Search Results for: VAT
JFSC launches Jersey Private Fund Guide
March 17th, 2017
JFSC launches Jersey Private Fund Guide to modernise Island’s funds regime The Jersey Financial Services Commission (JFSC) has today introduced the Jersey Private Fund (JPF) Guide, setting out the criteria for Jersey’s new private fund product which can be ...
Gulf countries companies may face challenges on VAT implepmentation
March 13th, 2017
GCC corporates could face multiple VAT challenges in the short-run The plan to introduce value-added tax in GCC states could create operational risks for companies and put pressure on Ebitda [earnings before income tax, depreciation and amortisation} and cash ...
Eurozone Private Sector Expands Most Since 2011
March 1st, 2017
Eurozone manufacturing activity gathered further momentum in February but the pace of growth was slightly slower than the initial estimate, final data from IHS Markit showed Wednesday. The manufacturing Purchasing Managers’ Index rose to 55.4 in February from 55.2 ...
IOSCO: Harmonisation of the Unique Transaction Identifier (UTI) to OTC derivatives transactions
February 28th, 2017
A new report provides technical guidance to authorities to enable them to set rules on assigning uniform global Unique Transaction Identifiers (UTIs) to over-the-counter (OTC) derivatives transactions. The report, entitled Harmonisation of the Unique Transaction Identifier, is a joint ...
These are the fastest growing private companies in Europe
February 22nd, 2017
Swedish watches and accessories retailer Daniel Wellington was the fastest growing entrepreneurial company in Europe over the past three years, topping Inc. Magazine’s third annual Inc. 5000 Europe list. The Inc. 5000 Europe represents the only comprehensive look at ...
Derivatives marketplace CME Group increases Dividend by 10 Percent
February 10th, 2017
The derivatives marketplace, CME Group Inc., has declared a first-quarter dividend of $0.66 per share, a 10 percent increase from the prior rate of $0.60 per share. The dividend is payable March 27, 2017, to shareholders of record as ...
The Law Society UK reports on technological innovation in Legal services
February 8th, 2017
The independent professional body for solicitors in UK, The Law Society, has published the research report “Capturing Technological Innovation in Legal Services”. Unprecedented technological change offers solicitors exciting opportunities to innovate in ways that benefit clients, technological innovators and ...
Arab National Bank to open derivatives trading unit
January 26th, 2017
The Saudi Arabian Monetary Authority has given its approval for Arab National Bank to establish a Special Purpose Vehicle for its financial derivatives activities. The bank will establish a 100 per cent fully-owned subsidiary located in the Cayman Islands, ...
Taiwan’s VAT on foreign online sellers’ supplies to Taiwanese consumers becomes Law
January 3rd, 2017
On December 28, Taiwan’s President Tsai Ing-wen signed into law the amendment to the Value-Added and Non-Value-Added Business Tax Act to impose tax on foreign online sellers’ supplies to Taiwanese consumers. The amendment is intended to raise additional revenues ...
Financial watchdog to closely monitor accounting of derivative products
December 23rd, 2016
South Korea’s financial watchdog said Friday it will pay special heed to malpractices by companies here in their accounting of derivative products and others. It’s one of four “key issues” to be closely monitored by the Financial Supervisory Service ...
