News
Uk budget (spring statement) 2022 – highlight
UK Budget (Spring Statement) 2022 – Highlights The Chancellor of the Exchequer presented the United Kingdom (UK) Budget (Spring Statement)2022
Hong kong budget 2022-23 highlights
Hong Kong Budget 2022-23 Highlights The Finance Secretary of Hong Kong, Paul Chan presented the Budget for 2022-23 on February
Singapore budget 2022 – highlight
Singapore Budget 2022 – Highlights On February 18, 2022, the Finance Minister, Lawrence Wong delivered the budget speech for the year 2022.
Russia – russia’s new vat reverse charge rules in place w.e.f. October 1, 2021
Effective from October 1, 2021, new VAT reverse charge rules are introduced regarding the determination of the tax base for
Uae – substantial amendments to the difc employment law
The employer-employee relationship in the Dubai International Financial Centre (“DIFC”) is regulated by the laws of the DIFC. DIFC Authority
France – implementation of e-invoicing delayed to july 1, 2024
The Ordinance on Implementation of E-Invoicing and E-Reporting Requirements was published on September 15, 2021. The requirements will apply from: The same
Japan – the promotion of female participation and career advancement (“apfpca”) amended effective from april 1, 2022
Currently, the Act on the Promotion of Female Participation and Career Advancement (“APFPCA”) obliges employers with more than 300 regular employees
Netherlands – partially paid parental leaves of 9 weeks to be effective from august 02, 2022
The Dutch Senate approved the Paid Prenatal Leave Act (Wet betaald ouderschapsverlof) on October 12, 2021, enabling both parents to be paid
Poland – “polish deal” receives ascent from the parliament, several amendments to tax laws affecting corporations and individuals
In Poland the parliament (Sejm) passed the “Polish deal” on October 29, 2021, paving way for amendments relating to health
China – personal information protection law (“pipl”) to be effective from november 1, 2021 and shenzhen’s data regulation to be effective from january 1, 2022
National People’s Congress of China, after three deliberations, adopted the Personal Information Protection Law on (‘PILP’) August 20, 2021, which will become
Hungary – introduction of new ubo register for data reporting
To implement 4th and 5th anti-money laundering EU directives, Hungary introduces the ultimate beneficial owners’ (“UBOs”) register. The UBO Register will be managed
India – bpo/kpo services not intermediary services; 0% gst on supply of bpo/kpo services to foreign clients
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 establishment
Brazil introduces a system for company incorporation in a simple and automatic way
Recently, Brazil’s Ministry of Economy has launched “Balcão Único”, a system to incorporate a company in Brazil in easy and quick
United arab emirates – abu dhabi global market (adgm) introduces new data protection regulations 2021
On 14th February 2021, the Abu Dhabi Global Market (ADGM) enacted its new Data Protection Regulations 2021 thereby replacing the current
Spain – from april 14, 2021, all companies have to keep a salary register.
Under the Royal Decree 902/2020, on gender pay equality which came into force on April 14, 2021 all companies are required
Czech republic introduces a new regulation on the screening of foreign investments from may 01, 2021
Czech Republic has introduced a regulation for screening of foreign investments made in public or private companies. It is effective
Newsletter – march 2020
Newsletter – March 2020 (The impact of COVID 19 and stimulus packages are covered in a separate note) Global updates
Newsletter – may 2020
Newsletter – May 2020 (The impact of COVID 19 stimulus packages are not covered in this newsletter and are covered