Cayman Islands releases its 2021 list of CRS reportable jurisdictions Cayman Islands releases its 2021 list of CRS reportable jurisdictions Link The Cayman Islands Department for International Tax Cooperation (DITC) has renewed its publication of the Common Reporting Standard (CRS) list of reportable jurisdictions for 2021.
Change in VAT regulation for dispatch sales Change in VAT regulation for dispatch sales Link According to Regulation 2020/194 12 February 2020, the scope of the One Stop Shop (OSS) will be extended to dispatch sales as of 1 July 2021. Currently the OSS applies only to telecommunications, radio and television broadcasting services and services provided by electronic means to consumers residing in another EU Member State where the entity does not have an establishment and where it is not registered to pay VAT.
DAC 6 Implemented into Cypriot Law DAC 6 Implemented into Cypriot Law Link On 31 March 2021 Cyprus brought into force the Law on Administrative Cooperation in the Field of Taxation 2021 (AC21 Law) consequently transposing the Council Directive EU 2018/822 known as DAC 6. The AC21 Law operates as an amendment to the Law on Administrative Cooperation in the Field of Taxation 2012 and brings Cyprus up to date in the field of mandatory disclosure obligations under EU Law.
Luxembourg lists of CRS Participating and Reportable Jurisdictions Luxembourg lists of CRS Participating and Reportable Jurisdictions Link In the context of 2021 reporting, the Luxembourg Tax Authority recently updated its Common Reporting Standard (CRS) lists of Participating and Reportable Jurisdictions.
Cyprus releases its 2021 lists of CRS Reportable and Participating Jurisdictions Cyprus releases its 2021 lists of CRS Reportable and Participating Jurisdictions Link The Cyprus Tax Department has renewed publication of the Common Reporting Standard (CRS) lists of Participating Jurisdictions and Reportable Jurisdictions for 2021.
BVI Commercial Court: NY shareholder activist wins private placement attack BVI Commercial Court: NY shareholder activist wins private placement attack Link In the recent decision of IsZo Capital LP v Nam Tai Property Inc, Justice Jack of the BVI Commercial Court held that a private placement was made for an improper purpose; principally to defeat a validly issued requisition for a shareholders’ meeting. The Court held that the placement was void, and ordered re-institution of the shares to their pre-placement value.