UPDATE: FTA Clarifies the VAT Treatment of Compensation Payments
The Federal Tax Authority (FTA) has recently published a clarification on VAT treatment of compensation type payments, such as payments to settle disputes, and other contractually agreed compensation. Where a payment or fee is not a consideration for a supply, there is no VAT due. Often times, there are penalty clauses or liquidated damages clauses …
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Conducting An Internal Investigation
Nicola Sharp and Syedur Rahman explain the value to companies of internal investigations and the importance of carrying them out correctly.
Preventing Money Laundering In The Gambling Industry
With a bookmaker being ordered to pay millions for failing to prevent money laundering, Nicola Sharp and Syedur Rahman examine how the gambling industry can tackle the problem.
How to Deal with A Tier 2 Sponsor Licence Suspension
The UK leaves the European Union in less than six months. With the number of EU nationals coming to the UK for work reducing, having a valid Tier2 Sponsor Licence is more crucial than ever for organisations whorely on foreign talent to meet customer demands. Sponsor Licenceholders who do not have the advantage of large …
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Bär & Karrer Elects Ruth Bloch-Riemer, Daniel Raun and Philippe Seiler to Partner
Bär & Karrer has announced the election of Ruth Bloch-Riemer, Daniel Raun and Philippe Seiler to the firm's partnership. The appointment is effective as of 1 January 2019.
Brief Comment on Easing Restrictions on Foreign Investment in Automotive Manufacturing
On April 10, 2018, President Xi Jinping attended the Boao Forum for Asia (“BFA”) Annual Conference 2018 and delivered a keynote speech stressing that “China will remain unchanged its adherence to reforming and opening up, and will continue to launch new, major measures to pursue further opening.” Following this speech, the National Development and Reform …
Commercial cooperation amongst competitors: the Webtaxi decision of the Competition Council of 8 Jun
On 8 June, the Luxembourg Competition Council exempted an agreement between Benelux Taxis, Inter-Taxis and other tax companies who jointly use the Webtaxi reservation centre for taking bookings from customers
Proposed Amendments to the Competition Act and the Consumer Affairs Act
Government launches public consultation on amendments to the Competition Act and the Consumer Affairs Act.
Quarterly Update on Trade Defense Cases in Turkey, June 2018
In Turkey, the authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio, is given to the Ministry of Economy ("Ministry"). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette. During the second quarter of 2018, the Ministry has initiated a …
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Turkish Competition Board Acknowledged that Reassessment of a Decision Must Not Harm the Appellant
A. Introduction The Competition Board ("Board") has recently published its reasoned decision[1] in its reassessment of the Turkish Pharmacists Association (Türk Eczacıları Birliği) ("TPA") case, following the annulment decision[2] rendered by the 13th Chamber of the High State Court ("High State Court"). The High State Court's ruling was made as a result of the TPA's …