* South Africa-Seychelles DTA Protocol Comes Into Effect The double taxation agreement (DTA) between South Africa and the Seychelles has been ratified and went into effect on May 15, 2012. More here. ———————————————————————————————————————————————– * US To Establish Normal Trade With Russia 13 June 2012, Washington United States establish permanent normal trade relations (PNTR) with Russia and repeal the 1974 Jackson-Vanik amendment. For further details, please check here. ———————————————————————————————————————————————– * IFRS’s 2011 Annual Report Published 12 June 2012 The International Financial Reporting Standards (IFRS) Foundation published the complete 2011 Annual Report. The Annual Report, divided in three sections Trustees of the IFRS Foundation, Standard-setting activities, and Financials is available here.