UK: The Succession Planning Guide for Professional Service Firms 19.07.2016 | Perhaps the single most challenging long-term issue for any small or mid-sized professional services firm, whether an accounting practice, law firm or other consultancy, is defining its future.
Spain: The canary islands special zone 19.07.2016 | The Canary Islands have always had some tax and other kinds of privileges to compensate for the problems derived from their insularity – The Special Economic Zone – ZONA ESPECIAL CANARIA (ZEC).
Turkey: Personal data protection and exchange of information 19.07.2016 | Until April 2016 there was no framework law in Turkish law governing privacy and the protection of personal data. With the new law, natural and legal persons are not allowed to share or process personal data with third parties without the explicit consent of the related person.
Poland: Plans to introduce a single tax 05.07.2016 | The government is planning to introduce a single tax. Specific plans of changes will be published in a few months, however, some basic assumptions are already known. The current personal income tax together with ZUS (Social Insurance Institution) and NFZ (National Health Fund) premiums will be replaced by a new uniform tax rate, whose amount remains…
Spain: Intra – Community VAT Regimes in Spain 24.05.2016 | The general VAT framework for intra – Community trade may not apply under the following regimes: a) Specific Regime for Distance Sales b) Specific Regime for Certain Persons (PRES) c) Specific Regime Applicable to the Supply of New Modes of Transport more…
Latvia: Innovation in intellectual property regulation 19.05.2016 | On 1 January 2016 the long-awaited Law on Industrial Property Institutions and Regulations (hereinafter: the Law) came into force.
China: RMB cash pooling business 19.05.2016 | The slowing down of the Chinese economy with a drop in the foreign exchange reserve has also affected cash pooling services for multinational corporations.
Italy: International aspects of BEPS and the perspective of SME’s 19.05.2016 | The initiative to combat base erosion and profit shifting (BEPS) carried out by the Organisation for Economic Co-operation and Development (OECD) and the G20 has been a hot topic in today’s tax world.
Germany: Union Customs Code: New provisions to observe 19.05.2016 | The initiative to combat Base Erosion and Profit Shifting (BEPS) carried out by the Organisation for Economic Co-operation and Development (OECD) and the G20 has been a hot topic in today’s tax world.
Vietnam: Major Amendments to Accounting Law 2015 19.05.2016 | Having applied in Vietnam for nearly 10 years, Accounting Law 2005 has revealed a number of limitations when it comes to comparison with the development of the economy. According to many experts, it is essential to make amendments to the law in order to make it appropriate to the far-reaching global economic integration of Vietnam.
UK: What makes really good management reports? 19.05.2016 | Having looked at a fair old number of Management Information (“MI”) systems and monthly reporting formats, what strikes me is that some of the prettiest, most eye catching and most clearly laid out are often the most ineffective. We all love a graph and there is nothing more pleasing than a multi-coloured pie-chart, but are these displays of wizardry actually useful?
Does a Management Board operate at your company? 10.05.2016 | The date of the annual ordinary shareholders meeting is fast approaching for companies whose financial year overlaps with the calendar year; therefore, it should be determined whether the mandate of members of the management board will expire upon the meeting taking place.
ECOVIS International Info 1/2016 20.02.2016 | Focus: MALAYSIA Equity crowdfunding – an alternative fund raising mechanism China: The PRC centralizes RMB operations Australia: An innovative Agenda? Download 01/2016 (PDF)
International legal barometer: VISAS – AS MANY EXCEPTIONS AS RULES 10.02.2016 | The citizens of almost every country in the world are now basically free to travel wherever they wish. However, this raises the question of just how permeable borders are for citizens of foreign states.
EQUITY CROWDFUNDING – AN ALTERNATIVE FUND RAISING MECHANISM 10.02.2016 | Whilst welcoming new forms of fundraising for start-ups and small enterprises on the one hand and for investment opportunities on the other, Malaysia recognises the necessity for the introduction of a legal framework in order to avoid abuse and fraud.
ENERGY AND INVESTMENTS 10.02.2016 | Turkey offers a range of investment incentives to both local and foreign investors in less developed regions and supports the renewable energy sector in the form of guaranteed prices.
The PRC centralizes RMB operations 10.02.2016 | Last year, the People’s Republic of China revised the policies already in place to further oil the wheels of cross-border operations for multinational enterprises active in the PRC.
Australia – An Innovative Agenda? 10.02.2016 | Australia’s government tightens foreign investment laws for housing and land and introduces a National Innovation and Science Agenda to encourage innovation in business and schools.
ECOVIS Bondar & Bondar Newsletter 11.01.2016 | Ukraine, Kyiv, September-December 2015 Recognitions ТOP 50 Law Firms of Ukraine (2015) ECOVIS Bondar & Bondar has been ranked in the annual research “50 Leading Law Firms of Ukraine” (2015) conducted by Yuridicheskaya Praktika newspaper. The case on which we have worked is listed among the Top-50 the most significant public litigation and arbitration matters,…
Visa requirement or visa exemption? 18.12.2015 | The citizens of almost every country in the world are now basically free to travel wherever they wish. However, this raises the question of just how permeable borders are for citizens of foreign states.
Section 90(2) changed auditing in South Africa 08.12.2015 | In May 2011, Companies Intellectual Property Commission issued a new Companies Act No. 71 of 2008 (the Act) and drastically changed the auditing landscape in South Africa.
“Golden Visa” – a gateway to Europe and more 08.12.2015 | Starting this year, Spain’s program offering residence visas for substantial investment, which has attracted a significant number of investors in the past two years, has recently been modified to eliminate certain bureaucratic barriers and simplify the formalities for potential applicants.
Controlled foreign companies in Poland 02.12.2015 | Starting this year, Poland has joined the countries which have introduced taxation of controlled foreign company (CFC) income.
The new Romanian Fiscal Code will take effect January 1, 2016 02.12.2015 | The new legislation is a mixed bag. It contains fewer positive measures for businesses and individuals than originally planned, but there are still benefits.
ECOVIS International Info 4/2015 30.11.2015 | Israel: High-tech financing breaking records Romania: New Fiscal Code in 2016 Poland: Introducing taxation of controlled foreign company You can find the texts online here Download 04/2015 (PDF)
New Act on Accounting 25.11.2015 | New legislation has brought numerous changes for accounting in Croatia.
The new buzzword: Digital Disruption 25.11.2015 | Digital Disruption sounds scary, but it is nothing to be feared. Instead, we should embrace it and see it as representing both challenges and opportunities for the future.
Tax exposures in emerging countries 18.11.2015 | In May 2015, the Ministry of Economy, Trade and Industry of Japan (“METI”) announced a report regarding tax exposures in emerging countries.
Israeli high-tech financing breaking records: $1.12 billion in Q2/2015 18.11.2015 | Interest and investments in Israeli high tech is rising, setting new records. China is playing a prominent role, and the US and Germany are also involved.
ECOVIS International Info 3/2015 13.09.2015 | China: Exploding e-commerce market Portugal: Special tax for non-regular residents South Africa: Entering the market You can find the texts online here Download 03/2015 (PDF)
Positive signals, but financial hurdles too 14.08.2015 | What challenges do company founders face? To what extent does the state offer them financial support – especially in the form of credit accommodation or tax breaks? Ecovis addressed this question to its international partners. Ecovis offices in 23 countries participated in the survey, from Uruguay to New Zealand and Japan.
Tax exposures in emerging countries 21.07.2015 | In May 2015, the Ministry of Economy, Trade and Industry of Japan (“METI”) announced a report regarding tax exposures in emerging countries.
Budget 2015 – A safe and steady budget with a small business focus 21.07.2015 | In May 2015, the Coalition Government handed down its second budget.
Entering the South African market: Some considerations 21.07.2015 | There are many ways that a foreign company can establish a presence in South Africa, such as a joint venture, acquiring a controlling share in an SA company, registering an external company or incorporating a subsidiary. Each of these has its own prerequisites, pros and cons, but this article will focus on incorporating a subsidiary and on considerations regarding its capitalization.
Special tax for non-regular residents 21.07.2015 | In making Portugal more attractive regarding taxation, the Portuguese created and implemented a tax system for non-regular residents through Decree Law no. 249/2009, dated September 29.
Important aspects of arbitration 21.07.2015 | Latvia is not as popular as a place for international arbitration as Sweden, for example. However, some foreigners still choose Latvia and its arbitrations as the place and tribunal for settling their disputes.
E-commerce market is exploding 21.07.2015 | Worldwide Business-to-Customer (B2C) e-commerce sales have now reached 1.5 trillion US$ per year.
