Regulation

A draft law referred to as the “tax amnesty of the century” was submitted to the Turkish Parliament on 27 January 2023

The UK government has announced that foreign companies who have not registered their beneficial owners with Companies House by the 31 January deadline could now face severe sanctions, such as restrictions and financial penalties

The rise of digital assets and cryptocurrencies has been an exciting new development in global finance, with the British Virgin Islands (BVI) emerging as a very popular jurisdiction for entities and individuals wishing to operate in the digital assets space

The UK government has announced plans to regulate cryptoasset activities, aiming to provide clarity and protection for consumers and businesses alike.

The Spanish Ministry of Finance has named a new list of countries, territories and harmful tax regimes that would be considered as “non-cooperative jurisdictions” for tax purposes, in accordance with the reform introduced by the Anti-Tax Fraud Law in 2021

The Eurpean Union (EU) Council has decided to prolong economic sanctions over Russia’s military aggression against Ukraine by six months

The Council of Europe’s anti-money laundering body MONEYVAL has encouraged Monaco to strengthen measures to combat money laundering (ML) and financing of terrorism (FT)

A new pilot scheme that will allow journalists to report on proceedings in family court for the first time has launched in England & Wales

The government of Cyprus has stripped 222 wealthy investors and their family members of citizenship, according to reports

With less than a week to go until the deadline, HMRC is urging fewer than 3.4 million taxpayers to file their Self Assessment tax return