13.04.2018
Okex crypto exchange enters the Maltese market
On Thursday Okex (Hong Kong cryptocurrency exchange) announced that it plans to expand and open its branch in Malta.
11.04.2018
Russian auditors will be required to report illegal transactions
The State Duma adopted in third reading the bill on amendments to the Federal Law “On counteracting the legalization (laundering) of proceeds from crime and the financing of terrorism” in part regarding audit activities.
09.04.2018
The US Offshore Disclosure Program
On September 28th, 2018 the US Tax Authority announced Offshore Voluntary Disclosure Program (OVDP).
04.04.2018
UK launches VAT accounting system for implementing firms
The UK government has launched the Due Diligence Fulfillment (FHDDS) system, which is designed to ensure that online procurement firms (order executors) report VAT payments.
02.04.2018
OECD Report for G20 Leaders
The Organization for Economic Co-operation and Development (OECD) has published a tax report on the application of the new tax rules in the digital economy for G20 finance ministers and central bank governors.
29.03.2018
ICO regulations in Bermuda
On March 19th, 2018, the Minister of Finance of Bermuda announced the publication of a bill to regulate the Initial Coin Offering (ICOs).
28.03.2018
Hong Kong and India signed an agreement on avoidance of double taxation
On 19th March Hong Kong and India signed an agreement on avoidance double taxation and reducing tax rates on passive income at source.
26.03.2018
The OECD Multilateral Convention enters into force
The multilateral Convention on the implementation of tax agreements to prevent the erosion of the tax base and the removal of profits from taxation will enter into force on July 01st, 2018.
16.03.2018
Changes in Hong Kong regulatory legislation company faces
According to the latest amendments to the law “On the Companies (Amendment) Ordinance 2018”, which entered into force on March 1st, 2018, new requirements are established for persons having a significant impact on the company.
15.03.2018
Three jurisdictions removed, three added to EU list of non-cooperative jurisdictions
On 13 March 2018, the Council of Europe removed Bahrain, the Marshall Islands and Saint
Lucia from the list and added the Bahamas, Saint Kitts and Nevis and the US Virgin Islands.
12.03.2018
ABLV Bank Luxembourg, S.A. recognized as stable
On March 9th, 2018, the Luxembourg Commercial Court ruled that the regulator refused to start the liquidation process of ABLV Bank Luxembourg, S.A. and appointed external administrators who will work at the bank in the next six months before finding a new investor.
07.03.2018
In the UK have increased penalties
The UK Tax and Duty Administration (HMRC) has warned taxpayers about the proximity of the cut-off date for disclosure of offshore assets.
06.03.2018
Federal Tax Service of Russia will conduct international negotiations on automatic exchange
The Russian government authorized the Federal Tax Service to conduct bilateral negotiations with the competent authorities of foreign states on the conclusion of agreements on the automatic exchange of financial information and country reporting and to sign such agreements.
05.03.2018
In the UK the purchase of real estate must be proved
The new procedure of checking the sources of financing for the purchase of real estate “Unexplained Wealth Order” (UWO) entered into force in the UK on January 31st, 2018.
15.02.2018
Tax Free system is introducing in Russia
The government has started the gradual introduction of the tax free system in Russia — on February 12th, Dmitry Medvedev announced the signing of resolutions on the start of the pilot project.
13.02.2018
ABLV Bank denied FinCEN's money laundering charges
On February 13th, 2018, the financial crimes enforcement Agency of the United States Department of the Treasury (FinCEN) published a conclusion and report proposing to ban the opening or maintenance of correspondent accounts in the United States for ABLV Bank.
12.02.2018
Hong Kong implements OECD agreements in its legislation
On February 02nd, 2018, the Hong Kong Tax authority published a Decree, according to which amendments to the automatic exchange of information on financial accounts for tax purposes will come into force on January 01st, 2019.
09.02.2018
EU signed an Agreement concerning VAT cooperation with Norway
On February 06th, 2018, in Sofia an Agreement was concluded between the European Union and Norway to expand cooperation to ensure the proper calculation of value added tax.
On January 23rd, 2018, the OECD announced the start of a preliminary International Compliance Assure Programme.
30.01.2018
Six States Signed The BEPS Multilateral Instrument
On 24 January 2018 Barbados, Cote d'Ivoire, Jamaica, Malaysia, Panama, and Tunisia signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting.
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