News

Ecovis is now represented in Pakistan
09.07.2019 | We welcome our new partners of ECOVIS FAMCO Associates headquartered in Karachi.
Ecovis has a new partner in Madrid
08.07.2019 | In addition to our local Madrid partners of ECOVIS Fiscalges and ECOVIS Legal Spain v. CARSTENN-LICHTERFELDE ABOGADOS we are glad to welcome our new colleagues from ECOVIS Grosclaude & Partners. ECOVIS Grosclaude & Partners was established in July 1990. It is an independent auditing firm focused on serving local and international companies and organizations located…
Ecovis is now represented in Guatemala
02.07.2019 | We welcome our new partners of ECOVIS Mendez Sagastume & Asociados headquartered in Guatemala City.
Best Practices for German Companies in Egypt – Webinar Recording
26.06.2019 | Most people are not fully aware of the advantages of doing business or investing in Egypt. Targeted to be one of the Top 10 economies of the world, Egypt has provided various incentives for corporates! The earlier companies start to plan moving to Egypt, the more advantages you get. There are different tax incentives and…
Greece: International Tax, Audit, Accounting and Legal News
13.06.2019 | New law for strategic investments in Greece. Read more in our newsletter...
China’s Cryptocurrency
China’s Cryptocurrency and Blockchain Regulatory Environment
17.05.2019 | In China, transactions in cryptocurrencies are heavily regulated. Ashley Tian of Ecovis, Beijing, explains the limitations and effects in this article. Background Prior to 2017, China had the world’s largest cryptocurrency market – with 80% of bitcoin, the world’s leading digital coin.1 In July, 2018, the Central Bank of China stated that banning the domestic…
data analytics and audit
Data Analytics and the Evolving Audit
17.05.2019 | Big data is not only revolutionizing business strategies and product development but has also made its appearance in the auditing field. In order to be able to offer its clients an even higher standard of effective and efficient services, Marcum LLP has adopted the use of analytics tools in its auditing practices. An auditor has…
VAT law Turkey
Amendments to the Value Added Tax Law of Turkey Related to the Exchange Rate Difference
17.05.2019 | In recent years the Turkish tax authorities and courts have been in dispute as to whether exchange rate differences are subject to VAT. Now an amendment to the applicable law provides greater clarity. The influence of exchange rate differences on the financial performance of an economic unit is significant. Companies may have payables, debt claims…
VAT Turkey
VAT refund available on construction works in Turkey
17.05.2019 | VAT taxpayers can qualify for a VAT refund on their investment expenditures under article 13-d of the Value Added Tax Act No. 3065. The VAT refund is only applicable for machinery and equipment expenditure made under an investment incentive certificate for the manufacturing industry. Temporary Article 37 of the Value Added Tax Act No. 3065,…
tax evasion
Germany is putting pressure on dubious tax arrangements
17.05.2019 | In line with the EU directive on the obligation to report certain forms of fiscal cross-border transaction, Germany is also considering imposing such an obligation for purely domestic tax arrangements. On 25 June 2018, the EU Directive 2018/822 on the automatic exchange of information in the field of taxation with respect to notifiable cross-border transactions…
Data Science: How to harness the good of presidential elections in the boardroom
11.04.2019 | Elections have always been a numbers game, but in the last decade we have seen a seismic shift. It is now a data game, and there is no turning back. This revolution started in earnest with Obama’s 2012 re-election campaign and has since barrelled through US and global politics, leaving disrupted strategies and confused pollsters…
Particular care must be taken when paying dividends
11.04.2019 | Three recent decisions of the English courts show how dividends can create risks for UK companies, their directors and shareholders. First, the Court of Appeal confirmed in Global Corporate Ltd v Hale [2018] EWCA Civ 2618 what most suspected: unlawful dividends cannot be reclassified after the event as salary in order to render them lawful.…
How tax discrepancies can affect settlement applications in the UK
11.04.2019 | Hesham Shoeb, Employment & Immigration Associate at Barlow Robbins LLP (Ecovis UK), describes how tax information is being used to deny residence to highly skilled migrants in the UK. When it comes to applying to settle in the UK, some highly skilled migrants in the Tier 1 (General) category have been denied settlement on the…
Prevention of money laundering and the financing of terrorism in Uruguay
11.04.2019 | According to Law Nº 19.574, certain entities are bound to report unusual or suspicious operations to the Information and Financial Analysis Unit of the Central Bank of Uruguay (BCU) and must comply with and implement policies and procedures aimed at preventing money laundering and the financing of terrorism (from now on “money laundering risk”). In…
Vat liability of non-residents in Turkey
11.04.2019 | According to a new legislative amendment, non-resident providers of all kinds of services by internet to real persons resident in Turkey are required to submit a VAT return. Services provided in Turkey by those whose residences, workplaces, legal headquarters and principle offices are not located in Turkey and services provided abroad but from which an…
Italian tax reduction for retired foreign individuals
11.04.2019 | The new article 24-ter of the Italian Tax Code (TUIR) offers a new optional tax regime for retired foreign individuals interested in moving their tax residence to Italy. Personnel income tax (IRPEF) reduction to 7% is granted to foreign individuals (provided they have lived outside Italy for the previous five years) who receive retirement income…
Is the Golden Visa in danger?
11.04.2019 | The European commission is looking into this regime which favours foreign investors. Many countries in Europe, including Spain, offer investors an opportunity to acquire what is known as a Golden Visa, which relaxes general migration rules, heavy with restrictions, in exchange for a major investment. In Spain the conditions are quite generous, as an investment…
What affect would a change of government in Australia have on fiscal policies?
11.04.2019 | Here are the key tax reforms proposed by the Australian Labor Party and how they are likely to impact Australian business and individuals. PREPARING FOR A LABOR GOVERNMENT 2019 is a new year for all of us and one in which all Australians will return to the polls to vote in a federal election. Politically,…
EU visa regulations: a stumbling block for performers from third countries
11.04.2019 | One of the main goals of the EU is to contribute to the flowering of the cultures of the Member States, while respecting their national and regional diversity and at the same time bringing their common cultural heritage to the fore. However, when it comes to inviting artists, cultural professionals, touring groups and others from…
No deal Brexit: the implications for foreign nationals
27.02.2019 | As part of the UK Government’s contingency planning for a “no deal” scenario, a new policy paper has been published setting out the proposed rights of European Economic Area, EEA, and Swiss nationals arriving in the UK after 29th March, 2019, if no deal is agreed with the EU. Hesham Shoeb, Employment & Immigration Associate…
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