Insights

January 2023 - New policy update: China VAT State Taxation Bureau Announcement

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...
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Jan 10, 2023

China Update: Payroll Management During Covid – December 2022

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...
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Dec 19, 2022

Germany - Limited Liability Companies (LLC) can be incorporated digitally effective from August 1, 2022

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...
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Nov 25, 2022

Spain: B2B e-Invoicing will become mandatory from 2024

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...
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Nov 25, 2022

Netherlands: Work from Home will be made a legal right

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...
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Nov 25, 2022

Israel: Amendments to Tax Ordinance and Transfer Pricing Regulation to be effective from July 5, 2022

The Israeli Parliament enacted the amendments to the Israeli Tax Ordinance (the “Ordinance”) and the Israeli transfer pricing regulations (the “Regulations”) to introd...
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Nov 25, 2022

India withdraws “Personal Data Protection Bill, 2019', intends to have more comprehensive law

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...
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Nov 25, 2022

India - Digital Personal Data Protection Bill 2022 Note

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.
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Nov 22, 2022

UK Autumn Fiscal Statement November 18 2022

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...
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Nov 18, 2022

November 7, 2022 China Pension Update

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.
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Nov 07, 2022

Newsletter – October 2022

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.
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Nov 04, 2022

UK Mini Budget October 18 2022

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...
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Oct 18, 2022

Newsletter – July 2022

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.
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Aug 01, 2022

China Regulatory Update

Currently, Shanghai has the highest monthly average wage among 31 provinces (RMB 11396/US$1685 per month). Eight regions – Shanghai, Guangdong, Beijing, Tianjin, Jiangsu,...
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Jul 27, 2022

China

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...
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May 26, 2022

Newsletter – April 2022

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.
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May 26, 2022

Poland - Introduction of mandatory E-invoicing from the year 2023

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 new e-invoicing system – “Informačný Systém Elektronickej Fakturácie (“IS EFA”)

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 Beneficial Ownership Regime effective from January 1, 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...
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Apr 29, 2022

Israel - Increase in Minimum wages from NIS 5,300 to NIS 6,000 by 2025

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
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