Search Results for: VAT
CySEC released a statement of new rules governing derivatives on virtual currencies
May 16th, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued a statement to inform about new rules when providing investment services in relation to derivatives on virtual currencies. According the statement: Further to the European Securities and Markets Authority’s (ESMA) ...
Hong Kong is looking to bring innovative technology in lending business
May 14th, 2018
The Hong Kong Monetary Authority (HKMA), the government authority in Hong Kong responsible for maintaining monetary and banking stability, released an announcement to inform that has issued guidelines to banks on Credit Risk Management for Personal Lending Business. The guidelines ...
Moscow Exchange to expand commodity derivatives offering
April 12th, 2018
The Moscow Exchange has issued an announcement to inform that will facilitate investments in popular financial commodity instruments, and open up new opportunities for precious metals producers and consumers to trade on the Derivatives Market. Light Sweet Crude Oil ...
ECOMMPAY launches innovative payment platform GATE2025
March 28th, 2018
International payment service provider and card acquirer ECOMMPAY has officially launched its newest payment gateway, GATE2025. Technologically innovative and easily scalable, GATE2025 was engineered to process more than 1000 payment transactions per second. ECOMMPAY’s payment gateway was reimagined to ...
Cryptocurrency boom: France’s financial regulator published a legal analysis of cryptocurrency derivatives
March 28th, 2018
The Autorité des Marchés Financiers (AMF) has carried out a legal analysis of cryptocurrency derivatives. The process of reasoning is twofold: on the one hand, to determine the legal qualification of the notion of “derivative” in the context of ...
European Commission proposed new rules for more flexibility on VAT rates
January 24th, 2018
The European Commission proposed new rules to give Member States more flexibility to set Value Added Tax (VAT) rates and to create a better tax environment to help SMEs flourish. Proposals are the final steps of the Commission’s overhaul ...
ESMA publishes register of derivatives to be traded on-venue under MiFIR
January 10th, 2018
The European Securities and Markets Authority (ESMA) has published a public register of those derivative contracts that are subject to the trading obligation under the Markets in Financial Instruments Regulation (MiFIR). MiFIR applies since 3 January 2018, and the ...
OECD Supports States To Mirror EU’s Digital VAT Reforms
October 27th, 2017
On October 24, the OECD released new implementation guidelines to support the collection of consumption taxes on cross-border sales. The guidance – Mechanisms for the Effective Collection of VAT/GST Where the Supplier Is Not Located in the Jurisdiction of ...
Former Private Equity Firm Partner Charged With Secretly Billing Clients for His Vacations and Salon Visits
October 26th, 2017
The Securities and Exchange Commission charged Mohammed Ali Rashid, a former senior partner at Apollo Management L.P., with defrauding his fund clients by secretly billing them for approximately $290,000 in personal expenditures, including his family vacations, visits to a ...
EU Council Approves VAT Derogation For Four States
October 20th, 2017
In Volume 60 of the Official Journal of the European Union (L 265), published October 14, the European Council approved four proposals for council implementing decisions in respect of derogation sought by member states from the EU VAT Directive. ...
