The Finance and Insurance industry group comprises establishments primarily engaged in financial transactions (transactions involving the creation, liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions. Three principal types of activities include: raising funds by taking deposits and/or issuing securities and, in the process, incurring liabilities; and pooling of risk by underwriting insurance and annuities; and providing specialized services facilitating or supporting financial intermediation, insurance, and employee benefit programs.
Technology investments in payment systems are on the rise, as businesses and consumers increasingly adopt digital payment methods, these are having a significant impact on the legal industry in a few ways.
On August 21, 2023, the Securities and Exchange Commission (“CVM”) published Guidance Opinion No. 41 (“Opinion”), which deals with Football Corporations (“SAF”) and their dialogue with – and access to – securities market.
As we approach 2024, companies should prepare for the upcoming change in the GST rate starting January 1, 2024. The rate will increase from 8% to 9%, which is the final step of the dual rate increment mentioned in the 2022 budget.
In a significant move for the medical and health industry, the State Revenue Office of Victoria has released a ruling clarifying its position on the payroll tax liabilities of medical centres and other health practices.
A little over a month ago, the 100th anniversary of the entry into force of the first law on free zones in Uruguay was celebrated, whose objective was to stimulate trade and industry in the port area through tax benefits and exemptions user taxes.
In the ever-evolving financial technology landscape, Singapore has emerged as a global front runner in fostering innovation while upholding regulatory integrity. At the heart of this paradigm shift lies the Monetary Authority of Singapore (MAS), the country’s central bank and financial regulatory authority.
In the past few years, the world has witnessed rapid evolution and exponential growth in the realm of decentralized ledgers and, more specifically, cryptocurrencies.
The taxation of dividends from companies resident in blacklisted countries in Italy is regulated by Article 47-bis of the Italian Tax Consolidation Act (TUIR) and various legislative decrees and circulars issued by the Italian Revenue Agency.
In today's turbulent economic times, all too often do companies hear from debtors, be they other companies or natural people that owe them money that they cannot pay their account. This creates a domino effect. A domino effect which ends up knocking over other companies, for want of a better term.