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Vladimir Kotenko In mid April 2009 the state tax administration of Ukraine (STAU) clarified that the industrial entities eligible for the accelerated tax depreciation of fixed assets (25% per annum) can report increased tax depreciation charges only in the annual 2009 profit tax return (STAU letter # 8167/7/15-0217 of April 17). It means that during the year of 2009 (i.e. in the tax returns for the first quarter, half year and for the three quarters) the taxpayers will have to apply to qualified assets lower tax depreciation rates.

Thomas Pippos The recently elected government delivered its first budget after nearly a decade in opposition on May 28, and from their perspective, it really is a case of drawing the short straw.

Stefan Ditsch During the financial crisis, the finance ministry has been clear on the need to relieve businesses threatened with a cash shortage and has instructed tax offices to be lenient to taxpayers requesting relief from payment on account obligations in the light of failing profits.

Janne Juusela The Finnish Ministry of Finance is contemplating the possibility of limiting the right to deduct interest expenses in corporate taxation. The ministry has prepared a survey on the matter, which has been circulated for comments. In case the Finnish government decides, on the basis of the survey, to propose limitations to companies' right to deduct interest expenses in taxation, Finnish companies may be forced to restructure their financing structures.

Yaniv Lukov A new double tax treaty was signed between Cyprus and the Czech Republic on April 28 2009. The treaty replaces the previous agreement between Cyprus and the former Czechoslovakia. The treaty still needs to be ratified by the Czech and the Cypriot parliament to enter into force.

Nélio Weiss Philippe Jeffrey The tax treaty for the avoidance of double taxation and the prevention of fiscal evasion concluded between Brazil and Russia on November 22 2004 is expected to be effective as of January 1 2010. The treaty, which is mainly based on the OECD model, sets out standard regulations on permanent establishment and business profits issues and limits withholding tax rates on remittances. Yet, article 22 of the tax treaty, which grants taxing rights to the source country with respect to other income, still demonstrates a clear protection of exclusive source-based taxation rights, which is diverging from the OECD model convention.

Omar Zuniga of GE Mexico tells Joanna Faith how he and his tax department are dealing with the economic downturn

Deloitte in the UK has promoted seven directors to partner. Helen Devenney, Myles Duckworth and Ben Powell have all been promoted to indirect tax partners. Tim Haden, Nick Marsden and Ben Moseley all specialise in corporate tax and will be based in London, Leeds and Liverpool respectively. Richard Day is experienced in compensation and tax planning and will work from the firm's Birmingham office. The firm also announced the appointment of six tax specialists to associate partner.

Werner Heyvaert has left Stibbe to join Jones Day as an of counsel. He was a tax partner of Stibbe's Brussels office where he advised on M&A, joint ventures, holdings, financing operations and transfer pricing. He joined Jones Day's Brussels' office on June 15.

Sean Foley Landon McGrew The Internal Revenue Service (IRS) appears to be gearing up for increased international tax enforcement initiatives in the coming year as evidenced by the recent release of the IRS strategic plan 2009-2013 and the President's proposed budget for the fiscal year 2010.