On 7 June 2019, the amended Capital Requirements Directive (CRD V) and Capital Requirements Regulation (CRR II) were published in the Official Journal of the European Union. The legislation will
Ghana: tax aspects
Highlights on recent tax amendments Ghana’s Minister for Finance announced a number of tax measures in the recent mid-year budget review for 2018. The measures are largely aimed at shoring
Kenya: tax aspects
Tax Laws (Amendment) Act 2018 The Tax Laws (Amendment) Act (TLAA) was assented into law on 18th July 2018. The Act contains some new provisions that were not contained in
Recovery of VAT on costs incurred in the event of an unrealized transfer of securities
The context is as follows. C&D FOODS is the holding company of a group of companies. This company indirectly owns AROVIT PETFOOD via a subholding company. C&D FOODS provides management
Interests of bonds convertible into shares and VAT prorata
The Supreme Court recalls the solution held by the CJEU in the EDM case (April 29, 2004; aff.C-77/01) according to which the annual grant by a holding company of remunerated
Ghana : Highlights of recent tax laws
Background Following government’s tax policy proposals in the 2018 budget and economic policy statement, there was the need to amend certain tax laws in order to bring the proposals into
Parliament adopts second amended finance bill for 2017 and finance bill for 2018
On 21 December 2017, the French parliament adopted the second amended finance bill for 2017 and the finance bill for 2018. These finance laws—the first of President Macron—are intended to
The national data protection authority (CNIL) has published its opinion on the draft bill amending the French data protection act for the implementation of the GDPR
On December 13, 2017, the French Minister of Justice presented to the Council of Ministers, the draft bill amending the French Data Protection Act. The French Government plans to publish
VAT qualification of a finance lease with an option to purchase
In this decision, the Court clarifies that a “finance lease” (or “hire purchase”) agreement does not systematically entail the qualification as delivery of goods under article 14, paragraph b of
VAT deduction on intermediation expenses incurred in the frame of a sale subject to the VAT exemption regime of article 257 bis of the FTC
In its decision, the court states that VAT charged on the intermediation expenses incurred by a seller as part of the sale of a building booked as a fixed asset