On 8 September, the Polish Government referred to the Parliament (Parliamentary document No 1532) a proposal for extensive changes concerning, among other things, tax law, and affecting the tax situation of both foreign investors and domestic businesses, and individuals. It has been announced that the relevant legislative acts will be adopted by the end of September.
Taxpayers should pay attention to the following Chinese tax regulation updates regarding outbound remittance in China: one record filing for multiple remittances under one contract and the cancelation of the Local Tax Surcharges related to Withholding Value Added Tax (VAT) and Consumption Tax (CT).
February 1, 2022 is the key date, when the new Regulation for the temporary performance of activities in innovative new models will come into force.
On August 13, 2021 the Chilean IRS (Servicio de Impuestos Internos) issued Exempt Resolution No. 95 (Resolución Exenta No. 95), establishing the instructions to implement the registration under the new voluntary Registry of Foreign or International Financial Institutions as well as establishing the format by which a lender must provide the Borrower a statement confirming that it has not entered into a structured agreement (acuerdo estructurado) in accordance with Article 59 N°1 (b) of the Chilean income tax law (Ley de impuesto a la renta).
The subjected question is one of most popular questions raised by the foreign invested entities in China. Our answer is YES. The Chinese entities need to contribute the PRC social security for foreign employees working in China, and said foreign employees need to contribute individual part of the PRC social security as well.
Decree-Law no. 71-A/2021, of August 13 was published in the official gazette, amending the extraordinary aid for the progressive resumption of activity (hereinafter, “APRA”) established in Decree-Law no. 46-A/2020, of July 30.
The Portuguese Supreme Court of Justice (SCJ) has delivered a Decision uniformizing case law (SCJ Decision nº 2/2021, dated 07.05.2021) in the following sense: “The sale during insolvency proceedings of a mortgaged property, with a lease entered into subsequent to the mortgage, does not make the lessee’s rights expire, in line with the provisions of article 109.3 of the Insolvency and Companies Recovery Code (Código da Insolvência e da Recuperação de Empresas - CIRE), combined with article 1057 of the Civil Code (CC), with the provisions of article 824.2 of the CC not being applicable”.
It was published in the Portuguese Official Gazette, the Council of Ministers’ Resolution no. 101-A/2021, of 30 July, which establishes the state of calamity throughout mainland Portugal until the 11:59 hours of the 31st of August 2021 and foresees the applicable legal regime.
On July 28, 2021, China’s Supreme People’s Court (the top judicial authority) published the 'Provisions on Relevant Issues on the Application of Laws in Hearing Civil Cases Related to the Application of Facial Recognition Technology in Processing Personal Information'. The provisions came into force as of August 1, 2021. They provided guidance for the courts to apply the rules scattered in Civil Code, Cybersecurity Law, Consumer Rights Protection Law, E-Commerce Law, etc. on personal data processing by using facial recognition technology, and have also set specific rules based on the recent practices of the Chinese courts. In this article we provide our comments on several highlights in the provisions.
In the context of the current COVID-19 pandemic, new measures were approved to enable companies to increase their cash flows.