goods

13 December 2021

Demand for apostille services has tripled in Moldova

Employees of the Ministry of Justice of Moldova now process an average of about 1000 applications for apostilization per day, while earlier this figure was about 300 applications.

ApostilleNews

10 December 2021

The US authorities have proposed to create a special register of companies to fight againstmoney laundering and terrorist financing

The US Treasury Department has proposed creating a special registry that will help close loopholes that allow organized crime, terrorists and corrupt officials to launder dirty money through shell companies.

Anti Money LaunderingUSA

09 December 2021

Sworn translators in the Netherlands come out to protest

Sworn translators in the Netherlands are demanding higher wages and criticizing the policy of the country's authorities on issues related to official translation.

Translation

08 December 2021

The forms of the EAC certificates and declarations will be changed

This approves the uniform forms of EAC certificates and EAC declarations.

07 December 2021

Cyprus Tax Department clarifies conditions of penalties for non-disclosure of information on cross-border transactions

A Circular was published in Cyprus clarifying administrative penalties for non-compliance with DAC6 reporting requirements.

TaxesCyprus

07 December 2021

The technical regulation for agricultural or forestry operation vehicles and trailers have been changed

The Technical Regulation set minimum requirements for the safety of products during the EAC Certification, EAC Declaration or state registration.

TR CUTR CU 031/2012

02 December 2021