Turkey shares financial data – Tax dodgers should consider submitting a voluntary declaration

The automatic exchange of financial information is supposed to assist countries in their efforts to tackle cross-border tax evasion. Turkey is now among the countries that share information with the German tax authorities. The automatic exchange of information is a powerful weapon in the fight against cross-border tax evasion. More than 100 countries are party […]

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MALTA LAUNCHES NEW PERMANENT RESIDENCE PROGRAMME

The Malta Residence and Visa Regulations, regulated by Subsidiary Legislation 217.18, more commonly referred to as the Malta Residence and Visa Programme (“MRVP”) was launched in 2015. Third country nationals issued with a residence certificate in terms of the MRVP benefit from the right to reside, settle and stay indefinitely in Malta. The Malta Residence […]

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How extensive is the vaccine roll out in your jurisdiction? How quickly will advisors and their clients need to understand the key questions involved with the vaccine as a workplace panacea?

The Colombian Government established the National Vaccination Plan through Decree 109 of 2021 (the “Plan”), by which the vaccination process started on February 17, prioritizing the vaccination in five stages to reach at least 70% of the national population. The Plan defined that the activities of import and application of vaccines would be initially centralized […]

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Voluntary disclosure: Germany’s Federal Minister of Finance purchases tax CD from Dubai

Germany’s Federal Minister of Finance, Olaf Scholz, has purchased a CD from Dubai that contains confidential information pertaining to possible tax evaders. A number of taxpayers – including quite a few from Germany – ought to be concerned that their tax evasion will be discovered. There has been little to report on recently regarding the […]

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BFH finds rules governing taxation of shares to be partially unconstitutional

Losses from shares can only be offset against profits from the sale of shares. The Bundesfinanzhof (BFH) – Germany’s Federal Fiscal Court – has ruled that this is unconstitutional and asked the Bundesverfassungsgericht – Germany’s Federal Constitutional Court – to weigh in (Az.: VIII R 11/18). The fact that losses from share trading can, to […]

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Indonesia Capital Market: New Share Listing Regulation at IDX

Author: Marshall Situmorang (Partner), Audria Putri (Senior Associate), Aniendita Rahmawati (Associate) The Indonesia Stock Exchange (“IDX”), together with Financial Service Authority/Otoritas Jasa Keuangan (“OJK”), are currently finalizing a new provision which will amend IDX Board of Directors Decree No. Kep-00183/BEI/12-2018 on Securities Listing Regulation No. I-A on the General Provisions for the Listing of Equity […]

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Which business sectors will be most affected by the vaccine roll out and why? Will employers be allowed to have access to this sensitive information and how will that have an impact on employment law?

Although the pandemic brought an unprecedented contraction of the Colombian economy, with a drop in GDP of 6.8% in 2020, some sectors found business opportunities such as the pharmaceutical sector with research and development of vaccines, supplies and medical services required for patient care as well as other sectors involved with funeral services, digital connectivity […]

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Indonesia Tech Deals Vol. I July 2021

The growing technology and digital economy market in Indonesia have been attracting many foreign and domestic technology investors from Venture Capital to tech company giants. There have been many major transactions in this sector and based on expert’s observation, the interests from investors are still going strong. Having said that, we compile herein the recent […]

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What will be the biggest challenge clients face? What have advisors done in different jurisdictions to protect clients?

I was interested in what Margaret said and how similar and different the regulations are between Germany andMexico. CBD is broadly used here in percentages below the one percent of THC and there are more than a thousand uses for this. The bill of law that is being proposed will consist of five different type […]

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NLP Legal Insight July 2021 – Indonesia Quarterly Regulatory Updates: Second Quarter of 2021

In this July edition, we provide a recap of Indonesia’s new regulations enacted in April 2021 – June 2021 and an executive summary related thereto. We have classified the list of regulations to number of sectors such as general corporate, manpower, banking and financial services, taxation, etc. You can read our regulations update here. We hope […]

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