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The New Labuan Tax Regime: Towards the Advancement
... legislation, don’t focus only on gaining profits but also to remain **a safe harbor for business**. Statement of the Central Bank Governor means that Labuan will implement latest BEPS requirements very soon. Government authorities will have to increase transparency and create stricter rules for the financial service providers. Furthermore, all above mentioned is a minimum requirement to com...
Path: BlogPeru has joined two major OECD Conventions
**Peru has joined the multilateral agreement**, which is designed to increase transparency and combat cross-border tax evasion. Peru has taken all of the necessary steps to become a member of the **OECD Multilateral Convention on Mutual Assistance in Tax Matters** and also the **OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions**. This is...
Path: BlogAttempts to Unify Cryptocurrency Regulation and Introduction of the Travel Rule
...he cryptocurrency industry into existing banking policy, requiring firms to comply with the same requirements as traditional financial institutions. FATF stated that it would give 12 months to adopt the guidelines. FATF’s guidelines will: - increase transparency regarding who actually owns legal entities to prevent money laundering and terrorist financing through opaque structures; - pro...
Path: BlogGermany Introduces Draft Bill on Blockchain-Based Digital Securities
...ies, including the issuance of tokenized assets. **It was decleared by official draft bill that main objective for these changes and adaption of legal framework to new blockchain technologies is to strengthen Germany as a business location and to increase transparency, market integrity and investor protection.** At the moment laws in Germany states that financial instruments that are classifie...
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