Global Tax and Regulatory Update: October 2019

Subscribe to our monthly updates and never miss an issue!   The Federal government has set the employment insurance rates for 2020 as follows: The annual maximum of insurable earnings will increase from CAD 53,100 to CAD 54,200. The employee insurance contribution rate will be reduced from 1.62% to 1.58%, with...

Global Tax and Regulatory Update: September 2019

Subscribe to our monthly updates and never miss an issue!   The Finnish Tax Administration has recently issued three new guidance documents on the cross-border and domestic tax aspects relating to employee share plans. Among other things, the guidance concerning options has been updated to include the health insurance contribution percentage...

Global Tax and Regulatory Update: August 2019

Subscribe to our monthly updates and never miss an issue!   The District Court of Nazareth has recently issued a significant ruling regarding compliance with Section 102 of the Israeli Income Tax Ordinance [New Version] 5721-1961. The ruling, which is expected to be appealed by the Israeli Tax Authority (“ITA”), addressed...

Global Tax and Regulatory Update: July 2019

Subscribe to our monthly updates and never miss an issue!   Regulation (EU) 2017/1129 (the “Prospectus Regulation”) will come into force effective July 21, 2019, automatically repealing the existing Prospectus Directive 2003/71/EC (the “Prospectus Directive”). The Prospectus Regulation will be directly applicable in all EU Member States, including the UK, without...

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Global Tax and Regulatory Update: June 2019

Subscribe to our monthly updates and never miss an issue!   COUNTRY UPDATES  China: Changes to Social Security Old age Pension Insurance Employer social security rates for old-age pension insurance have been reduced to 16% in regions where the current percentage exceeds 16%, effective May 1, 2019. Unemployment Insurance The deadline...

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Global Tax and Regulatory Update: May 2019

Subscribe to our monthly updates and never miss an issue!   The Australian Government has recently released a consultation paper on proposals to simplify the Employee Share Scheme (ESS) regulatory framework. The main proposals include: increasing the current private company limit on the value of offers in any 12-month period from...

Global Tax and Regulatory Update: April 2019

Subscribe to our monthly updates and never miss an issue!   On February 20, 2019, the Brazilian government proposed changes to the social security contribution rates for both private and public sector employees, as noted below. If this proposal is approved by the Brazilian National Congress, the social security contribution for...

Global Tax and Regulatory Update: March 2019

Subscribe to our monthly updates and never miss an issue!   This month’s update covers important information from Aruba to Singapore! We also have a feature on operating share plans post-Brexit.     On December 3, 2018, the Government presented a fiscal reform plan which shall take place in 4 phases during...

Global Tax and Regulatory Update: February 2019

Subscribe to our monthly updates and never miss an issue!   This month’s update covers important information from Belgium to Canada! Last December in our newsletter we informed you that significant changes were expected to happen in Belgian tax law effective January 1, 2019. The Belgian parliament was expected to approve new requirements...