Press Room

February 14, 2019

From Cyprus: Cyprus to Implement EU's Anti-Tax Avoidance Directive

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

Cyprus is currently in the process of implementing the European Union (EU) Anti-Tax-Avoidance Directive (ATAD), which basically aims at preventing multinational companies sheltering their profits in low or no tax jurisdictions.

February 12, 2019

Andersen Global Expands Presence in India; Nangia Advisors Opens Offices in Bengaluru and Pune

Source: Andersen Global

Today, Andersen Global announced further expansion in India, with Nangia Advisors, a collaborating firm of Andersen Global, opening new offices in Bengaluru and Pune.  Andersen Global embarked on its expansion in India less than a year ago, and now has a presence in 10 locations in the country through its collaborating firms, Vaish Associates and Nangia Advisors.

February 11, 2019

From Poland: Mandatory Disclosure Rules (MDR) in Poland - Obligation to Report Tax Schemes

Source: Monika Poteraj, Michał Kłos or Anna Łaszczuk, Andersen Tax & Legal in Poland, a member firm of Andersen Global

Since January 1, 2019, the provisions of the Polish Tax Ordinance Act introducing an obligation to report so-called tax schemes have been enforced. These provisions apply to all taxpayers, persons and entities providing tax or legal advisory services, for example, employees of financial institutions or notary public.

February 5, 2019

Andersen Global Adds Collaborating Firm in Peru

Source: Andersen Global

Andersen Global is proud to announce a collaboration agreement with Estudio Hernández & Ugarelli, a respected legal, tax and business consulting firm based in Lima, Peru. This is the second collaboration agreement in Peru for Andersen Global. Hernández & Ugarelli is comprised of four Partners and 12 professionals. 

February 1, 2019

Andersen Tax & Legal in Italy Partner Interviewed by Bloomberg Tax

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

Francesco Marconi, a Partner at Andersen Tax & Legal in Italy, a member firm of Andersen Global, was interviewed by Bloomberg Tax. The article Italy Courts Controversy with Adoption of Digital Revenue Tax, provides information and opinions on a new digital revenue tax that Italy lawmakers recently approved as part of the country’s 2019 budget. 

February 1, 2019

From France: The Finance Law 2019 - Contribution and Sale: Changes to the Conditions Governing the Reinvestment of Sale Proceeds

Source: Frédéric Bucher, Melissa Pun or Charles Baudouin, Andersen Tax & Legal in France, a member firm of Andersen Global

The French Parliament recently approved Finance Bill for 2019. Finance Law No. 2018-1317 of December 28, 2018 for the 2019 year made certain changes to the conditions governing the reinvestment of sale proceeds, seeking other items to extend the scope of the definition of reinvestment, in order to offer more investment opportunities to company managers.

January 30, 2019

From Poland: New Polish Withholding Tax Collection Mechanism May Impact Cash Flow

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

A new regime of witholding tax collection (pay and refund) may affect client cash flow, if the client receives dividends, interests, royalties or fees for intangible services from Poland. However, certain steps may be taken by a non-resident and by a Polish withholding agent to avoid the obligatory collection of the withholding tax, e.g. they may apply for a special ruling or collect the relevant documents.

January 29, 2019

Andersen Tax & Legal Debuts in Poland

Source: Andersen Global

Andersen Global strengthens its growing presence in Eastern Europe with the news that A2Z Tax & Legal will adopt the name Andersen Tax & Legal and will become a full member firm of the international organization. Andersen Global has a presence in nearly 20 European countries through its member firms and collaborating firms.

January 22, 2019

Andersen Global Announces Collaboration with Budapest Law Firm

Source: Andersen Global

Andersen Global announced a collaboration agreement with Szabo Kelemen & Partners Attorneys, a respected law firm based in Budapest, Hungary. Hungary marks the 38th country in which Andersen Global offers legal services, expanding the international association’s growing presence in Eastern Europe. Andersen Global is now present in more than 46 countries worldwide.

January 16, 2019

Andersen Tax & Legal in Ecuador Welcomes Partner Luis Ponce in Quito

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

Andersen Tax & Legal in Ecuador is excited to announce a new Partner in the city of Quito, Luis Ricardo Ponce Calderón. Luis has over 30 years of experience in providing tax and legal services. Luis' areas of expertise include corporate tax, international tax law, double tax treaties, indirect taxes-VAT, special consumer tax, overseas remitttances tax, individual tax, global employment services, commercial law, environmental law, and labor law.

January 15, 2019

Andersen Tax & Legal in Italy Partner to Speak at IFA Conference

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

The Italian branch of the International Fiscal Association (IFA) is hosting a conference focused on the current topics of international tax law and the European Union. Andersen Tax & Legal in Italy Partner, Maricla Pennesi, will be a panelist at the conference. Her topic, which focuses on permanent establishment, will be a part of a large panel titled The Impact of the BEPS Multilateral Convention. The conference will take place on January 23, 2019 in Milan, Italy.

January 14, 2019

Andersen Tax & Legal in Germany Strengthens its Tax Department and Expands its Berlin Office

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

At the beginning of 2019, Andersen Tax & Legal in Germany further expanded its tax and transaction practice with Dr. Malte Strüber and Christian Weimann. Both had previously worked in Beiten Burkhardt's Berlin office as tax consultants and lawyers. Strüber joins Andersen Tax & Legal as a Partner, and Weimann initially joins as Senior Associate. With these two additions, the areas of tax structuring and transaction consulting, as well as tax defense consulting in particular, will be strengthened.

January 9, 2019

From Egypt: New Anti-Cyber and Information Technology Crimes Law Protects Investment and Investors

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

To top off a year of innovative and advanced legal instruments, the Anti-Cyber and Information Technology Crimes Law (Law No. 175 of the year 2018) has been ratified and published in the official Gazette. The new law addresses issues such as hacking state information systems, committing crimes through information systems, technology, or e-mail, or publishing material online that threatens the country’s security or economy. 

January 8, 2019

Andersen Tax Expands in Turkey

Source: Andersen Global

Andersen Global is proud to announce an expanded presence in Turkey as local member firm, Andersen Tax, opens a fifth office in the city of Denizli in January. Andersen Tax in Turkey, which also has a presence in Istanbul, Ankara, Izmir and Bursa, first became a member firm of Andersen Global in January 2018, and has experienced rapid growth in the region.

December 19, 2018

Andersen Global Expands into Gurgaon

Source: Andersen Global

Andersen Global announces an expanded presence in India as Nangia Advisors LLP, a collaborating firm of Andersen Global, added an office location in Gurgaon, India. Nangia Advisors began collaborating with Andersen Global in May 2018, initiating the international association’s expansion in India. The addition in Gurgaon marks Nangia Advisors’ fifth location and continues their steady growth in India.

December 13, 2018

Benjamin Supowit Joins Andersen Tax as a Managing Director in the Washington, D.C. Office

Andersen Tax welcomes Benjamin Supowit as a Managing Director in the Washington, D.C. office as part of the Private Client Services Practice group. Ben has over 13 years of experience in tax compliance, planning engagements for high net worth clients, and planning in the areas of finance, investment, retirement, equity compensation, income tax and estate tax.

December 12, 2018

From Egypt: The GAFI Incorporates E-Signatures for Company Formation

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

For the first time in Egypt, electronic signatures have become an integral part of legal and official procedures in the public sector. The Ministry for Investment and International Cooperation has announced that The General Authority for Investments and Free Zones (GAFI) has made it possible to sign the paperwork setting up a company through electronic signature. 

December 10, 2018

Zvi Tirosh Joins Andersen Tax & Legal in Germany as a Partner in the Real Estate Practice Group

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

Andersen Tax & Legal in Germany welcomes Zvi Tirosh, a real estate lawyer, as a Partner in its Frankfurt office. The addition of Zvi strengthens the firm’s real estate law practice group, which is headed by Partner Philipp Zschaler in the Berlin office. The real estate practice is now compromised of 14 advisors throughout the multiple office locations in Germany.

December 4, 2018

Andersen Global Announces Expanded Presence in Poland with KSP Legal & Tax Advice

Source: Andersen Global

KSP Legal & Tax Advice (T.Srokosz i Wspólnicy Sp.k.), a leading law firm based in Katowice, Poland, has entered into a collaboration agreement with Andersen Global, an international association of tax and legal firms. Andersen Global’s expanded presence in Poland furthers its ability to provide seamless service throughout Europe through its member firms and collaborating firms.

November 30, 2018

Best Lawyers Recognizes 33 Lawyers from Andersen Tax & Legal

Source: Andersen Global

The prestigious American publication Best Lawyers has selected 27 Andersen Tax & Legal professionals as the most outstanding in Spain with a total of 44 distinctions in the ranking it prepares annually. The publication also recognizes one individual from Andersen Tax & Legal in Germany and five professionals from Andersen Tax & Legal in Portugal.

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 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 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. 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 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. 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. 

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. 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 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.