Press Room

November 16, 2018

From Cyprus: Shell Companies and Cyprus Banking

Source: Nakis Kyprianou - UnityFour Cyprus Ltd., a collaborating firm of Andersen Global

Cyprus Central Bank (CBC) issued a circular on November 2, 2018 on shell companies that will help eliminate suspicious transactions and further strengthen banks’ anti-money laundering (AML) practices.

November 15, 2018

Andersen Global Adds Tax & Legal Services in Argentina

Andersen Global announced today it signed a Collaboration Agreement with Goldemberg Saladino Hermida Rolando & Asociados, in Buenos Aires. This is the second Andersen Global collaborating firm in the commerce hub of Buenos Aires, and the 20th location in nine different Latin American countries.

November 6, 2018

Andersen Tax New York Office Welcomes Managing Director Curtis Best

Source: Andersen Global

Andersen Tax welcomes the addition of Curtis Best as a Managing Director in the New York office. He will join the firm’s Commercial Practice group, with a particular focus in international services. Curtis has over 26 years of experience in areas including international tax structuring and minimization, mergers and acquisitions, and intellectual property and software planning.

November 1, 2018

Davari Authors Article for The Chamber of Commerce of Metropolitan Montreal

Source: Simon Davari, Andersen Tax in Canada, a member firm of Andersen Global

Simon Davari, a Partner at Andersen Tax in Canada, a member firm of Andersen Global, has written an article for ACCLR Business Services. In his article titled SMEs: 4 Things to Know About Taxes Before Starting a Project Abroad, Simon discusses key information on expanding a business internationally including tax considerations and important tax elements to know.

October 30, 2018

From France: Professional Alert: Law No. 2016-1691

Source: Patricia Emeriau or Bruno Thomas, Andersen Tax & Legal in France, a member firm of Andersen Global 

The Law No. 2016-1691 of December 9th, 2016, also known as Loi Sapin 2, relates to the transparency, fight against corruption and modernization of economic life. Following the adoption of this system, the CNIL updated the AU-004 again by a decision on June 22, 2017 to take note of this law, which aims to regulate the management of these data and treatments.

October 23, 2018

From Egypt: Law No 2/2018 Promulgating the Law on the Comprehensive Health Insurance Scheme

Source: Marina Iskander, Andersen Tax & Legal in Egypt, a member firm of Andersen Global

The Egyptian parliament has recently approved a new law covering health insurance. The law is an update from a more populist system which had been in place since the 1960s. It will start with five governorates, including Suez and Port Said, and will end with Cairo and Giza. However, the funding provisions will be applicable from 2018 onward.

October 22, 2018

Andersen Global Presenting at 73rd Annual TEI Conference in San Diego

Source: Andersen Global

TEI's 73rd Annual Conference, titled Implementing U.S. Tax Reform: Seizing Opportunities, Mitigating Risks, is being held October 29-31, 2018 at the Hilton San Diego Bayfront Hotel in San Diego, CA. Andersen Global Managing Directors/Partners Juan Federico Fischer, Chuck Chubb and Daniel Kai Fischer, will participate and present at the conference on three separate topics.

October 22, 2018

From France: Draft Finance Bill for 2019 - Overview of the Main Changes Concerning Corporate Income Tax

Source: Pierre Bouley or Stéphanie Desprez, Andersen Tax & Legal in France, a member firm of Andersen Global

The French government presented the Draft Finance Bill for 2019 on September 24, 2018. The draft contains important corporate income tax measures on issues including reform of the rules on the deductibility of financial charges, modification of the tax consolidation regime in order to ensure its compliance with EU law, and others. 

October 18, 2018

From Switzerland: The First Exchange of Information on Around Two Million Financial Accounts

Source: Roberto Cavadini or Paolo MondiaAndersen Tax in Switzerland, a member firm of Andersen Global

In 2018, under the framework of AEOI (Automatic Exchange of Information), the Swiss FTA was required to exchange data with the European Union (EU) states as well as a further nine states and territories. The first exchange took place at the end of September 2018, however, it did not include Cyprus and Romania as they do not yet comply with international confidentiality and data security requirements. Furthermore, exchanges are still to take place with Australia and France, which are delayed due to technical reasons. 

October 16, 2018

From France: Loi Avenir Professionnel (Professional Future Act): New Requirements to be Included in the Annual Management Reports

Source: Patricia Emeriau, Bruno Thomas or Etienne Pujol, Andersen Tax & Legal in France, a member firm of Andersen Global 

Act No. 2018-771, the Professional Future Act of September 5, 2018 (hereinafter referred to as the Act), require listed SA and SCA companies to include how parity between women and men is sought in their corporate governance report information. In particular, this applies to committees and the management (Direction Générale). This report also presents the results on gender diversity in the 10% of high responsibility positions.

October 9, 2018

From Netherlands: Agreement Reached on Quick Fixes to Improve the Functioning of the Current EU VAT System - Update

Source: Bas Sonneveldt or Maurice Schouten, Andersen Tax & Legal in the Netherlands, a member firm of Andersen Global 

On October 2, 2018, at the ECOFIN meeting the European Union (EU) ministers of finance agreed on the implementation of a number of quick fixes to the current EU VAT system per January 1, 2020. These quick fixes were introduced on October 4, 2017 in a proposal of the European Commission towards a definitive VAT system for intra-EU trade of goods.

October 8, 2018

Romano Prodi, Former President of the European Commission, Headlines Leadership Event with Andersen Tax & Legal

Source: Andersen Tax & Legal in Italy, a member firm of Andersen Global 

Andersen Tax & Legal, the Italian member firm of Andersen Global, yesterday held a prominent policy event featuring Romano Prodi, the former president of the European Commission. The assemblage focused on globalization in the political environment and was held during the 2018 IBA Annual Conference, currently underway this week in Rome, Italy.

October 8, 2018

From Egypt: Egypt Regulates Road Transport Services Using Information Technology

Source: Marina Iskander, Andersen Tax & Legal in Egypt, a member firm of Andersen Global

Earlier this year in Egypt, 42 Egyptian taxi drivers filed a lawsuit in the administrative court against both Uber and Careem, claiming that they were only registered as internet companies and should hence not be allowed to operate. In turn, the court ordered the government to suspend the operations of the two companies. However, the government, along with Uber, appealed before the Highest Administrative Court. Meanwhile, the government sent parliament a draft law for the regulation of web-based transport services. The law has been duly discussed by experts in the telecommunications and transport sectors and it was finally passed in May 2018. The law, commonly known as the Uber and Careem Law, consists of 19 articles, as well as four preambles. The preambles make it clear that the law aims to allow such services by regulating them in a way that does not harm service providers and protects consumers.

October 4, 2018

From Egypt: Egypt Removes Customs Tariffs on Cars in 2019

Source: Marina Iskander, Andersen Tax & Legal in Egypt, a member firm of Andersen Global

Due to international obligations, Egypt is due to remove all customs on EU-imported vehicles. Sticker prices of cars imported from the EU are due to drop by 10-15%, given that the USD exchange rate for customs remains stable at its current level. However, cars imported from Europe will still be subject to value added tax depending on their category. While Egypt must comply with its international obligations and treaties, this must be balanced with a need to maintain Egypt’s own economy, especially at a time of economic hardship. This in turn may mean that even if customs are removed, it would be beneficial for the Egyptian economy to recover this money through imposing other fees.

October 3, 2018

From Switzerland: Federal Council Wishes to Boost Switzerland's Appeal as a Fund Location

Source: Roberto Cavadini or Paolo Mondia, Andersen Tax in Switzerland, a member firm of Andersen Global

The Federal Council met on September 5, 2018 to discuss improving the attractiveness of Switzerland as an investment fund location. In order to facilitate the market launch of new provisions, instructions have been issued to the Federal Department of Finance (FDF) to put forward a proposal, which details corresponding legislative revision by mid-2019.

October 1, 2018

Nangia Advisors Sponsoring Taxsutra Conclave 2018 in India

Source: Nangia Advisors LLP, a collaborating firm of Andersen Global

Nangia Advisors LLP, a collaborating firm of Andersen Global, is a sponsor of the Taxsutra Conclave 2018, a conference hosted by the International Bureau of Fiscal Documentation (IBFD). The conference takes place October 11-13 in Gurgaon, India. The collaborating firm, which has over 250 professionals and nearly 38 years of experience, joined Andersen Global in late May 2018. Rakesh Nangia, the founder and Managing Partner of Nangia Advisors LLP, will also act as a session moderator during the three day conference. 

October 1, 2018

From Luxembourg: Anti Tax Avoidance Directive (ATAD)

Source: Michael Probst, Matthias Gutknecht or Asbed Chahbazian, BA Tax Accountants, a collaborating firm of Andersen Global

The Luxembourg Government presented a draft law in order to implement the Anti Tax Avoidance Directive (ATAD - EU Directive 2016/1164) which shall be effective on January 1, 2019. The draft law suggests a post-BEPS tax environment while maintaining an interesting and flexible hub for international tax structures. Existing structures with Luxembourg involvement should be reviewed.

September 28, 2018

From Switzerland: Federal Council for Administrative Assistance in Customs Area with U.S.

Source: Robert Cavadini or Paolo MondiaAndersen Tax in Switzerland, a member firm of Andersen Global

The Federal Council met on September 5, 2018 and observed the results of the consultation procedure on an administrative assistance agreement in the customs area with the U.S. On the condition that the Foreign Affairs Committees of the Federal Assembly agree, the Federal Council resolved that negotiations would continue. The current draft agreement was reviewed by the Federal Council, which in its present form, is rejected or at least viewed critically by most business associations and seven cantons.

September 26, 2018

From Egypt: Egypt’s New Consumer Law

Source: Marina IskanderAndersen Tax & Legal in Egypt, a member firm of Andersen Global

On September 18, 2018, President Abdel Fatah el Sisi ratified the new Consumer Protection Law, which had been approved by parliament in April of this year. The law is to be implemented in three months, with the executive regulations due to be produced within three months. Its key attributes are protecting consumers from unsafe products and implementing the rights of citizens to allow them to know the details of the services they use or the goods they consume.

September 25, 2018

Andersen Global Collaborating Firm Tufiño & Villegas Ranked by Chambers & Partners and The Legal 500

Source: Tufiño Villegas, a collaborating firm of Andersen Global 

International guides Chambers & Partners and The Legal 500 have ranked Tufiño & Villegas, a collaborating firm of Andersen Global, as a top law firm in Bolivia. Tufiño & Villegas is located in Bolivia with office locations in La Paz, Santa Cruz and Cochabamba. The firm specializes in providing legal services to both local and foreign companies that do business in Bolivia or that plan to carry out operations in this country.

September 21, 2018

From Mexico: The U.S. – Mexico Trade Agreement Has Been Finally Reached

Source: Marco Reyes or Jose Luis Hinojosa - Andersen Tax & Legal in Mexico, a member firm of Andersen Global

The process of renegotiation of the North American Free Trade Agreement (NAFTA) began on August 16, 2017 with an expectation to be concluded in seven rounds by the beginning of 2018. After a year of talks between the three countries involved (U.S., Mexico, and Canada), on August 27th, an agreement between U.S. and Mexico was finally reached (known as the U.S. - Mexico Trade Agreement).​

September 14, 2018

Andersen Global Announces New Board of Directors for Europe

Source: Andersen Global

Andersen Global named the members of the European Regional Board of Directors. This regional board will advise the global organization on issues critical to the continent to ensure that the group is working in a seamless way across the different countries of the region, practice areas, industries and also on the management of common protocols.

September 12, 2018

Mark Davies & Associates Partner Recognized by Spear's Wealth Management Magazine

Source: Mark Davies & Associates, a collaborating firm of Andersen Global

Mark Davies, Partner and Founder of Mark Davies & Associates Ltd, a collaborating firm of Andersen Global, has been highlighted by Spear's Wealth Management Magazine as one of the top 10 private client accountants in the United Kingdom. Spear’s is a wealth management and luxury lifestyle media brand that has established itself as one of Europe's leading media authorities.

September 6, 2018

Andersen Global Announces Professionals Highlighted in International Tax Review

Source: Andersen Global

Andersen Global is proud to announce that a Partner from Andersen Tax & Legal in Portugal, a member firm of Andersen Global, and a Partner from A2Z Tax & Legal, a collaborating firm of Andersen Global, have been named top tax leaders in their regions by the International Tax Review (ITR). ITR provides tax professionals with up-to-date news and analysis service in regards to cross-border tax issues. 

August 31, 2018

From the United Kingdom: Harsher Penalties for Non-Compliance with Goods and Services Tax (GST) Requirements When Importing Services and Digital Products into Australia

Source: Roger Bevan - RBC VAT Limited, a collaborating firm of Andersen Global

From July 1, 2018, low value goods costing AUD 1,000 or less supplied to Australian consumers by retailers located in the UK and all other overseas jurisdictions will be subject to Australian Goods and Services Tax (GST). This change is designed to restore a level playing field for Australian retailers and represents a significant overhaul of the current situation for non-resident businesses.

August 30, 2018

From Luxembourg: Luxembourg Implemented a VAT Group Scheme

Source: Christel Begué or Michael Probst - BA Tax Accountants, a collaborating firm of Andersen Global

As a reaction to the recent Court of Justice of the European Union judgments limiting significantly the scope of the VAT exemption for supplies of services to the members of an independent group of persons, Luxembourg has introduced a VAT group scheme by amending law of August 6, 2018 into its VAT legislation. The VAT group regime entered into force on July 31, 2018.

August 24, 2018

From India: Declaration of Significant Beneficial Owner - New Regulations

Source: Suraj Nangia - Nangia Advisors LLP, a collaborating firm of Andersen Global

In an attempt to address the global issue of money laundering, bribery and corruption, insider dealings, tax fraud, terrorist financing and other illegal activities, the Ministry of Corporate Affairs (MCA), based on the recommendation of the Financial Action Task Force, an intergovernmental organization, has notified the provisions of Disclosure of Significant Beneficial Ownership of Companies.

July 12, 2018

Andersen Tax & Legal Debuts in Ecuador

Source: Andersen Global

Andersen Global solidifies its growing presence in Latin America with news that the Andersen name will debut in Ecuador, today unveiling Andersen Global collaborating firms Profile Cia, Ltda. and FIDESBURó Cia, Ltda. adopting the name Andersen Tax & Legal and transitioning to become a member firm of the international organization.

May 15, 2018

Andersen Tax & Legal Adds Location in Monterrey, Mexico

Source: Andersen Tax & Legal in Mexico, a member firm of Andersen Global

Andersen Global is proud to announce a new presence in Mexico through the expansion of Andersen Tax & Legal in Monterrey, an industrial and multi-sectorial city. Monterrey is located in the northeast of the country and is well-known as the industrial capital of Mexico.

April 17, 2018

Andersen Global Announces Expansion in Argentina

Source: Andersen Global

Andersen Global announces its presence in Argentina with Modo, a leading tax & legal firm in Buenos Aires. The establishment of a Collaboration Agreement with Modo continues Andersen Global’s expansion within Latin America.

April 12, 2018

Andersen Global Continues its Expansion in London

Source: Andersen Global

Andersen Global heralds further growth in the United Kingdom (UK) with the signing of a Collaboration Agreement with Mark Davies & Associates, a London-based award winning tax practice focused on advising international clients on cross-border matters. 

April 10, 2018

Andersen Tax Launches in Kenya

Source: Andersen Global

Andersen Global is proud to announce the debut of the Andersen name in Kenya as Nexus Business Advisory Limited, a tax and business advisory firm based in Nairobi, becomes a full member firm of Andersen Global. 

April 9, 2018

Fischer & Schickendantz Highlighted in Búsqueda

Source: Fischer & Schickendantz, a collaborating firm of Andersen Global

Fischer & Schickendantz, a collaborating firm of Andersen Global, was mentioned by Uruguayan weekly newspaper Búsqueda. The article discusses the firm’s integration into Andersen Global and highlights Juan Federico Fischer, one of the founders of the firm.

March 12, 2018

Andersen Global Continues Expansion in Germany with Berlin Office

Source: Andersen Global

Andersen Global continues its expansion in Germany as a new office in Berlin opens, joining the existing Andersen Tax & Legal team in Germany, effective March 1, 2018. The Berlin office will be the sixth location of Andersen Tax & Legal in Germany and includes more than 60 professionals in the offices of Berlin, Dusseldorf, Frankfurt, Cologne, Leipzig, and Merzig.

March 8, 2018

Andersen Global Initiates Expansion in the United Kingdom

Source: Andersen Global

Andersen Global is proud to announce its expansion in the United Kingdom through a Collaboration Agreement with a leading VAT firm in London, RBCVAT Limited. The firm, led by Roger Bevan, is a significant addition to increasing Andersen Global’s platform in this key market in Europe.

March 7, 2018

Andersen Global Names Board of Directors for Latin America

Source: Andersen Global

Andersen Global is proud to announce the appointment of the Latin America Regional Board which will assist the global association in continuing its unprecedented growth on the continent by providing advice and guidance on issues critical to the organization’s success.

February 1, 2018

Sümeyye Zullo Joins Andersen Tax in Turkey as a Corporate Finance Partner

Source: Andersen Tax in Turkey, a member firm of Andersen Global

Andersen Tax in Turkey announces the addition of Sümeyye Zullo as a Partner in the Istanbul office. She has been working as a corporate finance specialist for 10 years and has extensive knowledge and experience in corporate finance matters including company valuations, intangible asset valuations, sell-side and buy-side M&A advisory, spin-offs, mergers, IPO, bond offerings, and privatizations. 

January 15, 2018

From Germany: Hermann Knott Panelist at M&A Conference

Source: Andersen Tax & Legal in Germany, a member firm of Andersen Global

The International Bar Association and M&A Law Committee will be hosting a conference in Mumbai, India on the topic of "Mergers and Acquisitions in India: New Opportunities and Challenges in a Dynamic India." The conference will take place on March 9-10, 2018, and will bring together some of the world's leading practitioners to explore the M&A market in India. 

January 11, 2018

Andersen Global’s Continued Growth

Source: Andersen Global

Andersen Global’s continued growth, integration of services, and strategic build-out with like-minded, synergistic individuals and firms has allowed us to truly become a global firm.