News

ECOVIS International – why it is worthwhile to join our network
25.07.2018 | It was not an easy decision but definitely the right one – this is what Christopher Jenkins says about joining ECOVIS International. His office in London has been part of the network for more than 10 years. We asked him why he joined Ecovis and what the benefits are of belonging to a global network.
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Clear rules turn cryptocurrencies into success models for start-ups
20.07.2018 | Founders need legal certainty if their businesses are based on cryptocurrencies or they use them for financing. Certainty exists if legislators clearly regulate the legal framework for cryptocurrencies, especially with regard to taxes.
Barlow Robbins Solicitors, Ecovis’ UK legal partner, recruits life sciences partner
13.07.2018 | The UK has one of the largest life sciences markets in the world and the sector commands an important position within the UK economy. Barlow Robbins has recruited Tim Matthews as an additional partner in its Corporate and Commercial group. Tim has wide experience in the life sciences sector with over 25 years’ experience acting…
Russian Federation: Increase of VAT rate to 20%
13.07.2018 | The Russian VAT rate is very likely to rise from 18% to 20% starting from 2019. The respective draft law was introduced by the Russian government on June 15, 2018.
From iGaming Pioneer to Crypto and Block Chain Hub
13.07.2018 | Over the years, Malta has gained renown as one of the top online gaming and betting jurisdictions for businesses wanting to establish themselves and prosper under local and EU regimes. This reputation primarily owes itself to Malta being the first EU Member State to regulate online gaming, thus gaining experience in the constant refinement of…
Co-operation with external partners crowned with success
13.07.2018 | Ecovis has entered into successful co-operation with GIA, a business partner specialized in different projects designed to install systems of integrated supply management.
Ecovis Costa Rica has many successful clients. The fact that Ecovis is an international firm has helped us with the acquisition of one of our clients, PTI.
12.07.2018 | PTI is currently focused on expansion of infrastructure throughout Latin America, the Caribbean and the United States.
Ecovis is now represented in the Philippines
18.06.2018 | We welcome our new partners from ECOVIS Fintax headquartered in Manila, Makati City.
Top Tips for Negotiating a Commercial Property Lease in the UK
04.06.2018 | Taking on a commercial lease is a big commitment and making sure you negotiate the best deal for your business can be tricky when trying to work your way through unfamiliar clauses and regulations.
ECOVIS assists its client with outsource accounting, local tax compliance and company formation
04.06.2018 | Background Our client in Turkey is a subsidiary of a multinational company operating in the field of batteries, chargers, accessories for motive, reserve, aerospace and defence applications. The client’s headquarters are located in the United States of America.
Is it advisable for foreign companies subject to taxation in Germany to implement a tax CMS?
04.06.2018 | In Germany there is still no specific corporate criminal law. The coalition agreement concluded in April, 2018, between the parties CDU, CSU and SPD does stipulate their intention to create a sanctions law for companies, but the plans are still vague.
ECOVIS Legal Spain assists Spanish automotive components producer with expansion of plant
04.06.2018 | Background Our client is a major multinational company in the automotive sector, with various plants in Spain which produce automotive components. The company needed to expand one of its plants in Northern Spain to increase its production capacity.
Ecovis Sydney provides comprehensive start-up services to UK film company
04.06.2018 | Background In November 2012 KEO Films, which had recently won a contract to produce an Australian version of a UK TV series, was put in contact with Ecovis Sydney, because they needed to get their footprint established urgently, before Christmas!
GST Revision to 0% and SST replacement in near future in Malaysia
24.05.2018 | Sales Tax Act 1972 and Service Tax Act 1975 (collectively, “Sales and Service Tax Acts”) in Malaysia already being replaced by Good & Service Tax Act 2014. With the new cabinet to be formed very soon in the near future, we expect GST will be abolished and replaced by Sales and Service Tax (SST). Please…
Implementation of Two-tiered Profits Tax Rate Regime in Hong Kong
16.05.2018 | The Inland Revenue (Amendment) (No. 3) Ordinance 2018 (the Ordinance) was gazetted on 29 March 2018 to implement the two-tiered profits tax rates regime announced in the 2017 Policy Address. (Click here) It targets to help foster a favourable business environment, drive economic growth and enhance Hong Kong’s competitiveness by reducing the tax burden on…
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Ecovis has a new partner in Sweden
07.05.2018 | We are glad to welcome our new colleagues of ECOVIS RevisorCompaniet from Stockholm. In 2002 ECOVIS RevisorCompaniet was founded in Skellefteå, which lies in the province Västerbotten 800 kilometres north from Stockholm. Three more offices are spread around Västerbotten in the cities Malå, Sorsele and Bureå. In 2005 the Stockholm office was opened. Today ECOVIS…
Pan-European Crowdfunding platforms will provide their services across the whole EU
09.04.2018 | European Commission takes actions to promote Europe as a more attractive place for start-ups by introducing new regulations on crowdfunding. Commission has proposed a draft regulation to enable crowdfunding platforms to access customers across the EU. Read more on www.ecovis.com/lithuania…
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…
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