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USA: Global Intangible Low Taxed Income: A Step Away from Territorial
22.03.2018 | The Tax Cuts & Jobs Act of 2017 (the “Act”) has been widely touted by the American media as transforming the U.S. into a territorial system of taxation, in which domestic income is taxed by the U.S. and foreign income is not. While the Act moves the U.S. towards a territorial approach, it is not…
UK: The PSC Register and its implications
22.03.2018 | It has been almost two years since the introduction of the Persons with Significant Control Register (the “PSC Register”) in the UK, but it is quickly evident during due diligence exercises that not all directors have a clear understanding of their obligations. The PSC Register is designed to ensure the ownership of corporate bodies in…
Hungary: Real time invoicing reporting
22.03.2018 | As of 1st July, 2018, all invoices issued between Hungarian taxpayers with a VAT content exceeding HUF 100,000 (Hungarian Forint) must be reported in real time to the tax authority. The draft legislation and the technical requirements have already been published by the Ministry for National Economy/tax authority. However, the final regulation cannot be presented…
Czech Republic: The most important changes in Czech law for entrepreneurs
22.03.2018 | In 2018, a number of changes for entrepreneurs will come about. These will affect, for example, builders, the registration of beneficial owners of legal entities, and unified electronic identification. General Data Protection Regulation (GDPR) Similarly to other EU countries, what is known as the General Data Protection Regulation (GDPR) will also come into effect in…
Switzerland: New electronic notification system for exports and imports
22.03.2018 | From March 1, 2018, all businesses must notify the Swiss customs authority (EZV) of cross-border transactions of goods with Switzerland electronically. With regard to the export of goods from Switzerland: the Swiss VAT Law (SVATL) defines the place of delivery where the transport of the goods begins. Tax-exempt delivery therefore requires a correct export document.…
Ecovis welcomes our new partners from ECOVIS Audit Algeria headquartered in Algiers
14.03.2018 | ECOVIS Audit Algeria was founded in 2013. Abdallah Otsmane Riad is the managing partner of the firm. Together with his wife Addadahine Kawther, who acts as co-manager, they can rely on a team of 13 professionals and 2 administrative staff members.
Ecovis has a new partner in Russia
26.02.2018 | We would like to welcome our new partners from ECOVIS AUDIT-AVANGARD from Moscow. ECOVIS AUDIT-AVANGARD was founded in 2006. Five certified auditors and one administrative staff member assist small and medium enterprises from Russia and Europe. One of the auditors is Irina Makarova. Irina worked for over ten years at Mazars Russia where she leaded…

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