Electronic check law

The Payment System Roadmap defined by the Uruguayan government establishes that one of the main functions of financial activity is to provide people and companies with all the efficient ways to make and receive payments . “A solid, secure payment system with high efficiency standards facilitates economic activity and is an essential pillar of long-term growth.” Within this […]

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NFTs: Business Trends & Legal Uncertainties

The future of NFTs seems bright and promising. NFTs are evolving into an asset class that, at its core, serves as the world’s greatest digital evidence of ownership. As NFTs grow, their role as digital proofs of ownership will provide innovative and lucrative use cases for future digital economies. While digital art and collectibles presently […]

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Specifying HSN of products in tenders for procurement – not a statutory obligation

Introduction In a recent judgement in the matter of Union of India v Bharat Forge Ltd, Civil Appeal No. 5294/2022, the Supreme Court (SC) set aside the decision of Allahabad High Court (HC), wherein the HC had directed that, in order to provide a level playing field to all, the public sector unit should clearly […]

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Ernesto Velarde Danache, Inc Launch New Website

Ernesto Velarde Danache, Inc have been working hard to redesign their website, and we think it looks really great. Take a look HERE Ernesto is our Tax(Law), Immigration and Energy Law Member in Mexico, if you have any requirement for these services please don’t hesitate to reach out to him.

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Permanent Residency in Cyprus

Cyprus is a small EU member state country but the third largest Island in the Mediterranean Sea with a population almost one million. Whereas Greek is the official language, English is widely spoken and the language in which business is generally conducted. Read the full report HERE For more information please contact us at: [email protected]

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Cyprus introduces transfer pricing rules and documentation requirements

On 30 June 2022, the Cyprus Parliament enacted amendments to the Income Tax Law and the Assessment and Collection of Taxes Law in relation to transfer pricing regulations in accordance with recommendations of the Organisation for Economic Co-operation and Development on Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (OECD TP Guidelines). The laws […]

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New 50% and 20% income tax exemption on employment income to attract foreign investors and employees

On 26 July 2022, the new amended articles 8(21) and 8(23) of the Income Tax Law were published in the Gazette aiming to attract foreign investors and high-profile foreign employees. Similarly with the 20% exemption, it is not required for the individual to become a Cyprus tax resident to benefit from the new 50% exemption, […]

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Green Funds: Business Trends & Regulatory Developments

A growing number and class of investors is shifting towards sustainable and ESG-compliant markets and products. Environmental and social considerations are assuming a growing importance, with the EU focusing its efforts to the greening of the economies of its Member States. In today’s publication, our Partner Dr. Charis Savvides and Associate Gregores Fylaktou are examining the framework around Green […]

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