News & Analysis as of

Exports Value-Added Tax (VAT)

White & Case LLP

Bill Amending the Corporate Tax Law and Value Added Tax Law and Introducing Additional Motor Vehicle Tax are submitted to the...

White & Case LLP on

After February 6, 2023, in order to meet the financing needs arising from the earthquake in Kahramanmaraş, a legislative proposal was submitted to the parliament which establishes an Additional Motor Vehicle Tax for 2023 and...more

King & Spalding

The New Saudi Special Economic Zones

King & Spalding on

On 14 April 2023, the Economic Cities and Special Zones Authority (ECZA) announced the launch of four special economic zones (SEZs) in the Kingdom of Saudi Arabia (the Kingdom) to accelerate the diversification of the...more

Walkers

Chambers Global Aviation Finance & Leasing Guide 2022: Ireland

Walkers on

1.1.1 Taxes/Duties Payable Upon Execution of the Sales Agreement VAT Whether there will be any VAT payable on the sale of an aircraft is determined by its physical location at the point of sale. If the aircraft is physically...more

Morgan Lewis

Update: UK Finalizes Export Ban on Luxury Goods to Russia

Morgan Lewis on

The United Kingdom has finalized its ban on the delivery, sale, transit, and export of luxury goods to Russia, focusing on items that will impact Russian oligarchs and other members of the Russian elite....more

Braumiller Law Group, PLLC

Hot Topics in International Trade - April 2022 - IMMEX - More of What You Need to Know

IMMEX is an acronym that in Spanish stands for Industria Manufacturera, Maquiladora y de Servicios de Exportacion (Manufacturing, Maquiladora and Export Services Industry). It is a program from the Mexican federal government...more

Pillsbury Winthrop Shaw Pittman LLP

China Cancels Export Tax Rebate on Steel Products

Notice No. 16 lists 146 steel products subject to the cancellation of export tax rebates. Notice No. 16 does not provide any transition period or other options that may lessen the impact on exporters in China....more

White & Case LLP

What business needs to know about trading goods under the EU-UK Trade and Cooperation Agreement

White & Case LLP on

In this alert, we focus on the key takeaways for trade in goods under the EU-UK Trade and Cooperation Agreement ("EU-UK TCA"). Bilateral trade between the UK and EU will be duty free and quota free provided the relevant...more

A&O Shearman

Blacklines Comparison of the New UK/EU Withdrawal Agreement Terms

A&O Shearman on

Yesterday, the EU and U.K. in principle agreed new terms for the withdrawal agreement giving effect to the U.K.’s exit from the European Union. These include a revised political declaration and protocol concerning Northern...more

Foley & Lardner LLP

Manufacturing in Mexico?

Foley & Lardner LLP on

Opportunities and challenges to think through before pursuing the Manufacturing, Maquiladora and Export Services Industry program (IMMEX)....more

Dechert LLP

Brexit: UK Customs Issues "Call for Action" to Businesses

Dechert LLP on

HM Revenue and Customs (HMRC) has issued a letter to 145,000 UK businesses setting out actions they need to take now to prepare for the “unlikely event of the UK leaving the EU without a deal.” More substantial steps may be...more

Bracewell LLP

Executive Regulation on Value Added Tax in the UAE

Bracewell LLP on

The United Arab Emirates (“UAE”) Federal Tax Authority has recently published the draft Executive Regulations of Federal Decree Law No. 8 of 2017 on Value Added Tax (the “VAT Law”) which introduces a 5% VAT on the import and...more

Skadden, Arps, Slate, Meagher & Flom LLP

Key Takeaways: Prospects for US Business Tax Reform — What You Need to Know

On February 16, 2017, Skadden hosted a webinar titled “Prospects for U.S. Business Tax Reform: What You Need to Know.” The Skadden panelists were M&A partner Stephen Arcano; global tax co-head Eric Sensenbrenner; and tax...more

Skadden, Arps, Slate, Meagher & Flom LLP

"Significant Changes Likely for US Trade Policy and Enforcement"

U.S. international trade policy and enforcement were centerpieces of President Donald Trump’s campaign and are likely to feature prominently in the new administration’s agenda in the months ahead. The Trump administration has...more

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