The Chancellor, Rishi Sunak, delivered the UK Budget on Wednesday 11th March. In the first Budget of the new decade the Chancellor claimed the Conservative Government is “getting it done”. So what did the Chancellor say and what does this mean? There were a few key tax measures of interest, which are summarised below: Personal […]
Certain states (including New York and California) are passing legislation that requires health insurers to provide novel coronavirus (COVID-19) testing without charge to insured members and to take other proactive steps to aid the coronavirus containment effort. The third-party administrators of self-insured plans (Aetna, Anthem, and Cigna among the largest) are being fairly aggressive in […]
Follow links to the IPB Tax, Trusts & Estates Newsletter In This Issue: Anti-Clawback Regulations by Kasey Place – IRS final regulations confirm that a decedent will not be inappropriately taxed for making gifts using the new federal estate tax and gift tax exemptions from the 2017 Tax and Job Cuts Act. Cryptocurrency Developments by Robert Daily – Form 1040 […]
Milto Charalambous certified Anti-Money Laundering Specialist Our Assistant Compliance Officer, Milto Charalambous, has successfully completed the CAMS (Anti-Money Laundering Specialist) certificate. She now has the core competencies and essential knowledge in the Anti-Money Laundering field. Milto joined our group in 2019 and she has since been working closely with regulatory compliance and AML law and […]
Under S 137 of the Companies Act 2014 Irish companies are required to have at least one Director that is resident in the EEA. The EEA stands for the European Economic Area, which comprises all EU member states, and also Iceland, Liechtenstein and Norway. On Friday 31st January 2020 the United Kingdom is leaving the […]
On 19 December 2019, an amendment to the Cyprus Income Tax Law (‘ITL’) was published in the Official Gazette of the Republic of Cyprus, providing for an increase to the annual limit for certain allowances which are deductible from an individual’s taxable income. The main reason for this amendment is to encourage individuals to contribute […]
Both employer and employee Social Insurance Contributions remain at 8,3%. The rate will increase in 2024 to 8,8% and thereafter will increase by 0,5% every five years, until it reaches 10,3%, as from 1 January 2039. The rate for self-employed persons remains at 15,6%. The rate will increase to 16,6% in 2024 and thereafter will […]
The proposed Code Section 162(m) regulations were published in the Federal Register on December 20, 2019. The proposed regulations are extensive and cover a good amount of new ground. This IPB client alert covers some highlights of the proposals: 1. The covered employee “once-always” rule. 2. Grandfather rule for multi-year incentive […]
VCA launched new office at Amoreiras. The new space is located on the 16th floor at Torre 3, Amoreiras, in Lisbon. The firm’s expansion made it inevitable to seek for additional office space. We designed a new functional, state of the art law office in one of the most iconic office buildings of the capital. […]
This article is taken from The In-House Lawyer. Each country chapter is written by a firm ranked by The Legal 500 in an easy to use Q&A format. This country-specific Q&A provides an overview of the legal framework and key issues surrounding Private Client law in Monaco. This Q&A is part of the global guide to Private Client. For a […]
On this Wednesday, October 2, the Madrid Protocol became effective in Brazil, in cooperation with the Brazilian Patent and Trademark Office (INPI). The accession of Brazil to the Madrid System will open the possibility to Brazilian trademark owners to protect their trademarks in the other 120-member countries of the System by filing a single international […]
On September 20, the Brazilian President Jair Bolsonaro sanctioned Law no. 13,874 (“Law of Economic Freedom”), whose main purpose is to simplify bureaucratic procedures for the development of economic activities in Brazil. The main points of this new law are: The possibility of forming limited liability companies with only one partner; Limitation of the responsibility […]