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UBO-register: deadline postponed until 30 September!

The recently published Administrative Instructions for the third quarter of 2018 show that the NSSO provides an expanded interpretation of the concept of "wages" for the levying of social security contributions. The NSSO fills in the term 'at charge of the employer' more broadly. Advantages that are awarded by a third party, which is not the employer, directly to employees, without any intervention of the employer, can nevertheless be regarded by the NSSO as wages. Hereinafter we outline the terms "wages", "at charge of the employer" and the consequences of the extended interpretation.

On 16 October 2017, as you are doubtless aware, the new anti-money-laundering law came into force. The legislation provides a few obligations.

In a B2B context services are considered to take place where the recipient of the services is established. However, for certain transport services the place of supply is determined based on the 'actual usage' of the services. This deviating place of supply rule (i.e. the 'use & enjoyment' rule) was amended with effect as of 23 November 2017.

With effect of 1 October 2018 an optional VAT system would be foreseen for the immovable lease of (parts of a) buildings, which are “erected” or “sustainably renewed” and used for business purposes (B2B context) under certain conditions.

Settlement mechanisms in the completion of a company takeover

On 18 September 2017, a new anti-money-laundering law was approved, which came into effect on 16 October 2017 and which completely supersedes the anti-money-laundering law of 11 January 1993. In this article we focus on an innovation in this new law which may have a significant impact on entrepreneurs: the creation of a ‘Register of ultimate beneficial owners' ('UBO register'). Through this register, the tax authorities can gain an even better picture of what shares an individual owns.

Impact of cash when determining the share price in a company takeover

How do you determine the share price in a company takeover?

GDPR, the new and obligatory way to protect your personal data

IBR

Women in business

History tells us that the successful companies of today aren't guaranteed to be those of tomorrow. How should companies survive, adapt and thrive? Fundamental to the answer is good corporate governance.

Companies are increasingly focused on high-quality strategic transactions, with less time spent on investigating peripheral opportunities, according to our International Business Report (IBR), a survey of 5,400+ business leaders in 35 economies.

​The European economy, still continuing its economic recovery after the 2008 financial crisis, faces many potential risks. Though varied, they fall into two broad categories. Firstly, a band of social and political pressures which are driving media headlines: a potential ‘Brexit’, the migrant crisis and the continued rise of nationalist sentiment. Secondly, we have economic issues that have been present for a good few years: high unemployment, low inflation and persistently low economic growth.

IFRS News is your quarterly update on all things relating to International Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide comment and points of view and give you a summary of any significant developments.