Alas, the 2013 IFRS changes on the preceding page are just the beginning – there’s much more in the pipeline.

The Tax Appeal Tribunal (TAT) has ruled in favour of the Federal Inland Revenue Service to levy withholding tax on dividends paid out of gas profits by upstream petroleum companies.

On 18 March 2021 the Cyprus Parliament approved the Bill ("Law") amending the Law on Administrative Cooperation in the Field of Taxation (Law 205(I)/2012).

The updated EU ‘blacklist' and the EU ‘greylist' are effective as from 27 February 2020, being their date of publication in the Official Journal of the European Union.

As from 22 February 2021 a levy of 0,4% applies on all disposals of immovable property that are within the current control of the Republic (i.e. both trading-nature and capital-nature disposals).

The European Accessibility Act and its national implementation in the Grand Duchy of Luxembourg, represent significant legislative efforts to harmonise accessibility requirements related for goods and services within the EU Single Market.

Germany's financial regulator BaFin has issued new supervisory guidance on virtual IBANs, addressing concerns about transparency in payment flows and beneficial ownership while affirming that vIBANs remain legitimate payment infrastructure. The communication requires firms to demonstrate that their governance, customer transparency and monitoring arrangements have kept pace with technological innovation, particularly in relation to anti-money laundering and counter-terrorist financing controls.

The European Central Bank's Single Supervisory Mechanism has completed a comprehensive review of approximately 130 supervisory publications, discontinuing around 40 documents and introducing clearer classifications for its guidance.

PwC Malta's latest economic update reveals a significant moderation in the country's GDP growth to 4.0% in 2025, down from 6.2% the previous year, while productivity gains have slowed dramatically...

IFRS continues to receive attention in the US despite the recent end to an era of joint standard setting.

Germany's Crypto Markets Communication RegulationShow (Kryptomärktemitteilungs-Verordnung - KMMV) was announced in the Federal Law Gazette on 28 August 2025 based on the regulatory authority granted...

The Federal Court in TerraCom Ltd v ASIC [2022] FCA 208 found that a company waived the legal professional privilege attaching to a report prepared by PwC in letter

This Tax "memo" describes the Canada Revenue Agency’s (CRA’s) policy on taxpayer access to CRA audit reports.

Private equity sponsors acquiring EU investment firms through third-country holding structures face complex regulatory architecture decisions under the Investment Firms Regulation and Directive. While there is no automatic EU intermediate holding company requirement, national competent authorities possess discretionary powers to mandate one where effective group-level supervision is absent, creating potential 'regulatory architecture debt' that accumulates with each successive acquisition.

The VAT systems in Africa are not aligned, which has a major effect on a company's operating and financial systems.

On 19 December 2024 the European Securities and Markets Aut hority (ESMA) published a consultation paper on draft guidelines...

Over the past eight months I've been working with insurers in the Middle East on their IFRS 17 implementation projects and I have also been lucky enough to embark on a new career opportunity having now relocated to Dubai ...

A summary of the most recent developments in the Canadian M&A.

Die BaFin hat die finalen WpI MaRisk veröffentlicht, die ab dem 1. Januar 2027 neue Standards für kleine und mittlere Wertpapierinstitute setzen. Die Regelungen zur Compliance-Funktion wurden grundlegend neugefasst und die Auslagerungsanforderungen verschärft, wobei betroffene Institute frühzeitig relevante Anpassungen vornehmen sollten.

President Muhammadu Buhari today signed into law, a Bill to amend the Deep Offshore (and Inland Basin Production Sharing Contract) Act [the PSC Act].