• Venezuela changes value added tax payment period, introduces advanced income and value added tax payments

    On August 17, 2018, the National Constituent Assembly issued a Constituent Decree setting out a Temporary Regime for Advanced Payment of the Value Added Tax and of the Income Tax for Passive Subjects Qualified as Special (the Decree), which was published in the Official Gazette of the Bolivarian Republic of Venezuela, Special Issue N° 6.396, dated August 21, 2018.

    September 19, 2018

  • Brexit survey: the impact on the foreign banking sector

    The financial services industry constitutes around 7 per cent of UK GDP, directly employs 1.1 million people (two thirds of them outside London) and contributes a significant proportion of tax revenue to the UK.

    September 19, 2018

  • Reform of Venezuela’s value added tax law

    On August 17, 2018, the National Constituent Assembly issued a Constituent Decree for a Reform of the Value Added Tax Law (the Decree).

    September 17, 2018

  • Reform to Venezuela’s Tax Law on Big Financial Transactions

    On August 17, 2018, the Constituent National Assembly issued a Decree with the Rank, Value and Force of Law, to reform the Tax Law on Big Financial Transactions (TLBFT) , which was published in the Official Gazette of the Bolivarian Republic of Venezuela, Special Issue No 6.396, dated August 21, 2018.

    September 17, 2018

  • Venezuela increases value added tax

    On August 17, 2018, the president of the Republic issued Decree No 3.584 (the Decree) through which the value added tax (VAT) was set at 16 per cent.

    September 17, 2018

  • Recent labour developments in the migratory sector

    Resolution 1238 of 2018 establishes new rules regarding the implementation of the Information System to Report Foreigners (SIRE), parameters for the fulfillment of immigration obligations and the sanction procedures to be followed in case of breaches.

    September 11, 2018

  • Global asset management quarterly

    Welcome to the tenth edition of Global asset management quarterly.

    September 04, 2018

  • Banking reform updater: non-performing loans

    This summer the media reported that the European market for non-performing loans (NPLs) was becoming more active, with Italy and Spain accounting for most of the deals.

    August 31, 2018

  • Essential Pensions News

    Essential pensions news covers the latest pensions developments each month.

    August 28, 2018

  • UK Government issues Brexit papers on no deal planning

    On August 23, 2018, the Secretary of State for Exiting the EU, Dominic Raab MP, gave a speech on planning for a no deal Brexit.

    August 24, 2018