Newsletter

German exit tax: Investment assets now included

If a natural person who is subject to unlimited tax liability in Germany gives up his or her domestic residence or habitual abode in Germany, he or she is subject to German exit tax under the Foreign Tax Act. Under the new rules, this now also includes investment assets. The Ecovis experts explain the details.

Relevant aspects of cases in real estate for foreigners in Mexico: Real Estate in Mexican Beaches.

In Mexico, foreigners are prohibited from acquiring direct ownership over land and water, so they solely can use and take advantage of real estate located in the restricted zone of 100 and 50 kilometers along the Mexican borders and along the beaches, respectively.

Representative office in Vietnam: Essential updates

Foreign companies with representative offices in Vietnam must ensure that their representative office (RO) license is always up to date. Otherwise, they face high fines and business activities will be hindered. The Ecovis experts explain the updating process and which documents are required.

Global minimum tax Turkey (Türkiye): Developments in taxation

With the introduction of Law No. 7524, Türkiye has added the section “Local and Global Minimum Supplementary Corporate Tax” to the Corporate Data Law No. 5520. This regulates tax liability, tax base and tax rate, as well as exceptions and exemptions for multinational companies covered by the law. The Ecovis experts explain these and other details on the implementation of the tax.

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.

Invest in Tunisia: Reform 2025 and its implications for investors

Tunisia is starting the 2025 fiscal year with several major economic and fiscal reforms. These include increases to the SMIG (Guaranteed Interprofessional Minimum Wage) and SMAG (Guaranteed Minimum Agricultural Wage), as well as benefits such as tax and customs amnesties. Taxpayers will need to adapt quickly to take advantage of the new measures. The economic and tax reforms are also designed to make it easier for companies to invest. The Ecovis experts explain the new regulations.

Tax for non-domicile digital services providers in Peru: Oversight campaign launch

The Peruvian Tax Administration (SUNAT) has officially initiated a 2025 tax oversight campaign targeting non-resident companies offering digital services in Peru. The campaign focuses on ensuring compliance with Peruvian tax regulations, particularly among digital streaming platforms operating in the country.

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.

Companies act Croatia: How to deal with share capital and company shares as a result of the introduction of the Euro

On 1 January 2023, the Republic of Croatia converted the kuna to the euro with a fixed exchange rate. How and when must companies adjust their share capital and shares to the new currency and the Companies Act Croatia? The Ecovis experts explain the regulations.

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.

Real Estate Investment in Peru: A Promising and Tax-Efficient Opportunity

Peru has emerged as a highly attractive destination for real estate investment, offering both promising returns and a favorable legal and tax framework. The sector has demonstrated consistent growth over the last years, fueled by increasing urban development, infrastructure expansion, and a rising demand for both residential and commercial properties.

Portugal’s new tax measures: State budget for 2025

The Portuguese state budget includes some new tax measures. These include the exemption of income tax for young people and the gradual reduction of corporate tax for companies. The Ecovis experts explain the details of the 2025 state budget.

Vaz de Almeida Advogados among the “Most Admired Law Firms in Brazil” for the 9th time

Vaz de Almeida Advogados has been recognised for the 9th time as one of the “Most Admired Law Firms in Brazil by Major Companies”. This award is part of the “Análise Advocacia” 2025, which was presented on Thursday 28 November in São Paulo.

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.

Taxes in Slovakia: Recent changes to legislation

In recent months, Slovakia has implemented several changes to legislation concerning corporate income tax and value added tax. A new financial transaction tax has also been established. The Ecovis experts explain the main key points of changes in taxes in Slovakia.

Invest in Kosovo: Brief economic overview

Kosovo is one of the youngest countries in Europe with a lot of potential. With an annual GDP growth rate of around 4%, a skilled workforce and a business-friendly climate, Kosovo is interesting for companies and investors. The economy is primarily driven by services. They account for more than half of GDP, followed by industry and agriculture.

How to manage tax risk in China

Companies, as well as private individuals, must manage their taxes in order to be able to identify and contain potential risks. The penalties for mistakes are harsh and fearsome. The Ecovis experts explain how tax risks can be managed in China.

Global minimum tax Brazil: Government proposes additional taxation

Multinational companies with a global annual turnover of more than EUR 750 million will have to pay an additional social security contribution on their net profits (CSLL) in Brazil from the 2025 tax year. Affected companies should therefore review their tax planning strategy. The consultants at Ecovis know the details of the new global minimum tax.

Corporate law in China: Liability risks under the new law

As of 1 July 2024, China’s revised corporate law imposes stricter liability rules for directors and board members, significantly heightening personal accountability for violations of duties and laws. This change amplifies transparency and due diligence obligations while subjecting directors to stricter oversight.

Short term rental regulations Czech Republic: What landlords need to consider in the future

In October 2024, the Czech Ministry of Regional Development issued a regulation on short-term rentals. The new methodological guide to clarify the rules for short-term rentals applies in particular to apartments offered on platforms such as Airbnb. The Ecovis experts know what landlords must prepare for.

Uruguay free trade zone: A unique opportunity to invest

Free trade zones are particularly well-known and popular because of their tax advantages. In Uruguay, a company that operates in a free trade zone is exempt from paying all current or future national taxes. The Ecovis experts know what other advantages there are for multinational companies that want to settle in a free zone.

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.

Special instalment regime for tax debts in Peru: Terms, benefits, and exclusions

The recently published legislative decree no. 1634 introduces a special instalment programme for tax debts in Peru. It is managed by the Peruvian financial authority SUNAT and covers debts payable up to 31 December 2023. The Ecovis experts explain the details.

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.

E-Commerce Platforms in Vietnam: Proposed New Tax Responsibilities for Platform Owners

In recent years, the rapid growth of e-commerce in Vietnam has prompted significant changes in the regulatory landscape. The Vietnamese government is now proposing new tax responsibilities for e-commerce platform owners to ensure better compliance and transparency. The Ecovis experts from ECOVIS AFA VIETNAM explore the current tax administration requirements and the proposed amendments to the Tax Administration Act aimed at streamlining tax declaration and payment processes for businesses operating on e-commerce platforms.

Malaysia Special Economic Zones: Exclusive Tax Incentives to Establish Your Family Office in Malaysia’s Forest City Special Financial Zone

On 20 September 2024, YB Senator Datuk Seri Amir Hamzah Azizan, Finance Minister II, delivered a keynote address at the Forest City Special Financial Zone (FCSFZ) Tax Incentive Announcement Ceremony. The address highlighted the Government’s commitment to fostering investment and positioning Forest City as a competitive financial hub through attractive tax incentives. This initiative is aimed at attracting global Single Family Offices (SFOs) to establish their presence in the region, promoting economic growth and generating high-value employment opportunities.

Simplex Portugal: Paradigm shifts and the increased need for legal support in real estate

Throughout 2024, the Portuguese government has implemented a legal package named Simplex. It includes measures to overcome challenges related to a lack of housing and simplifying urban planning and licensing, in line with a “zero licensing” philosophy.

Chinese Companies Going Global: Tax & Accounting Risks

In the wave of globalization, “going global” has become an important strategy for many Chinese enterprises. In some cases, companies often formulate meticulous investment strategies, but many have less knowledge about the tax and accounting of the target country(ies). Neglecting accounting and tax risks will inevitably result in unnecessary fines and penalties, leading to limited development.

Labour code Luxembourg: New law for transparent and predictable working conditions

Luxembourg has amended its labour code to implement the EU Directive 2019/1152 on transparent and predictable working conditions: Employees should have improved access to essential information relevant to their employment relationship. The new regulations came into force on 4 August 2024. The Ecovis consultants know what companies need to do now.

Real Estate Hungary: Local Hungarian referendum could change Airbnb market

From 2026, real estate investors in Budapest will most likely have to change the use of their property if they rent it out as Airbnb for a short period of time. This follows a local referendum in the Terézváros district of Budapest in which residents rejected Airbnb. The Ecovis consultants explain the consequences of the referendum.

EU Pay Transparency Directive: Impacts on employers and employees by 2026

By June 2026, EU member states must implement the new European Union (EU) Pay Transparency Directive into national law. It aims to reduce the pay gap between men and women, partly caused by direct or indirect gender discrimination. The new directive includes measures ranging from banning potential employees from asking about their current salary to allowing employees to speak up about their pay. The Ecovis experts explain the details.

Property tax Poland: New version of amendment published

The Polish government has published a new version of the amendment to the property tax law. Among other things, it aims to remove doubts about the interpretation of the current provisions and to clarify them so that they can be applied correctly. The law is set to come into force on 1 January 2025.

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.

VAT Hungary: New era in Hungarian VAT compliance

On 1 January 2024, the Hungarian Tax Authority (HTA) introduced a new electronic VAT system, eVAT (eÁFA). It offers taxpayers various electronic services to streamline and automate the preparation of their VAT returns. The Ecovis experts explain the details.

The new digital transaction levy in Greece: What businesses need to know

From 1 December 2024, a new tax on digital transactions will apply in Greece. It replaces the traditional stamp duty. More than 600 types of transactions will now be exempt from stamp duty. The Ecovis experts explain the details of the new law and what businesses need to know.

VAT on digital services in Peru: Implementation postponed to 1 December 2024

Providers and sellers of digital services who are not based in Peru will not have to register and pay 18% VAT to the Peruvian tax authorities until 1 December 2024 – a delay of two months. The Ecovis consultants know the details.

Web scraping protection: How companies can protect their online content from being used by AI providers

Providers and developers of (mostly general) AI tools often train their systems with data that is subject to copyright or database rights of third parties. How can they be prevented from using the authors’ online content for AI training against their will? Is web scraping permitted under European law? The Ecovis experts answer these and other questions.

Ecovis is back in Japan

We warmly welcome our new colleagues from Japan to the Ecovis family! ECOVIS AKIA Tax Consultants was established in July 2008 by two partners to support foreign affiliated companies to enter the Japanese market.

EU Packaging Directive: Stricter rules for packaging

The European Union is significantly tightening the rules for packaging. A new regulation, the final version of which is expected this year, will create a comprehensive legal framework for more resource-efficient and recycling-friendly packaging.

Buying a house in Portugal: New tax incentives

On 1 August 2024, exemptions were introduced to Portuguese real estate transfer tax and stamp duty for the purchase of a first permanent home by young people (foreigners or Portuguese nationals) up to the age of 35. The Ecovis experts explain the details of when exactly the tax benefits apply.

Commercial yacht registration Malta: Introduction of Small Commercial Yacht Code

The Small Commercial Yacht Code came into force in Malta on 1 April 2024. This makes it easier for smaller yachts between 12 and 24 meters to register according to the standards set there. The Ecovis experts know the details.

Hungary: White Card for digital nomads

The new Hungarian immigration law came into force on January 1, 2024. The new provisions include previously known and new opportunities for expatriates wanting to live in Hungary, although the implementation of the law and practice are still evolving. Hungary issues a special residence permit for digital nomads, the White Card. The experts at Ecovis explain what it costs and how to apply for it.

Vietnam’s social insurance law: New law to come into effect on 1 July 2025

Vietnam’s 15th National Assembly recently passed Law No. 41/2024/QH15 on social insurance. The new law introduces amendments that address current inadequacies between legislation and real-life practice, while improving the rights and benefits for social insurance participants. It will come into effect on1 July 2025. The Ecovis experts know the changes.

ATO Data Matching: What Taxpayers Should Know

The Australian Taxation Office (ATO) is drawing media attention this tax season with its scrutiny of various areas, including the usual remote work expenses, as well as cryptocurrencies and rental properties. However, beyond the media spotlight the ATO has also quietly developed new data connections that could indicate future audit targets. Scott Hogan-Smith from ECOVIS Clark Jacobs explores these data links and the information being gathered about taxpayers.

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.

India Announces Simplified Tax Regime & Reforms

India’s recent budget proposals have introduced reforms to make its tax regime easier to understand and more business-friendly. In this article, the experts at ECOVIS RKCA explore how these new rules will impact a wide range of stakeholders, including start-ups, multinationals and individual investors.

Doing business in Croatia: Mandatory e-communication

Companies wanting to set up a business in Croatia or provide services there from an EU or EEA country must register their company for “e-communication”. All legal proceedings are handled via this information system. Registration is mandatory, even without a specific reason. The Ecovis experts explain the details.

Top Talent Pass Scheme Hong Kong: Highlights of the TTPS • 高端人才通行證計劃

The Top Talent Pass Scheme (TTPS) is one of the new measures announced by the Hong Kong Special Administrative Region (HKSAR) government to attract talent to Hong Kong. This scheme is expected to be popular as it does not require employer sponsorship at the time of application. The scheme is widely available to eligible nationals from many countries and offers a new path to Hong Kong to live and work. The experts from ECOVIS Axial CPA Limited outline the features and benefits.

Vietnam: Tax, Land Rental Payment Deadlines and 2% VAT Reduction Extended till End of 2024

The Vietnamese government is easing financial pressures by extending tax and land rental deadlines and prolonging the 2% VAT reduction on certain goods and services through the end of 2024. The experts at ECOVIS AFA VIETNAM provide a detailed overview of these recent measures, which impact various tax and land rent obligations.

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.

Celebrating 20 Years at ECOVIS Ruide Shanghai

We are excited to share the news that ECOVIS Ruide Shanghai, founded in 2004, celebrates its 20th anniversary this year! We marked this significant milestone with a special celebration in June. Over the past 20 years, our journey has been shaped by the support of our clients and the entire ECOVIS International network, through both triumphs and challenges.

Malaysia E-Invoicing: Embracing the Digital Future

Malaysia is launching e-invoicing to modernize its tax system and streamline business transactions. Starting August 2024, the Inland Revenue Board will phase in this digital system, replacing traditional invoicing methods. The experts at ECOVIS MALAYSIA TAX SDN BHD explain what businesses need to know about this transition, including implementation timelines, benefits, and compliance requirements.

List of high-risk tax schemes Peru: The tax authorities expands the list under GAAR

On 9 July 2024, the Peruvian tax authority published an updated version (third version) of the list of high-risk tax planning models, which now includes 24 arrangements that can be challenged under the Peruvian general anti-avoidance rule. Taxpayers involved in such transactions must expect these structures to be challenged. The Ecovis experts explain the details.

Property tax Poland: Amendments to the according tax regulations

The Ministry of Finance has published a draft law amending the Law on Local Taxes and Fees which will, among others, also affect the regulations on property tax. The law is expected to come into force on 1 January 2025. The Ecovis experts are familiar with the changes and explain the potentially far-reaching consequences.

Developments in taxation in Türkiye (Turkey)

The Government of Türkiye (formerly Turkey) has introduced new tax regulations. These include the extension of currency-protected deposits and a tax on inflation profits. It has also been decided that the additional tax is constitutional. The Ecovis consultants explain the latest developments.

WKO Advantage Austria: Ecovis China are trusted experts for Chinese legal, tax and financial insights – a case study

WKO Advantage Austria has built a long-term and successful business relationship with ECOVIS Richard Hoffmann Law Firm & ECOVIS Ruide Shanghai, led by partners Richard Hoffmann and Pingwen Hu.

VAT Finland: The changes companies need to prepare for

From September 2024, there will be significant VAT changes in Finland, impacting various industries. Companies must understand the changes and prepare for the new challenges in order to maintain their financial stability and competitiveness.

ECOVIS OC Law Facilitates Successful Market Entry for Leading Native Advertising Pioneer in Vietnam

Our client, a subsidiary of a leading multinational company based in Singapore, is a global pioneer in native advertising. As they expand their innovative revenue growth solutions across the advertising ecosystem, they rely on ECOVIS OC Law for expert legal support in Vietnam.

Smooth Sailing into Vietnam: Ecovis Facilitates Seamless Expansion for German Logistics Leader

Our client in Germany, a major player in the logistics sector, was looking to expand its operations into Vietnam. To ensure a seamless and compliant establishment in this new market, they turned to Ecovis for expert assistance.

Morals clauses in the age of AI: An artificial misconduct

Working with celebrities or public figures involves risks. If the talent’s reputation suffers, the bad image will reflect on the company. Celebrity endorsement contracts manage this risk with a morals or conduct clause. The experts at Pryor Cashman LLP* explain why this is particularly important in connection with AI.

Non-cash payments Vietnam: New regulations

The Vietnamese government recently issued Decree No. 52/2024/ND-CP (Decree 52) regulating non-cash payments. This regulates the opening and use of payment accounts and sets out clearly the cases for blocking or closing such accounts. Decree 52 takes effect from 1 July 2024. The Ecovis experts explain the effects.

Incorporate Dutch BV: The incorporation of a digital Dutch BV with English as the official language

As of 1 January 2024, it is now possible to digitally incorporate a private company with limited liability (Dutch BV) in the Netherlands. The experts from KienhuisHoving – a member of ECOVIS International – explain the most important points of this change in Dutch law.

Automated data management: Streamline your client data collection with Flowsecure, including KYC searches

Flowsecure can significantly reduce the manual effort involved in data processing and KYC processes. This gives companies more time to concentrate on their core competencies. The Ecovis consultants in Norway explain why they decided to do this in the interests of their clients.

CSR Luxembourg: The auditor’s vital role in implementing the EU Directive

The draft law to implement EU Directive 2022/2464 on corporate sustainability reporting (CSRD) into national law has been submitted to parliament in Luxembourg. The Ecovis experts explain what changes companies can expect and the special features of the Luxembourg draft law.

Establish Representative Office in Vietnam: Updates to Regulations Regarding Foreign Trade Promotion Organizations in Vietnam: Decree 14/2024/ND-CP

The Vietnamese Government has issued Decree No. 14/2024/ND-CP (Decree 14). This improves measures to promote foreign trade, including changes in the approval procedures for representative offices of foreign trade promotion organisations. The decree came into force on 25 March 2024.

Poland minimum tax: The global (Pillar Two) and the local version

Poland has started work to implement a global minimum tax (Pillar Two) which is a European Union initiative to ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the EU.

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.

Service Tax Malaysia: Two Major Changes in 2024

Malaysia’s fiscal landscape is undergoing significant changes with the announcement of the 2024 Budget, including a notable increase in the service tax rate. This shift, alongside the reintroduction of the Sales and Service Tax since 2018, reflects the nation’s proactive stance toward economic challenges. The experts at ECOVIS Malaysia outline the changes.

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.

Data Transfer Security to China: German GDPR Tactics for Safe Passage

German companies looking to expand into China or carry out cross-border data transfers must observe numerous data protection regulations and develop strategies for compliance. Failure to do so may result in significant penalties. The experts from ECOVIS Rechtsanwaltskanzlei Richard Hoffmann provide an overview of the regulations and strategies for secure data traffic.

Minimum wage Vietnam: 6% increase from 1 July 2024

Tax residence Italy: Revisions to identifying the tax residence of natural and legal persons

E-invoice Germany: Mandatory for businesses subject to VAT in Germany from 2025

Minimum wage Greece and other new developments in labour relations

Prohibition of Non-Compete Agreements: FTC’s new rule

On 23 April 2024, the US Federal Trade Commission (FTC) adopted a final rule, by a majority of one vote, that will prohibit companies nationwide from entering into or attempting to enforce non-compete agreements with employees or officers. The final rule will become effective 120 days after its publication in the Federal Register.

Digital Peru: The challenges of the digital economy and Pillar One

The OECD has issued new tax regulations for Pillar One and the Pillar One – Amount B. They aim to adapt to the ever-evolving digital economy and to avoid undesirable base erosion and profit shifting (BEPS).

How to pay in China: China’s cashless revolution – a guide to new payment options

Foreign employees and visitors in China can now pay with international cards, such as Mastercard or Visa, by scanning QR codes online or directly on site. The Ecovis experts explain the new cashless payment options.

Protected tenants in private apartments in Croatia: Implementation of the ECHR judgments

How employee and contractor AI use can create liability for employers: A guide for navigation

International human rights law: Ecovis represents clients before the ECHR

Money laundering in Vietnam: The government’s national plan to combat it

Vietnam has adopted a catalogue of measures to prevent and combat money laundering, terrorist financing and the financing of the proliferation of weapons of mass destruction. The Ecovis consultants have put together what these money laundering measures in Vietnam are and what they mean for companies.

Company incorporation in Georgia: Registration of an entrepreneur

State and tax registration is mandatory for companies in Georgia. Both must be carried out at the same time at a registration authority. The Ecovis experts explain how the company incorporation in Georgia works and which documents companies must submit.

Supplier sustainability self-assessment questionnaire by ECOVIS Proventus Law: How sustainable are you?

Small and medium-sized enterprises (SMEs) are reporting that their larger value chain partners and finance providers are increasingly asking for sustainability data to fulfil regulatory requirements. The experts at ECOVIS ProventusLaw explain what this means for SMEs and what to expect.

Golden Visa Hungary: The new programme

Company Law in China: Navigating the Key Changes

China recently updated its company legislation, with changes set to take effect from July 2024. Shanghai K-insight Law Firm outline the key amendments, which aim to enhance operational efficiency and safeguard the interests of companies, shareholders and creditors.

Taiwan Carbon Emissions: Catching up with Zero Carbon Emission Target

The ambitious goal of achieving zero carbon emissions by 2050, set forth by COP21, has spurred significant global efforts to combat climate change. The team at TAK ASSOCIES explain how Taiwan, a key player in electronics manufacturing, has swiftly adopted measures to curb carbon emissions.

Good reasons to invest in Madrid

Chinese corporate law is changing on a large scale. The changes include new rules for equity investments, legal representatives or corporations. The law will come into force on 1 July 2024. The Ecovis experts explain the most important changes in the law.

New company law in China: What businesses need to know

Chinese corporate law is changing on a large scale. The changes include new rules for equity investments, legal representatives or corporations. The law will come into force on 1 July 2024. The Ecovis experts explain the most important changes in the law.

Telemedicine in Vietnam: Regulations and their Impact on Healthcare Service Providers

Cross border remote work: An employers’ guide to the new regulations in Luxembourg

From 1 July 2023, employers in Luxembourg have faced crucial regulatory changes following the adoption of the multilateral framework agreement on cross border remote work. ECOVIS IFG Audit S.A. in Luxembourg has prepared the following guide to the key points of the new law.

Forging the Future of Work: How Exxeta Pioneers Global Remote Work Solutions, supported by ECOVIS Heidelberg

Transfer Money Vietnam: Implementation of Biometric Authentication

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”.

VAT Brazil: Overview of the main points of the tax reform and next step

On 20 December 2023, Brazil approved brand-new legislation on consumption and transactional taxation. The main objective of the legal modifications is to simplify a host of levies on goods and services. After a transition period of 7 years (from 2026 to 2032), taxation will be based on a dual VAT system. The Ecovis experts explain the details of the VAT tax reform.

Business debt restructuring: Dutch scheme of arrangements (WHOA) as a solution for international restructurings

The “Wet Homologatie Onderhands Akkoord” (WHOA), or the law on Court confirmation of extrajudicial restructuring plans, introduced in the Netherlands in 2021, has proven its worth for restructuring companies through a private debt agreement with creditors and shareholders.

Sustainability reporting for SMEs: A new approach

Under the EU Corporate Sustainability Reporting Directive (CSRD), only large companies and listed SMEs are legally obliged to comply with sustainability requirements. In addition to this, large companies, driven by their reporting obligations, are requesting ESG data from their partners (SMEs). The Ecovis experts know the details.

Corporate income tax Poland: New tax for companies in 2024

New minimum corporate income tax legislation came into force in Poland on 1 January 2024. The new tax will be paid by companies with an operating loss (from a source of income other than capital gains), as well as those with low profitability. The Ecovis experts explain the details.

Global Minimum Tax Vietnam: Effective from 2024

Accounting standards for non-profit associations and foundations in Luxembourg: The new law and key impacts 2024

The recently published new Luxembourg law on non-profit associations (NPA) and foundations introduces stringent accounting standards for these entities. It introduces three categories of NPA – small, medium and large – with specific reporting obligations based on assets, income, and number of staff.