Insights

India - Finance Act 2022 – Highlights

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 - Highlights

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 Highlights

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) 2022 - Highlights

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 Parental leaves of 9 weeks to be effective from August 02, 2022

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 Female Participation and Career Advancement (“APFPCA”) amended effective from April 1, 2022

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-Invoicing delayed to July 1, 2024

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 to the DIFC Employment Law

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 Reverse Charge rules in place w.e.f. October 1, 2021

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” receives ascent from the parliament, several amendments to tax laws affecting corporations and individuals

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 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 establishmen...
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Nov 17, 2021

Hungary - Introduction of new UBO Register for Data Reporting

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 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 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 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 from May 01, 2021
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Aug 30, 2021

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 to keep a salary register in compliance with the new...
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Aug 30, 2021

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
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Aug 30, 2021

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 way without having to visit several p...
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Aug 30, 2021

Newsletter - May 2020

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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Jul 06, 2020

Newsletter - March 2020

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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Jul 06, 2020

India - Union Budget 2020-2021

India’s Finance Minister Nirmala Sitharaman presented the Union Budget for the year 2020-21 on February 01, 2020. India is the 5th largest economy in the world.
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Feb 18, 2020
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