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...

Malaysia: Updates to the 2018 Special Voluntary Disclosure Programme

In our previous client alert published in November 2018, we covered the 2018 special voluntary disclosure programme ("SVDP") which was announced during the Budget...

Common Reporting Standard: Potential Impacts on Financial Institutions in Thailand and Residents

Snapshot: The happeningsThailand has committed to new global regimes on exchanges of financial information among multiple jurisdictions by joining the Global Forum on Transparency...

New Property Tax in Thailand

On 16 November 2018, the National Legislative Assembly ("NLA") passed the Land and Building Tax Act ("Act") after lengthy deliberation by the committees involved....

Ukraine Initiates Taxation of Crypto Assets

On 19 September 2018, the Verkhovna Rada (Ukrainian Parliament) published a draft law setting out the principal rules for taxation of transactions involving virtual...

End of US Offshore Voluntary Disclosure Program

The US Internal Revenue Service announced that it will end the 2014 Offshore Voluntary Disclosure Program on September 28, 2018.

Nafta In Play-The State of Play Following the Sixth Round of Negotiations

We summarized the key issues discussed at the sixth round of the NAFTA 2.0 negotiations which was concluded on January 29 in Montreal.

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