It was published in the Official Gazette the Resolution of the Council of Ministers no. 45-C/2021, in force since 00h00 of May 1st 2021, declaring the state of calamity in the context of the COVID-19 pandemic. Inter alia, we highlight the maintenance of the mandatory telework regime.
This edition of the European Employment Law Update is perhaps one of the most innovative editions that have been published in recent years. In fact, some of the regulations analyzed in this guide seemed impossible to apply just a few years ago.
On 17 February, the Peruvian Congress presented Bill No. 7161/2020-CR amending the Arbitration Law, which alters some of the requirements for arbitrations in Peru. The aim of the reform, it has been pointed out, is to include minimum quality standards in awards issued in the framework of national arbitrations. However, the proposed text affects key issues such as the nationality of arbitrations or the choice of arbitrators in a way that could end up being detrimental to the current good position of arbitration in Peru.
Royal Decree-Law 7/2021 of April 27, 2021, published in the Official State Gazette (BOE) on April 28, 2021, transposes various EU directives including Directive (EU) 2019/770 of the European Parliament and of the Council of 20 May 2019 on certain aspects concerning contracts for the supply of digital content and digital services, and Directive (EU) 2019/771 of the European Parliament and of the Council of 20 May 2019 on certain aspects concerning contracts for the sale of goods.
The V Directive (2018/843) on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, has been incorporated into our legal system by means of Royal Decree-Law 7/2021, of April 27, on the transposition of European Union directives approved this Tuesday, April 27, 2021 by the Council of Ministers and published in the BOE on April 28.
The Contentious-Administrative Court no 3 of Valencia has granted appeal to a company which had been fined for infringing the financial legislation on cash payments. Precisely, in judgment no 76/2021, of February 25, 2021, the court holds that the elimination of cash for transactions exceeding €2,500 in which a business or professional is involved, under Law 7/12 of November 29, cannot be applied across the board.
The Portuguese Government approved, through Dispatch no. 133/2021-XXII, of 22 April, new deadlines extensions for the fulfillment of several tax obligations, without the application of any penalties.
There are four types of transfer pricing obligations in China, which might require action by enterprises in 2021. The transfer pricing obligations include the preparation of master file, local file, special issue file and country by country report (CBCR) form.
