International Service Offerings Archive

ECOVIS Partner Jan Slabý Quoted in Firmex Q2 2025 M&A Forecast

We are pleased to share that Jan Slabý, Managing Partner at ECOVIS Prague, has been cited as a contributing expert in the recently released Firmex Forecast Q2 2025 – Middle Market M&A Deal Trends.

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Transfer pricing: A comprehensive compliance guide for the Czech Republic, Hungary, Poland and Slovakia

Transfer pricing has become a critical issue for multinational companies operating in the Visegrád Group (V4), which includes the Czech Republic, Hungary, Poland, and Slovakia. Ecovis experts from these countries have therefore developed a comprehensive guide to help companies correctly implement the requirements. The alliance shares a rich historical and economic background, which has created […]

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Sustainable tax Türkiye: Tax instruments on the path to sustainability

With the tax instruments gradually introduced over the years to promote sustainability, Türkiye aims to move closer to global climate targets and align with EU regulations such as the Carbon Border Adjustment Mechanism (CBAM). The concept of sustainability is no longer limited to environmental policies; it has become central to tax policy as well. Sustainable […]

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M&A in Croatia – Legal Overview Focused on Private Limited Liability Companies (d.o.o.)

Given that the majority of companies in Croatia are structured as limited liability companies (društva s ograničenom odgovornošću i.e. d.o.o.), this article will focus primarily on M&A involving limited liability companies.

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Mergers and Acquisitions in the Dominican Republic: Insights and Considerations

Mergers and acquisitions (M&A) are powerful tools for businesses seeking to expand, consolidate, or diversify their operations. In the Dominican Republic, the growing economy and favorable investment climate have made M&A transactions increasingly common. However, navigating the legal, financial, and operational complexities of these deals requires careful planning and specialized expertise.

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China’s 2025 investment framework: What global businesses need to know

On 19 February 2025, China unveiled a comprehensive action plan to stabilise and promote foreign investment. The plan includes various strategic measures which the government aims to use to attract and retain foreign capital.

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EU Omnibus Package: EU Commission plans changes to sustainability reporting

On 26 February 2025, the European Commission published significant proposals to simplify sustainability reporting. These adjustments primarily affect the Corporate Sustainability Reporting Directive (CSRD) and Article 8 of the Taxonomy Regulation. The aim is to reduce reporting obligations for companies and streamline processes.

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EU Omnibus Package: Significant Rollback of Corporate Sustainability Reporting Rules

The European Commission has announced its first EU Omnibus package to significantly reduce sustainability reporting requirements under the Corporate Sustainability Reporting Directive (CSRD) and other key ESG regulations. The proposal aims to streamline compliance, cutting annual administrative costs by an estimated €6.4 billion.

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Legal Aspects of High-Yield Real Estate Investment in India: REITs and GIFT City

India’s real estate sector is undergoing a significant transformation, driven by the convergence of Real Estate Investment Trusts (REITs) and Gujarat International Finance Tec-City (GIFT City). This combination is reshaping investment opportunities, offering both domestic and international investors access to India’s growing real estate market, projected to reach $1 trillion by 2030. However, while these opportunities are promising, understanding the legal framework governing these investments is crucial for ensuring compliance and minimizing risks.

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ESG reporting Greece: Stricter requirements under the new law

Greece is tightening the requirements for corporate sustainability reporting. In future, the obligation will also apply to small and medium-sized companies and companies from third countries listed in Greece. The Ecovis experts explain the future regulations for ESG reporting.

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EU Mobility Directive Luxembourg: Milestone for cross-border corporate transactions

With a new law, Luxembourg is improving corporate mobility. This is a milestone in Luxembourg company law and strengthens the country’s position as a hub for cross-border corporate transactions. The Ecovis consultants explain the changes.

International Service Offerings

Ecovis Newsletter ESG 02-2025

Ecovis is ready to support you in all areas related to ESG and consulting. Click here to send us an email and start assessing your readiness for your ESG journey. ESMA Emphasises Climate Reisks and ESG Investing The European Securities and Markets Authority (ESMA) shone a spotlight on climate-related risks and ESG investing at its […]

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ESG responsibilities: Hague Court of Appeal rejects claim for CO₂ reduction by Shell

European companies are not only faced with more and more ESG (Environmental, Social und Governance) regulations, but also court rulings on cases related to ESG-related topics, as a ruling by the Hague Court of Appeal shows. Board members and supervisory directors now should also be mindful that companies could be held accountable in court for their ESG responsibilities. The Ecovis experts explain what this means for companies.

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M&A in Europe: Outlook 2024-2025

Following a slow year in 2023, the European market for mergers and acquisitions (M&A) experienced a significant rebound in 2024. Key factors contributing to this recovery included stabilised interest rates, a decline in inflation, and increased investor confidence.

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DORA compliance requirements: Achieve compliance with the Digital Operational Resilience Act Self-Assessment Tool provided by ECOVIS ProventusLaw

The European Union’s (EU) binding Digital Operational Resilience Act (DORA) regulation aims to strengthen the IT security of financial companies such as banks, payment and e-money insurance companies, and investment firms. The EU wants to ensure that the European financial sector remains resilient in the event of a serious digital disruption. DORA came into effect on 16 January 2023 and applies from 17 January 2025.

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ECOVIS International is now offering M&A services in Morocco

In addition, to our partners of ECOVIS Morocco, we welcome our new partners from ECOVIS Advisory Morocco.

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Vietnam’s banking sector: Substantial innovations in Vietnam’s credit operations

Vietnam’s banking sector is changing. The Vietnamese government has therefore passed a law for credit institutions. It aims to strengthen the regulatory framework for credit institutions and improve consumer protection. The law came into force on 1 July 2024. Ecovis consultants explain the background and details.

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Company secretarial services Poland: Helping you deal with regulatory challenges

In the current business environment, companies face numerous challenges from regulatory obligations or simply from following the basic rules of corporate governance. This is what happened to an Ecovis client from Asia who wanted to start business activities in a sensitive sector in Poland and resorted to company secretarial services (CoSec) – a case study.

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Resident Director Services Australia: Expert Guidance for International Businesses

David Conley brings over 25 years of experience in tax and business consulting to his role as a director of Sydney accounting and business advisory firm, ECOVIS Clark Jacobs. His career journey, which includes stints at global firms such as Ernst & Young, Deloitte and PwC, has equipped him with a unique perspective on the importance of tailored, client-focused solutions.

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New Whitepaper Release: How ESG is Shaping Business Sectors by Alexandra Pasareanu

We are pleased to announce the release of a comprehensive whitepaper by Alexandra Pasareanu, Director from ECOVIS Wingrave Yeats, London. Titled “How is ESG Impacting Your Business Sector?”, this whitepaper provides an in-depth analysis of the role Environmental, Social, and Governance (ESG) principles play across multiple sectors, including Financial Services, Retail, Technology, and Real Estate, […]

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ESG related FAQs by EU, Nature Restoration Law and BAM Reporting

FAQs on the EU Corporate Sustainability Reporting Regulation The European Commission has published FAQs to help companies better understand and implement the EU’s corporate sustainability reporting rules. The document addresses common concerns such as scope, application dates and possible exemptions, with the aim of reducing the administrative burden on companies. It also clarifies situations where […]

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EFRAG publishes paper on connectivity and reporting boundaries

The European Financial Reporting Advisory Group (EFRAG) has published a paper “Connectivity Considerations and Boundaries of Different Annual Report Sections” as part of its proactive research project on aligning financial and sustainability reporting. The paper introduces the concept of “connectivity”, which aims to link sustainability and financial reporting more effectively. It looks at how reporting […]

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Italy implements legislative decree on corporate sustainability reporting

On September 10, Italy published Legislative Decree No. 125/2024, which implements the EU Corporate Sustainability Reporting Directive (CSRD). This new decree introduces comprehensive changes to corporate sustainability reporting, replacing previous regulations. Key updates include expanded reporting requirements, the integration of sustainability information into the annual management report, and a focus on a “dual materiality” approach […]

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Transfer pricing in Vietnam: Proposed changes of the draft amendments to Decree 132

Decree No. 132/2020/ND-CP (Decree 132) on tax administration for companies with related party transactions, which has been in force since 2020, has led to some restrictions and difficulties for companies. The Vietnamese government therefore presented amendments to Decree 132 in July 2024, which are to be adopted in the 4th quarter and will apply from the 2024 tax period. The Ecovis consultants explain the background and what is changing.

International Service Offerings

Corporate secretarial services in Finland: Efficient administrative management of clients’ Finnish operations through Ecovis Finland

Ecovis Finland offers comprehensive Corporate Secretarial (CoSec) services to international companies and funds, backed by a robust cooperation network that provides a solid foundation for fiducial services.

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CFC Taiwan: Implications of New Regulations for Offshore Trusts and Broader APAC Insights

Taiwan’s new CFC regulations, effective January 1, 2023, tighten tax rules for offshore trusts held by Taiwanese residents. A recent July 2024 ruling requires offshore trustees to register with Taiwan’s tax authorities and adhere to new reporting standards. The experts from TAK ASSOCIES and ECOVIS Taiwan CPA Firm explore these developments and their broader impact across the Asia-Pacific region.

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Ecovis Newsletter ESG / Summer 2024

In the last few months, the EU has made significant advancements in ESG (Environmental, Social, and Governance) regulations, particularly with the adoption of the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD). These standards will apply to a broad range of companies, including large EU companies, EU-listed small and medium-sized enterprises […]

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Vietnam Manufacturing Companies: How to set up a Company in Vietnam

Vietnam’s burgeoning manufacturing sector plays a pivotal role in its export-driven economy, attracting international companies with favourable conditions for foreign ownership. The experts at Ecovis Vietnam advise what you need to know before establishing a manufacturing company in Vietnam.

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Incorporation of Software Company in Vietnam: Legal Guidelines and Key Points

What are the considerations when setting up a technology business in Vietnam? The experts at ECOVIS Vietnam outline the steps for those considering an investment in this booming startup arena.

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Webinar: AI – Understanding the Legal & Regulatory Landscape

We are delighted to invite you to our upcoming webinar on Artificial Intelligence – Understanding the Legal & Regulatory Landscape in the EU, UK and US, hosted by the ECOVIS Legal Task Force. Date Tuesday 25th June 2024 Time 07:00 Pacific Time, Americas 10:00 Eastern Time, Americas 15:00 British Summer Time 16:00 Central European Summer […]

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Tax complexity for multinational companies: Increasingly complex regulations

Ever-changing regulations, global tax competition and digitalisation mean that multinational corporations (MNCs) are confronted with increasing tax complexity. This is revealed in the “Global MNC Tax Complexity Survey 2022”.

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How to close a company in Germany

Companies in Germany may want to close their business for various reasons such as changes in their business scope, due to financial problems, or failure to adapt to the market. Whatever the reason is for this decision to shut down the business, investors cannot simply abandon the company, or stop trading and walk away without following proper closure procedures, as it´s not enough to simply start doing business or selling products when opening a business.

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M&A consulting firms: Honours for Dutch Ecovis partner Taurus Corporate Finance

Dutch Ecovis partner Taurus Corporate Finance has been named ‘Acquisition Firm of the Year’ in the category ‘large’ at the M&A Awards Conference organised by Dealsuite.com/Brookz. This prestigious award is given annually to companies with an outstanding reputation in M&A consulting.

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ICAP: A New Paradigm in Transfer Pricing Certainty

Transfer pricing is increasingly viewed as a top concern for tax audits. Disputes in this area can be expensive, time-consuming, and disruptive, and they can significantly affect the performance of multinational enterprises (MNEs). Previously, Advanced Price Agreements (APAs) were the primary tool for MNEs seeking to ensure certainty in transfer pricing. The Organisation for Economic […]

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ETVE – Foreign securities holding entities in Spain: A useful tool for multinational investments

For investors looking for an efficient tool to invest in other countries through a holding company, the Spanish foreign securities holding entities (ETVEs) are very interesting. Many companies use Spain as a gateway to South and Central America because of the economic links and cultural and linguistic similarities. ETVEs were created by the government to maximise investors’ benefits.

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AIP permit Malta: Buying property in Malta as a Foreigner

The Maltese government welcomes applications from non-residents to purchase property in Malta by applying for an Acquisition of Immovable Property (AIP) permit. The rules for this have been simplified, as the Ecovis consultants explain.

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Transfer Pricing Malaysia: New Income Tax Rules in 2023

The Inland Revenue Board of Malaysia (IRBM) has issued the latest Income Tax (Transfer Pricing) Rules 2023, which are effective from the 2023 assessment year and replace the Income Tax (Transfer Pricing Rules) 2012. The experts from ECOVIS MALAYSIA TAX SDN BHD explain what companies must pay attention to. What the New Transfer Pricing Rules […]

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Cross-border Data Transfer Made Easy: The CAC Standard Contract

The transfer of personal data has been much simpler since 1st June 2023. This has been made possible by the newly introduced Collective Action Clause (CAC) Standard Contract, together with the corresponding Standard Contractual Clauses (referred to as “China SCCs”). The experts from Ecovis Richard Hoffmann law firm explain what needs to be considered with […]

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Cybersecurity Vietnam: Latest Draft of Cybersecurity Administrative Sanctions Decree

The Vietnamese Ministry of Public Security (MPS) has released the third draft of a Cybersecurity Administrative Action Decree (CASD). The draft CASD is scheduled to come into force on 1 December 2023. The experts from ECOVIS Vietnam OC Law in Ho Chi Minh City explain what this means in concrete terms for companies. The CASD […]

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Transfer pricing brazil: The tectonic shift in Brazil’s tax landscape

Brazil’s recent adoption of the Organisation for Economic Cooperation and Development’s (OECD) standard transfer pricing rules heralds a transformative shift in the Latin American tax paradigm. Marcum LLP* provides an overview of the new rules, which apply from 1 January 2024. As the ink dries on Law No 14,596, signed on 15 June 2023, Brazil […]

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DORA NIS2: New changes in the law should ensure more cyber security across the EU

On 10 November 2022, the European Parliament passed two legal acts: The EU’s Digital Operational Resilience Act (DORA) and the Directive on measures for a high common level of cybersecurity across the Union (NIS2). EU Member States should implement the NIS2 measures from 18 October 2024, and DORA will apply directly from 17 January 2025. Both […]

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Malta corporate law: Malta transposes EU Mobility Directive

On 7 February 2023, Malta transposed Directive (EU) 2019/2121 on cross-border conversions, mergers and divisions, more commonly referred to as the Mobility Directive, into Maltese Law. The primary aim of the Mobility Directive is to provide a coherent and harmonised legal framework for cross-border movement of limited liability companies across all Member States and therefore […]

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UAE Corporate Tax 2023: Implementation of the Federal Corporate Tax

The Corporate Tax Law will come into force in the United Arab Emirates on 1 June 2023. With this, the government is introducing new principles for the taxation of companies. The regulations comprise a tax rate of 9%. The Ecovis experts explain in detail what companies and investors can expect in the future. Introduction: Background […]

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Personal Data Protection Vietnam: New Decree to Come into Full Force in July

Decree No. 13/2023/ND-CP on personal data protection (PDPD) was issued on 17 April 2023. It comes into full force on 1 July 2023. From then on, all companies will have to comply with the regulations. However, the government has given SMEs a two-year deadline to implement some of the regulations. The Ecovis experts explain the […]

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ECOVIS Portugal provides corporate secretarial, domiciliation and directorship services to global investment entity

Background Our client is a global investment company who manages and administers €424bn of assets on behalf of their clients. The company had 8 entities in Portugal for which they needed corporate secretarial services, domiciliation, and directorship services. This client approached us through our existing partner Citco. Issue The client needed domiciliation, directorship, and corporate […]

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M&A Netherlands: The promising way to sell a business to a listed company

For many owners of medium-sized companies this is the dream. There is a common feeling that selling to a big buyer with deep pockets is the easiest and most rewarding option. But appearances can be deceptive. The M&A experts at Taurus Corporate Finance* know where the pitfalls in the process lie. If medium-sized companies sell […]

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Transfer pricing Poland: Changes to reporting deadlines

Poland has changed its transfer pricing reporting deadlines from the beginning of 2023. Businesses now have more time to prepare local transfer pricing documentation. The Ecovis experts know the details and the other changes. The changes are part of an amendment to the Corporate Income Tax Act. Currently, local transfer pricing documentation must be prepared […]

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France: Updates to list of tax haven countries

On 5 February 2023, the French government expanded the list of non-cooperative states in tax matters. The French blacklist was amended by a decree published in the French Official Journal, with the Bahamas and the Turks and Caicos Islands added as of 1 May 2023. This takes into account the modifications to the EU blacklist […]

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Brazilian transfer pricing rules: Closer to OECD guidelines

Brazil is changing transfer pricing rules to allow for joining the OECD. The new rules foresee the adoption of methods and the definition of related parties to align Brazilian regulations with international standards. The proposed legislation must be approved and turned into federal law in 2023. In this event, the rules will be mandatory for […]

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Setting up a Business in India for Foreign Companies

Given India’s rapidly growing market, the country’s investment potential has enticed a slew of foreign companies to establish their presence in India. Over the last few years, initiatives have been taken to ensure that establishing a business in India is more straightforward and foreign companies are encouraged to invest in the country.

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Supporting Hydroline Oy in establishing a company and expanding in Poland

Hydroline Oy is a leading manufacturer of world-class heavy-duty hydraulic cylinders. The company started as family business in 1962 in Vuorela, Finland. Hydroline Oy’s customers include the most renowned machine and device manufacturers in mining, construction, agriculture, maintenance, load handling, forestry, hoisting, recycling, defense, energy and other industries. In 2012, company decided to expand its operations abroad and […]

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Transfer pricing Greece and other amendments to the Greek tax legal framework

The Greek government is to introduce several changes to the tax framework. This includes, for example, relief from double taxation for intercompany transactions subject to transfer pricing rules or the enforcement of stamp duty obligation. The Ecovis experts explain the details of the tax changes.

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Vietnam cybersecurity law: Data localisation requirement for digital service providers

The Vietnamese government has clarified certain articles of the Cybersecurity Law 2018. This includes, for example, which data is subject to the localisation obligation, or in which cases a branch office is to be established. Decree no. 53/2022/ND-CP (the “Decree”) came into force on 1 October 2022.

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Entities holding foreign securities (ETVE) in Spain

An opportunity to fiscally optimize the multinationals investments. ETVEs (“entities holding foreign securities”) were created in Spain in 1995 as another way to attract foreign investment, specifically to promote the establishment in Spain of holding entities which, based on the treaties for the avoidance of double international taxation signed by Spain with other countries, made […]

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M&A transaction with Belgian parent company to an company in Hungary with US subsidiary

We were contacted by an in-house attorney of a multi-national company based in Belgium regarding corporate/M&A legal services in the United States. The client provides technology solutions for a variety of applications, including energy storage and testing, automated systems, etc.

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M&A Asia: A practical view on issues for multi-country acquisitions

Companies can generate growth by acquiring other companies. The Ecovis experts explain which legal and tax aspects must be considered in M&A and how to use data rooms correctly.

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M&A Poland: Interesting perspectives for companies willing to buy

M&A activity has entered a new, exceptional period. In Poland, the economic crisis is just beginning, with inflation now exceeding 14% (the European average is 9%) and the slowdown in economic growth is noticeable, with even the threat of stagflation. Even if the economy is in crisis, it is still an extremely good time for […]

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Business Valuations

A business valuation is the process of determining the economic value of an enterprise, giving business or potential owners an objective estimate of the value of a business. Business valuations are not an exact science and valuation experts must exercise significant professional expertise and judgement when making their assessments. Business valuations have an important role […]

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E-invoicing in Guatemala: Companies must act now

From 1 January 2023, companies in Guatemala will only be able to issue e-invoices. This is the only way tax documents may be issued from this date.

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PFIC rules: US passive foreign investment company rules

Many taxpayers are surprised to learn that they are investors in a passive foreign investment company and that this can have negative tax consequences. The experts from Marcum LLP* can provide a detailed analysis of a taxpayer’s PFIC exposure, US tax liability from PFIC investments, and planning opportunities to improve their effective global tax structure.

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M&A data analytics: The use of data in mergers and acquisitions

Collecting, analysing and correctly evaluating data is more important than ever for successful M&A. The M&A specialists from Taurus Corporate Finance, an ECOVIS partner in the Netherlands, explain how correct data analysis works and which methods should be used.

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Family Constitutions in Succession Planning

Succession planning and ownership transitions, especially in family businesses, can be challenging. In many cases, the current owner and the successors have different levels of motivation and disparate timelines. While ownership transitions benefit both the original owner and the new owner, there are many pitfalls to avoid. The devil is in the details, as they […]

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Start-Up Business in Pakistan

In recent years, there has been strong growth in start-ups in Pakistan. According to the Security and Exchange Commission of Pakistan (SECP), the country has moved up in the World Bank’s Ease of Doing Business Index for the second consecutive year since 2019, going from 130th to 72nd in the ‘Starting a Business’ category.

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Investment Screening in Denmark: Additional Considerations for Danish M&A Targets

Denmark has joined the list of countries with mandatory investment screening regimes. New rules came into force on 1 July 2021 affecting foreign direct investment and special financial agreements. The rules apply to investments and agreements which are due to be closed after 1 September 2021.

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PIPL China: How to Prepare for China’s New Data Protection Law

China’s new data protection law regulates how companies must handle personal data. Failure to comply can lead to penalties. Companies must act now and implement the new rules.

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Legal Due Diligence for M&A in Vietnam

Mergers and Acquisitions (“M&A”) are considered one of the fastest ways to help investors expand into new markets, create synergies, and grow revenue. To minimize potential legal and commercial risks, a thorough assessment of the target company must be conducted. Legal due diligence (“LDD”) is one of the most important types of due diligence.

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M&A opportunities in the Spanish market

The Spanish M&A market is at an exceptional moment, with great opportunities in thriving sectors and a generation of entrepreneurs looking for alternative solutions to the lack of succession and liquidity streams caused by the pandemic.

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COVID-19 Implications to Business Groups

As a result of the COVID 19 health emergency, compliance with the market value principle becomes an important challenge for Business Groups, given the economic impacts that has been generated in most industries around the world during fiscal years 2020-2021 and will continue to have implications in the following years. That said, the need arises […]

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EBITDA-Multiples: The Easy Way to Determine Enterprise Values?

The most common way to determine an enterprise value is to use a multiple of the EBITDA. When a deal is closed, both parties know the enterprise value and the EBITDA. Determining this multiple seems like a simple exercise and in many countries they are published in trade magazines. How useful are these figures? A […]

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2020 Global MNC Tax Complexity Survey: “There Will Never be a Tax Declaration on a Beer Mat”

Researchers from the University of Paderborn and LMU Munich have published an insight into the data from their third global survey on tax complexity. The data once again shows that overall tax complexity has increased worldwide for Multinational Corporations (MNCs) over the last two years. ECOVIS International partners also contributed data to the survey.

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Ecovis cooperates with Taurus Corporate Finance

We welcome our new partners from Taurus Corporate Finance headquartered in Deventer. Ecovis cooperates with Taurus Corporate Finance a Netherlands based Corporate Finance firm. Taurus Corporate Finance was established in 2011 as a merger of the M&A-activities of our existing Dutch partners from ECOVIS BonsenReuling and a consultancy firm. Mark Eenink was the first managing […]

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Payroll in Singapore: Common Non-compliance HR Matters

Are you aware of the following? Under the Skills Development Levy (SDL) Act, employers are required to pay SDL, at different contribution rates, for every employee they hire. This applies to all permanent, casual, part-time, temporary or foreign employees rendering their services wholly or partly in Singapore. Bonuses are considered additional wages (AW) and the […]

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Doing Business in Australia: Establishing a Local Company isn’t the Only Solution…

We are often contacted by our Ecovis international network offices asking if we can set up a company for their local clients who are planning to do business with Australia. While we are more than happy to do this, the client may be able to do business with Australia without the need for a company.

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Invest in Vietnam: COVID-19 and M&A Market Potential

Vietnam is developing into an attractive M&A market for investors – despite the decline in the global M&A market due to corona virus. This is the result of new laws that facilitate business investments, additional free trade agreements and currently one of the most effective COVID-19 disease control programmes.

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Ecovis is now offering legal services in Thailand

Ecovis welcomes its new partners Estudio Peebles Member of ECOVIS International in Argentina.

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Tax Relief for Family Offices in Greece

Greece introduced a new business tool for the management of cash flow and family property assets in February 2021. It is regulated in the “family offices” law.

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Start-Ups and Cybersecurity: How to Deal with a Cyber-Attack

For many start-ups, cybersecurity will become even more important in 2021, as data breaches have legal consequences. Every company must take the appropriate technical and organisational measures to protect customer data and prevent cyber-attacks.

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Steep Penalties for Not Preparing Transfer Pricing Documentation in Malaysia

The Inland Revenue Board of Malaysia (IRBM) has taken a significant move to improve transfer pricing compliance by introducing new penalty provisions, whereby taxpayers involved in related party transactions must prepare either full or partial transfer pricing documentation, depending on whether the taxpayer has reached the threshold. Failing to prepare the transfer pricing documentation will […]

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India Adopts Faceless Tax Assessments and Appeals: A Pragmatic Approach

One impact of the global Coronavirus pandemic is that, in some parts of the world, the use of digital communications has accelerated. India has adopted “faceless” interactions through digital means with tax payers, and the Revenue department has been agile in keeping up with changes, introducing faceless tax assessments and appeal schemes for all categories of taxpayers (barring a few exceptions) across the country.

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Ecovis is now offering legal services in Argentina

Ecovis welcomes its new partners Estudio Peebles Member of ECOVIS International in Argentina.

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Taxing the Digital Economy: Has Corona Cancelled or Postponed the Global Tax Revolution?

The pressure was high from the outset when, with the finalisation of the BEPS Action Plan in Oct. 2015, the OECD simultaneously began to initiate a further and even more far-reaching project: an Inclusive Framework (IF) on the taxation of the digital economy, due for completion by the end of 2020.

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DAC 6: New Mandatory Disclosure Rules in EU Tax Law

The latest amendment to the DAC 6 (Directive for Administrative Cooperation), Directive 2018/822, obliges EU Member States, to enact mandatory disclosure rules for potentially aggressive cross-border tax planning arrangements. It is important to note that from a business perspective, such reporting obligations lie not with the taxpayer himself, but with his/her advisor (the “intermediary”) who contributed […]

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Foreign Investment: Property Acquisition, Rules & Regulations

Speculation in and around the future of the Australian property market remains rife within this country. The increasingly expensive (relative to average earnings) property market is also an electoral issue, with some pressure now being exerted on politicians to restrict via legislation the ability for foreign residents to own property in this country. Foreign ownership […]

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Corona-Pandemic: Immediate Taxation, Legal Measures and Financial Aid in Poland, Spain and Italy

To combat the effects of the COVID-19 crisis, Poland has introduced an “Anti-Crisis Shield”, with concrete measures on tax deferral and financial aid packages. Spain and Italy have also released more financial aid measures. Our experts summarise for you.

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License Issued, What Next?

Over the last few years, ECOVIS ProventusLaw has successfully guided more than thirty fintech companies through the licensing process in Lithuania. Fintech is a dynamic and rapidly developing business sector in Lithuania, with around 180 fintech companies currently operating in the country. The Bank of Lithuania is constantly receiving applications for electronic money and payment […]

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The Wins Keep Coming for the Australian Taxation Office

The Federal Court’s ground-breaking ruling against Chevron Australia Holdings Pty in 2017, encouraged the Australian Taxation Office (ATO) and the government to amend the law on thin capitalisation and transfer pricing and more actively pursue large multinationals. But even smaller companies which operate in Australia or wish to settle there, must prepare for the effects.

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Ecovis is now represented in Pakistan

We welcome our new partners of ECOVIS FAMCO Associates headquartered in Karachi.

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Ecovis has a new partner in Madrid

In addition to our local Madrid partners of ECOVIS Fiscalges and ECOVIS Legal Spain v. CARSTENN-LICHTERFELDE ABOGADOS we are glad to welcome our new colleagues from ECOVIS Grosclaude & Partners. ECOVIS Grosclaude & Partners was established in July 1990. It is an independent auditing firm focused on serving local and international companies and organizations located […]

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Ecovis is now represented in Myanmar

We welcome our new partners from ECOVIS FAMAT Group headquartered in Yangon.

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United Kingdom: Navigating the tax issues for a multi-jurisdiction crypto-business

Ecovis Wingrave Yeats (London) has recently engaged with a company which is raising capital through an initial coin offering (ICO) which it will then invest in a basket of established and emerging cryptocurrencies with masternode infrastructure.

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Czech Republic: How the EU’s General Data Protection Regulation (GDPR) applies to due diligence reviews and M&A transactions

Privacy protection plays a vital role in every transaction, whether in assessing the risks for the buyer, should personal data in the target company not be handled correctly, or in considering how to deal with personal data obtained within the framework of legal due diligence. It affects sellers, buyers and target companies alike. The EU’s […]

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Germany: Transfer pricing correct calculation

Settlements within a group of companies with a foreign connection must comply with the arm’s length principle and take place as between third parties, to avoid suspicion of tax evasion.

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Ecovis Sydney provides comprehensive start-up services to UK film company

Background In November 2012 KEO Films, which had recently won a contract to produce an Australian version of a UK TV series, was put in contact with Ecovis Sydney, because they needed to get their footprint established urgently, before Christmas!

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UK: Uber’s data privacy breach – the consequences

We are now less than six months away from the implementation of the General Data Protection Regulation (GDPR), which is expected to produce massive changes to be implemented by businesses when handling the data of third parties. Among the GDPR’s most headline-grabbing provisions are the significantly increased administrative fines. There is also the requirement that […]

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Greece introduces CbC to counter BEPS

Law 4484/2017: Implementation in domestic legislation of EU Directive 2016/881 concerning mandatory automatic exchange of information by Country by Country Reporting (CbC) This publication in the Official Government Gazette Α’ 110/01.08.2017, Law 4484/2017, which inter alia provides new transfer pricing documentation requirements, introduces the provisions of EU Directive 2016/881 on mandatory automatic exchange of information […]

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Automobile production in future without any Chinese partners?

China pledges to end 50% cap on joint-auto ventures by 2025. On April 25th, 2017, several government agencies released the latest industrial plan for China’s auto industry.

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International Tax, Audit, Accounting and Legal Newsletter Greece

Amendments & Simplification of companies’ establishment procedures introduced by Law 4441/2016 and Tax Amendments introduced by Law 4438/2016

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Spain – Real Estate: A good opportunity for foreign investors

In this article we will not review the situation of the real estate market in Spain as a whole and how to invest in it, but only one of the segments of the market: direct acquisition of coastal residences from their current owners.

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Slovak tax news 3/2016

The draft amendment to the Income Tax Act; the draft amendment to the VAT Act; the draft amendment to the Tax Administration Code; Criminal responsibility of legal persons Act; Judgement of the Court of Justice C -128/14.

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Italy: International aspects of BEPS and the perspective of SME’s

The initiative to combat base erosion and profit shifting (BEPS) carried out by the Organisation for Economic Co-operation and Development (OECD) and the G20 has been a hot topic in today’s tax world.