The collapse of Russian Sberbank must also be dealt with by public procurers who have been using its services. It is not always necessary to conclude new banking contracts (e.g., credit or current accounts) via a procurement procedure: the law also defines situations where it is possible to conclude banking contracts in a more straightforward way.

Outlining value-added tax (VAT) systems in 142 jurisdictions, the 2022 edition of our annual reference book is now available to download as a pdf. All of the content is current as of 1 January 2022. New chapters for 2022 include: Anguilla, Bhutan, Cambodia, Congo (Republic of the), Lao (People’s Democratic Republic of) and Sri Lanka. The Oman chapter has also been updated to reflect the new VAT law.

Mazars, the international auditing, tax and consulting company, in cooperation with Mergermarket, introduced the “Investing in CEE: Inbound M&A Report 2021/22” study, according to which the value of concluded transactions in 2021 in the Central and Eastern Europe (CEE) region is the highest in the past five years. Mazars’ research indicates that fear of the Covid-19 pandemic, growing inflation and energy market volatility do not play a decisive role for investors. According to the experts, this means a promising beginning of the year 2022 from the perspective of transaction activity.  

Inflation is one of the main economic issues for 2022. The impact of high input prices and disrupted supply chains are other factors businesses must cope with. But there are also other adverse factors. The slowing economy has also revealed new issues in the area of transfer pricing.