Insights

Poland - Introduction of manda...

Poland has introduced the new National System of e-Invoices (Krajowy System E-faktur or KSeF). E-invoicing using KSeF (i.e., Issuing of structured e-invoices) will likely to b...
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May 02, 2022

Slovakia - Implementation of n...

Slovakia is set to join countries implementing e-invoicing. E-invoicing shall be implemented in phased manner effective from January 2022 and January 2023
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Apr 29, 2022

Canada - Ontario proposes Bene...

On November 4, 2021, the Minister of Finance of Ontario has released the fall economic update which includes establishment of beneficial ownership information requirements eff...
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Apr 29, 2022

Israel - Increase in Minimum w...

Ministry of Finance announced on December 15, 2021, that the minimum wages shall be increased to NIS 6,000 (currently NIS 5,300) per month by 2025. The increase in the minimum...
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Apr 29, 2022

India - Finance Act 2022 – H...

Indian Finance Minister Ms. Nirmala Sitharaman presented India's budget for the year 2022–23 in the Parliament on February 1, 2022.
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Apr 29, 2022

Singapore Budget 2022 - Highli...

On February 18, 2022, the Finance Minister, Lawrence Wong delivered the budget speech for the year 2022.
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Apr 26, 2022

Hong Kong Budget 2022-23 Highl...

The Finance Secretary of Hong Kong, Paul Chan presented the Budget for 2022-23 on February 23, 2022
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Apr 26, 2022

UK Budget (Spring Statement) 2...

The Chancellor of the Exchequer presented the United Kingdom (UK) Budget (Spring Statement) 2022 before Parliament on March 23, 2022
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Apr 26, 2022

Netherlands - Partially Paid P...

The Dutch Senate approved the Paid Prenatal Leave Act (Wet betaald ouderschapsverlof) enabling both parents to be paid for 9 weeks of parental leave during the child's first y...
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Dec 03, 2021

Japan - The Promotion of Femal...

APFPCA amended by extending the obligation of formulation, filing and Publication of action plans for the promotion of female employees effective from April 1, 2022.
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Dec 03, 2021

France - Implementation of E-I...

As published in the ordinance issued by the government the implementation of the E-Invoicing will be effective from 1, 2024 instead of January 1, 2023.
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Dec 03, 2021

UAE - Substantial Amendments t...

Dubai International Financial Centre (“DIFC”) regulated employer-employee relationship laws have been amended by the DIFC Authority and the changes are effective September...
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Dec 03, 2021

Russia - Russia's New VAT Reve...

New VAT reverse charge rules introduced wherein, recipients of goods and/or services report both the output VAT (in the role of a seller) and the input VAT (in the role of a p...
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Dec 03, 2021

Poland - “Polish Deal” rec...

Poland parliament (Sejm) passed the “Polish deal” on October 29, 2021, amending health insurance contributions, VAT, income tax laws and other tax legislations affecting c...
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Dec 02, 2021

India - BPO/KPO services not i...

On September 17, 2021, India's Goods and Services Tax (“GST”) Council in its 45th meeting clarified the scope of terms “intermediary services” and "merely establishmen...
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Nov 17, 2021

Hungary - Introduction of new...

Hungary introduces the ultimate beneficial owners’ (“UBOs”) register & will work as a central database for the same.
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Nov 17, 2021

China - Personal Information P...

National People's Congress of China adopted the Personal Information Protection Law on (‘PILP’) August 20, 2021, which will become effective from November 1, 2021
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Nov 17, 2021

Czech Republic introduces a ne...

Czech Republic has introduced a regulation for screening of foreign investments made in public or private companies. It is effective from May 01, 2021
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Aug 30, 2021

Spain - From April 14, 2021, a...

Under the Royal Decree 902/2020, on gender pay equality which came into force on April 14, 2021 all companies are required to keep a salary register in compliance with the new...
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Aug 30, 2021

United Arab Emirates - Abu Dh...

On 14th February 2021, the Abu Dhabi Global Market (ADGM) enacted its new Data Protection Regulations 2021
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Aug 30, 2021
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