The goal of this policy update is to reduce the tax burden on so-called small-scale taxpayers, and to help these taxpayers grow their businesses. The Chinese tax authority rel...
The explosion of COVID cases has greatly impacted Beijing, with office buildings and streets empty and daily life significantly disrupted. Just two weeks after leaders eased t...
The "Act on the Implementation of the Digitization Directive" ('DiRUG') now facilitates the incorporation of LLC digitally. Effective from on August 1, 2022, this legislation...
In Spain, e-invoicing is mandatory for Business-to-Government (“B2G”) transactions since 2015. Business to business (“B2B”) e-invoicing will become mandatory for all c...
The legislation making work from home a legal right was passed on July 5, 2022, by the lower House of Dutch Parliament. The implementation of this law is subject to the approv...
The Israeli Parliament enacted the amendments to the Israeli Tax Ordinance (the “Ordinance”) and the Israeli transfer pricing regulations (the “Regulations”) to introd...
Indian Government had proposed “Personal Data Protection Bill, 2019" in the year 2019 for protection of personal data by all type of entities. However, the proposed act is w...
India’s Supreme Court in a 2017 judgment recognized ‘privacy’ as a fundamental right and observed that there should be a separate law for the protection of data privacy.
On November 17, 2022, UK Chancellor of Exchequer Mr. Jeremy Hunt presented the Autumn Statement before the UK Parliament. The aim of the proposals is to promote economic stabi...
Over the past weekend, China’s State Council announced a new private pension scheme that will allow individuals to make voluntary deposits into a pension account.
We have compiled a list of regulatory trends from around the world indicating the possible implications of regulations that needs to be watched out while expanding globally.
In September 2022, the former UK Chancellor of the Exchequer, Mr. Kwasi Kwarteng had presented the Growth Plan 2022 before the Parliament making several announcements to tackl...
We have compiled a list of regulatory trends from around the world indicating the possible implications of regulations that needs to be watched out while expanding globally.
Currently, Shanghai has the highest monthly average wage among 31 provinces (RMB 11396/US$1685 per month). Eight regions – Shanghai, Guangdong, Beijing, Tianjin, Jiangsu,...
On March 24, 2022, the MOF and the STA issued a new announcement on “Exempting small-scale VAT taxpayers from VAT” to provide additional support for the development of m...
We have compiled a list of regulatory trends from around the world indicating the possible implications of regulations that needs to be watched out while expanding globally.
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...
Slovakia is set to join countries implementing e-invoicing. E-invoicing shall be implemented in phased manner effective from January 2022 and January 2023
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...
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...