• Amendments to Estonia's Commercial Code have been approved
  Contributed by Larssen
  Monday, May 18, 2020

  On 1 August 2020, amendments to the Commercial Code in Estonia will enter into force, which in certain cases will abolish the notarial formality requirement upon sale of a private limited company's share. The amendment also actually affects...
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• Global Response to the Coronavirus Crisis for AEoI Reporting in 2020
  Contributed by Comply Exchange
  Tuesday, May 12, 2020

  Anyone with Automatic Exchange of Information (AEoI) filing requirements under the Foreign Account Tax Compliance Act (FATCA) or the Common Reporting Standard (CRS) will be interested in staying connected with updates from...
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• Transfer Pricing: The BEAT and the SCM Exemption
  Contributed by Kreston
  Monday, April 27, 2020

  In December 2019, the U.S. Treasury Department (Treasury) and the Internal Revenue Service (IRS) issued final regulations for the base erosion anti-abuse tax (BEAT) under Internal Revenue Code Section 59A (2019 final regulations), which finalized the...
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• How Much to Risk on Each Binary Options Trade
  Contributed by FXTM
  Tuesday, April 14, 2020

  What sets binary options apart from many other instruments is expiry. Stock traders may hold on to their assets as long as they like. The same applies to derivatives like CFDs. Binary options, however, are...
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• Starting a Company in the United States: The Complete Guide
  Contributed by ICD Fiduciaries
  Thursday, April 9, 2020

  The United States' history and culture can be described using three words: risk-taking, entrepreneurial, and adventurous. Indeed, no other nation can beat the US when it comes to these traits! Since the discovery of...
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• Information Reporting and Withholding: Important Coronavirus Information Links
  Contributed by Comply Exchange
  Tuesday, April 7, 2020

  Anyone making payments of U.S. source fixed, determinable annual, or periodical income to non-U.S. persons will be interested in staying connected with updates from the Internal Revenue Service, The Treasury Department and the OECD to find new and changing information as a result of COVID-19...
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• United Kingdom ratifies Double Tax Agreement with Gibraltar
  Contributed by ISOLAS
  Wednesday, March 25, 2020

  The United Kingdom has recently published a statutory instrument which ratifies the Double Tax Agreement which was signed by H.M. Government of Gibraltar and H.M Government of the United Kingdom in October 2019 (the "Treaty"). Double taxation agreements (also known as double taxation treaties or conventions) (DTAs) are...
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• Coronavirus in Central and Eastern Europe: Adopted legislative measures to decrease the impact on the economy
  Contributed by Accace
  Tuesday, March 24, 2020

  To reduce the impact of the coronavirus pandemic on the economy of the Czech Republic, Hungary, Slovakia and Ukraine, the local governments adopted a package of legislative measures affecting also the field of taxation. We are summarizing the most important...
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• Important Form 1042 Reminders for this Reporting Season
  Contributed by Comply Exchange
  Wednesday, March 11, 2020

  Anyone making payments of U.S. source fixed, determinable annual, or periodical income to non-U.S. persons will be interested in the updates for this reporting season of 2019 information in 2020. Over the last decade, we have seen...
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• Measurement of Right-of-Use Asset and Leave Liability
  Contributed by Zampa Debattista
  Monday, March 2, 2020

  Under IFRS 16 'Leases', the lessee capitalises lease transactions as a right-of-use asset and a corresponding lease liability, unless the transactions relate to short term leases or low value leases, in which case the...
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• Determining the lease term
  Contributed by Zampa Debattista
  Monday, February 24, 2020

  The term of the lease plays an important part in the accounting treatment of a particular lease. Under IFRS 16, it impacts the measurement of the right of use asset and lease liability in the lessee's books. It also...
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• Information Reporting and Withholding: Final Regulations Published in January 2020
  Contributed by Comply Exchange
  Tuesday, February 11, 2020

  Any U.S. payors or withholding agents making U.S. sourced payments to non-U.S. persons and any non-U.S. financial institutions (foreign financial institutions or FFIs) reporting certain U.S. persons will be interested in...
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• Accounting For Leases After 2018 - GAPSME Versus IFRS
  Contributed by Zampa Debattista
  Monday, February 10, 2020

  Up to 31 December 2018, accounting for leases under GAPSME and IFRS was very similar. Companies applying IFRS applied IAS 17 'Leases', whilst companies applying GAPSME...
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• Zampa Debattista Q4 - 2019 VAT Newsletter
  Contributed by Zampa Debattista
  Tuesday, January 28, 2020

  On 9th October 2019, the Commissioner for Revenue published guidance notes on the so-called "Quick Fixes" regarding the changes coming into force on 01/01/2020. The notes offer a comprehensive explanation on...
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• Competition Law: Cooperation or Collusion? Time for the EU Commission to Revisit the Horizontal Block Exemption Regulations
  Contributed by GVZH Advocates
  Friday, January 17, 2020

  On 6 November 2019, the EU Commission launched a public consultation on the two so-called Horizontal Block Exemption Regulations. This consultation will run until 12 February 2020, so any feedback needs to...
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• France Revamps Gambling Tax for 2020
  Contributed by Anna Martyushev
  Monday, January 13, 2020

  As online betting continues dominating the gambling world, many countries are still changing the regulations to increase the sources of revenue through taxation. The availability of...
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• How Governments Invest in Local Car Markets
  Contributed by Regina Muratov
  Sunday, December 22, 2019

  A lot has changed in the automotive sector, with governments getting more and more involved to streamline the industry. There main aim is to help in the provision of a...
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• Zampa Debattista Q3 - 2019 VAT Newsletter
  Contributed by Zampa Debattista
  Wednesday, December 11, 2019

  On 16th July 2019, the Commissioner for Revenue published the following VAT guidelines by a notice in the Government Gazette: Notice 838 - Guidelines on Item 5, Part Two of the Fifth Schedule to the VAT Act - Sports. According to the guidelines, for...
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• Information Reporting and Withholding: How Accounts Payable Departments and Nonfinancial Organizations Can Prepare for Year-end Reporting
  Contributed by Comply Exchange
  Friday, December 6, 2019

  Any U.S. or non-U.S. company with an Accounts Payable Department or any non-financial company that makes payments to vendors will be interested in some tips for preparing year-end information returns and related workpapers for...
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• Incorporating a Company in Latvia: What You Need to Know
  Contributed by ICD Fiduciaries
  Tuesday, December 3, 2019

  Every entrepreneur's goal is growing his/her venture into a giant multinational. To grow your brand globally, one of the first steps is selecting a good offshore market to base your company. In Europe, one of the top options is Latvia. Why Latvia? It is a...
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