Turkey : New “Tourism Share” Payment Liability on Certain Commercial Enterprises

Read publication in Turkish  Recent Development The Law No. 7138 on the Tourism Publicity and Development Agency ("Law"), published in the Official Gazette No. 30832 dated...

Dutch Government Publishes ATAD 2 Implementation Bill

On July 2nd, 2019, the Dutch government published a legislative proposal on the implementation of the EU Anti Tax Avoidance Directive 2 ("ATAD 2")...

Thailand: Customs Department Expands Duty Assessment Period Up To Ten Years With New Interpretation...

Recently, the Customs Department re-interpreted section 19 of the Customs Act by claiming that customs officers have the power to assess duty on shipments...

South Africa: Redesigning Legal Services in Africa

Investors in Africa face an increasingly complex business environment, with numerous geopolitical and economic risks to consider, as well as having to comply with...

Switzerland: Abolition of Bearer Shares and Criminal Sanctions for Board Members and Shareholders

In a nutshell:Issuance of bearer shares not permissible anymore after 1 January 2020. Automatic conversion of existing bearer shares into registered shares on...

Belgian Cayman Tax: Publication of an Extended Blacklist of Entities Established Outside the EEA

Last Thursday, a Royal Decree extending the list of non-EEA entities targeted by the Belgian Cayman tax was published in the Belgian Gazette. The...

US: OFAC Publishes “A Framework for Compliance Commitments”

On 2 May 2019, the US Office of Foreign Assets Control (OFAC) published A Framework for OFAC Compliance Commitments (Framework). This long-awaited document sets...

May 2019 International Trade Compliance Update

Read publication  The May 2019 edition of Baker McKenzie's International Trade Compliance Update features the following updates:WTO: Australia ratifies Government Procurement Agreement; 6 regional trade...

US: Regulations Address FATCA Verification and Certification Requirements

On 21 March 2019, the US Internal Revenue Service (IRS) issued final regulations (the Final Regulations) relating to FATCA verification and certification requirements. FATCA...

Global Legal Guide for Luxury & Fashion Companies

Despite geopolitical shifts, uncertainty and various factors that seem to affect numerous sectors, the global luxury and fashion industry has tripled in the last...

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