Seychelles, Dominica and Anguilla will be removed from the EU blacklist

On October 5, 2021, on a meeting of EU finance ministers, a decision will be made to exclude Seychelles, Dominica and Anguilla from the EU's "black" list of tax havens said Reuters.

European UnionBlack list

30 September 2021

Singapore has introduced the apostille

On 16 September, the Hague Convention of 5 October 1961 abolishing the requirement of legalisation for foreign public documents came into full force in Singapore. Thus, authentication with apostille was introduced as a simplified authentication procedure of public documents.

Apostille

23 September 2021

Malta has developed a plan to exit the FATF gray list

The Government of Malta believes that full implementation of the plan may take a period until 2023.

Anti Money Laundering

24 September 2021

The lists of standards according to TR CU 007/2011 “On the safety of products for children and teenagers” are to be updated

On September 10, 2021, a draft of updated lists of standards to meet the requirements of the Technical Regulation TR CU 007/2011 “On the safety of products for children and teenagers” was presented for public discussion. The Technical Regulation set minimum requirements for the safety of products during the EAC Certification, EAC Declaration or state registration.

State Hygienic RegistrationChildren

16 September 2021

GLN and GTIN number for EAC certification and EAC declaration

In the area of international trade, there is a tendency to simplify and standardize processes inside and outside the company. Systems with GLN and GTIN numbers have been introduced exactly for this purpose. This article is about what GLN and GTIN numbers are, what they are used for, what advantages they have and what role they play in the EAC conformity assessment.

GLNGTIN

14 September 2021

Cayman Islands Launches Consultation on Establishing a Central Register of Beneficiaries

The Government of the Cayman Islands has published preliminary provisions for the creation of a centralized register of beneficial owners, replacing the current system in which companies keep records of their controlling persons.

Beneficial ownersCommercial register extract

13 September 2021

The Cook Islands Ministry of Finance announced the integration of international companies into the domestic tax system

The Cook Islands have released a new Guide to New Tax Liabilities for International Companies.

TaxesStandards

13 September 2021

Changes to the list of vehicles requiring compliance were put up for discussion

A public discussion of the draft decision of the Economic Commission Council takes places from August 23 in Russia. This establishes the list of products for which, in addition to customs declarations, a certificate of conformity is required. The certificate of conformity for vehicles (EAC certificate or EAC declaration) is an official confirmation that the products meet the requirements of the technical regulations TR CU 018/2011 "On the safety of wheeled vehicles".

TR CUWheeled vehicles

09 September 2021

German media have calculated how much money "floats" to tax havens

Almost 11.9 billion euros led the wealthy residents of Germany in 2019 to a "tax haven" on the island of Guernsey

GermanyTaxesOffshore

07 September 2021

The EAEU countries plan to found a regional organization of accreditation

On August 20, 2021, information on the creation of a Regional Organization of Accreditation (ROA) was published on the website of the Eurasian Economic Union. The Organisation which will act in the interests of the EAEU countries in the region. In order to export the products to the EAEU countries, a certificate of conformity (EAC certificate, EAC declaration, certificate of state registration ) necessary.

State Hygienic Registration

07 September 2021

Schmidt & Schmidt obtained a court order against Sercons International GmbH

On September 2, 2021, the district court of Stuttgart issued a court order against Sercons International GmbH with its registered office in Baar, Switzerland.

07 September 2021

Dutch banks join forces to fight money laundering

The five largest banks in the Netherlands have created a transaction data exchange system - Transaction Monitoring Netherlands, which will allow tracking money laundering schemes in the early stages.

Anti Money LaunderingTaxesBank

03 September 2021

In Turkey, the requirement to notify the tax authorities of the ultimate beneficiaries of companies has come into force

Earlier, the Turkish government published a communiqué that clarifies the system for determining the ultimate beneficiaries, as well as the procedure for submitting reports to the Turkish Tax Administration.

TurkeyTaxes

01 September 2021

Penalties for violating the EAC certification rules

Due to the EAC certification and EAC declaration it is established that a product or service meets the requirements of technical regulations, standards and other official documents. The EAC certification is carried out by authorized, accredited bodies with subsequent issuance of an EAC certificate. The EAC declaration is drawn up by the domestic manufacturer, importer or an authorized representative of a foreign manufacturer and entered in the uniform register.

PenaltiesFineViolation

01 September 2021