UPDATES

Monday, 23 April 2018 10:33

Ratification of the EU-Singapore FTA is moving forward

The Free Trade Agreement between European Union and Singapore (EUSFTA) will soon be approved by the Council of Ministers and ratified by the European Parliament. The aim is for the EUSFTA to come into force before the European Commission's mandate ends in 2019.

Tuesday, 03 April 2018 11:32

Hong Kong implements the two-tiered profits tax rates regime

On March 29 2018, Hong Kong’s Legislative Council passed Inland Revenue (Amendment) (No. 3) Ordinance 2018 (the Ordinance) to implement the two-tiered profits tax rates regime announced in the 2017 Policy Address.

The two-tiered profits tax rates regime will be applicable to any year of assessment commencing on or after April 1, 2018. The profits tax rate for the first $2 million of profits of corporations will be lowered to 8.25 per cent. Profits above that amount will continue to be subject to the tax rate of 16.5 per cent. For unincorporated businesses (i.e. partnerships and sole proprietorships), the two-tiered tax rates will correspondingly be set at 7.5 per cent and 15 per centA tax-paying corporation or unincorporated business may save up to $165,000 and $150,000 each year respectively.

Wednesday, 10 January 2018 13:36

The 20 Designated Zones in the UAE that benefit Special VAT Application

Yesterday, the Federal Tax Authority published a new Cabinet Decision No.(59) with the List of all the Designated Zones in UAE which are following special rules for VAT application.

Article (51) of the Federal Decree-Law No. (8) of 2017 on Value Added Tax specifies that transfer of goods between designated zones is tax free.

Sunday, 29 October 2017 13:06

Ireland - budget 2018

The Irish Government announced the Budget 2018 on the 10th of October 2017, with some changes in critical areas like taxation and social welfare.

Thursday, 18 May 2017 08:46

Beneficial Ownership Register - Central Register

A central register of beneficial ownership of corporate and other legal entities is required by the 4th EU Anti-Money Laundering Directive.

Friday, 10 March 2017 16:04

Spring Budget 2017 - The Highlights

Chancellor Philip Hammond presented his Spring Budget to the House of Commons.

Tuesday, 13 December 2016 12:33

The new UAE Commercial Companies Law

The new UAE Commercial Companies Law no. 2 of 2015 (the “CCL”) came into force on 1st July 2015 and substitutes the old Commercial Companies Law in its entirety.  

Monday, 05 December 2016 14:13

China gives the green light to Italian pork meat

On September 27th 2016, as according to the official website of the Administration for Quality Supervision, Inspection and Quarantine of the PRC (AQSIQ), the Chinese government ended the ban on Italian pork meat, which had already been lasting for 17 years.

Thursday, 24 November 2016 14:50

Autumn Statement 2016 summary

The Chancellor of the Exchequer gave his Autumn Statement to Parliament on 23rd November 2016. There are no new major tax changes and so it is business as usual.

Monday, 21 November 2016 15:41

Anti-Money Laundering: European Union Regulations 2016

New requirements for companies and other legal entries incorporated within Ireland - note from the Irish Company Registration Office.

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