Angel Tax and the (un)Ease of Doing Business in India
I. Introduction The provisions relating to angel tax in the Income Tax Act, 1961 (“IT Act”) were primarily introduced to regulate funding received by unlisted companies from angel investors and specifically, to curb money laundering and funnelling of black money into the start-up ecosystem.
GREEN HYDROGEN (SERIES II): A PRACTICAL INSIGHT INTO GREEN HYDROGEN PROJECT DEVELOPMENT
I. INTRODUCTION The green hydrogen sector has seen rampant development in recent years with the international community showing significant interest in reducing the reliance on fossil fuels and preventing harmful climate change.
PROTECTION OF PERSONAL DATA IN TURKISH ELECTRONIC COMMUNICATIONS SECTOR
The responsibilities incumbent upon companies providing electronic communication services, networks,
UAE Traffic Law: What You Need to Know About Impounded Vehicles
Introduction: The UAE has comprehensive traffic laws in place to ensure road safety and responsible driving. One of the measures that the Dubai and UAE governments use to enforce Decree No. 30/2023, amending Decree No. 29/2015 regarding the impoundment of vehicles in Dubai, as well as Ministerial Decision No. 178/2017 On the Rules and Procedures …
Continue reading “UAE Traffic Law: What You Need to Know About Impounded Vehicles”
Can I Leave for Another GCC Country with a Bounced Cheque Case in the UAE?
Travelling to other GCC countries while facing a bounced Cheque case in the UAE raises important legal questions and implications. Understanding the legal framework is essential, given the potential consequences for individuals or businesses involved in such cases.
What Legal Consequences Are Associated with Assault in the UAE? Understanding Violent Crimes
Under the UAE laws, assault is classified as a criminal offence, carrying penalties, all guided by the UAE Penal Code under Federal Law No. 31/2021.
Alternative Voluntary End-Of-Service Benefits Scheme for UAE Employees: What You Need to Know
Introduction In a significant move towards enhancing employee benefits and financial security, the UAE government has introduced a voluntary initiative, the Alternative End of Service Benefits Scheme, for private sector employees and free zone workers.
RBI framework for cross-border payment aggregators: A shift in regulatory approach
In March 2020, the Reserve Bank of India (RBI) issued the guidelines to regulate the activities of the domestic payment aggregators (Domestic PA Framework)[1] and mandated the payment aggregators (PAs)[2] to seek authorisation from the RBI for their payment aggregation business.
Disputes regarding severence of joint tenancy and partition action in real estate law in Romania
The joint tenancy institution in Romania refers to that situation where two or more persons (tenants in common) have in joint property in Romania a certain asset, whether it is a movable or immovable property.
Important Updates on New Tax Regulations for Foreign Income in Thailand
Key Information on Revenue Department Order No. 162/2023 Additionally, to the Q & A paper on the new tax regulations published by the Thai Revenue Department, the Thai Tax Authority published the Revenue Department Order No. 162/2023 on 20. November 2023.