Liberalisation Of The Gas Distribution Service: An Uphill Struggle?
The Legislative Decree No. 164/2000 (also known as “Letta Decree”) qualifies the natural-gas distribution activity as a public service. This qualification derives from the aim of natural-gas distribution to meet the needs of the community, by ensuring the equal access to the gas grid (so-called “third party access”), the continuity and the quality of the …
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SyCipLaw Tax Bulletin: Philippine BIR Rules on Proper Tax Treatment of Passed-on Gross Receipts Tax
On June 13, 2016, the then Commissioner of Internal Revenue issued Revenue Memorandum Circular No. 62-2016 purporting to clarify the proper tax treatment of percentage tax or gross receipts tax (GRT) due on transactions covered by Sections 1211 and 1222 of the Tax Code which are shifted through contractual stipulations to borrowers/customers/clients (“passed-on” GRT). Banks, …
DOJ Publishes New Evaluation Questionnaire on Compliance Programs
United States Department of Justice ("DOJ") published on its website a new guidance paper called "Evaluation of Corporate Compliance Programs" ("Evaluation") in February 2017. The Evaluation provides insight into how the DOJ evaluates compliance programs by setting forth the questions DOJ frequently uses when deciding on fine mitigation or entering into a plea agreements.
Draft Amendments to the License-Exempt Electricity Generation Legislation
On 27 January 2017, the Turkish Energy Market Regulatory Authority (“EMRA”) published draft amendments to the license-exempt electricity generation legislation (“Draft Legislation”) on its website for opinions and comments of the public.
Implementation Regulations of the Movable Pledge Law
The Regulations implementing the recent Movable Pledge Law (“Movable Pledge Law” or “Law“), namely the Regulation on the Perfection and Enforcement of Movable Pledge in Commercial Transactions, the Regulation on the Movable Pledge Registry, and the Regulation on the Valuation of Movable Assets in Commercial Transactions (collectively, the “Regulations“), have been issued and become effective …
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Data Controller or Data Processor?
Data Controller or Data Processor? How to Interpret Two Core Definitions of Data Protection Legislation Companies and individuals may face difficulties in determining which one of the definitions they fall under and whether they or the ones they are working with have data protection responsibility. Interaction between these two concepts is of paramount importance, as …
Cyprus: Changes To The Inheritance Process Under European Succession Regulation 650/2012
The growing importance of cross border successions within the European Union and the difficulties and complications resulting from the diversity of succession and private international law rules relating to succession, prompted the European Commission to examine the possibility of introducing a Regulation that would facilitate and streamline cross border successions.
A fight against corruption by the proposed introduction of Criminal Record Certificates for Companie
Due to existing problems with regards to companies competing for the undertaking of public projects, on the 28th September 2015 the Cabinet decided to give an end to the scandals involving the squander of millions of public money by approving an amendment Bill, which would add to the conditions for public tenders, the requirement of providing …
Labour E-Contract
On 13 December 2016, the Ministry of Administrative Development, Labor and Social Affairs (MADLS) of the State of Qatar Read more..
Cross-shareholding Rules and Dividend Tax Exemptions Clarified
19 Apr 2017 at 04:00 NEWSPAPER SECTION: BUSINESS Cross-shareholding Rules and Dividend Tax Exemptions Clarified Most people are aware that there are two major types of double taxation for income tax purposes. The first is juridical double taxation, in which one taxpayer is taxed twice on the same amount of income by two different jurisdictions. …
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