Doing Business In The Kingdom Of Saudi Arabia

As the third largest recipient of foreign direct investment in the region, not to mention its standing as the region’s largest economy,1 the Kingdom of Saudi Arabia is of significant interest to foreign investors, particularly in light of recent Government initiatives (discussed further in the final section of this article).

This article will summarise some of the key considerations for foreign investors embarking on investments in the Kingdom, which include:

the licenses and permits required […]

By |October 14th, 2016|

French Tax Authorities Reduce Trustee Penalties For Failure To Comply With Reporting Obligations

Until now, Article 1736 IV bis of the French Tax Code (FTC) has imposed very high penalties for trustees who fail to comply with filing requirements imposed by French tax legislation applicable to trusts. Following the decision of the Constitutional Court dated 22 July 2016, French tax authorities have made changes to the penalties applicable for failure to comply with some disclosure obligations, in particular the ones applicable to trustees (“circulaire” of 14 September […]

By |September 26th, 2016|

IRS Clarifies Several Issues Related To Section 6055 Reporting In Proposed Regulations

On July 29, the IRS issued proposed regulations under Section 6055 that seek to clarify a number of issues raised by commenters in response to the original proposed regulations under Section 6055 and Notice 2015-68.  Filers may rely on the proposed regulations for calendar years ending after December 31, 2013, making them applicable at the option of filers for all years during which Forms 1095-B and Forms 1095-C were required to be filed.  In addition to […]

By |September 23rd, 2016|