Enquêtes et perquisitions surprises

eAlerts Récentes

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  21.09.2023

  Pologne

  Poland to allow shareholders to request prosecution for crime of mismanagement

  GB PL

  As of 1 October 2023, Polish shareholders in a both joint stock and a limited liability company will be able to file a request for prosecution for a crime of mismanagement not resulting in an actual loss (Article 296 § 1a of the Polish Criminal Code). This provision criminalises actions that cause an imminent threat of financial loss exceeding PLN 200,000 by persons responsible for managing the financial matters or business activity of another person or entity (i.e. primarily by members of the management board).Who will be able to file a request for prosecution?Until now, a request from...

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  04.08.2023

  United Kingdom

  Star Sports fined for AML and social responsibility failures

  Star Racing Limited, trading as Star Sports, (“Star Sports”) has been issued an official warning, a £594,000 financial penalty and had additional conditions attached to its operating licence by the UK Gambling Commission (the “Commission”) for anti-money laundering and social responsibility failures.Following a review of Star Sports’ operating licence, the Commission found that, between March 2020 and May 2021, the licensee was in breach of AML and social responsibility obligations under the Licence Conditions and Codes of Practice (the “LCCP”).AMLLicence...

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  13.06.2023

  Middle East

  UAE Corporate Tax Law: When does a non-resident juridical person have a UAE Nexus?

  BackgroundThe UAE enacted its Corporate Tax Law (the “CTL”) in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The CTL came into force on 1 June 2023. The main corporate tax rate of 9% applies on income exceeding AED 375,000 (roughly USD 102,000). The CLT provides that the rate of corporate tax which applies to “Qualifying Free Zone Persons” is 0% with respect to qualifying income and 9% on non-qualifying revenue.Under Article 11 of the CTL, a taxable person includes a non-resident person which has a UAE nexus.Cabinet Decision...

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  05.06.2023

  Middle East

  UAE Corporate Tax Law: What Constitutes Qualifying Income for Free Zone Persons?

  BackgroundThe UAE enacted its Corporate Tax Law (the “CTL”) in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The CTL came into force on 1 June 2023. The main corporate tax rate of 9% applies on income exceeding AED 375,000 (roughly USD 102,000). The CLT provides that the rate of corporate tax which applies to “Qualifying Free Zone Persons” (“QFZP”) is 0% with respect to qualifying income (“Qualifying Income”) and 9% on non-qualifying revenue (“Non-Qualifying Revenue”).After much anticipation,...

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  25.05.2023

  United Kingdom

  Operator that runs 10bet.co.uk reaches regulatory settlement with the Gambling Commission

  On 23 February 2023, the UK Gambling Commission (the “Commission”) announced that enforcement action against Blue Star Planet Limited (“Blue Star”), trading as 10Bet, concluded in the payment of a £620,000 regulatory settlement by the operator.Following a compliance assessment in June 2021 (the “Assessment”), the Commission commenced a licence review of Blue Star which found that between November 2019 and June 2021 there were failings in Blue Star’s anti-money laundering and social responsibility procedures and its reporting arrangements.Blue Star’s...

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  12.04.2023

  Middle East

  UAE Corporate Tax: Small Business Relief Criteria

  BackgroundThe UAE issued its landmark Corporate Tax Law in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The Corporate Tax Law applies with effect from 1 June 2023.The Corporate Tax Law provides a framework whereby small businesses who qualify as Resident Persons may elect to be treated as not having any taxable income for a tax period and therefore would pay zero corporation tax for that period (the “Small Business Relief”). However the Corporate Tax Law did not specify the criteria that Resident Persons would need to meet in order...

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