On 29 September the Cabinet of Ministers met to debate the Accounting Bill drafted in collaboration with professional organisations and academia. The Bill is to replace the Accounting Act adopted in the early 90s and embrace the latest developments and economic digitalisation. This article explores the proposed amendments and expected changes.

By passing a landmark ruling (C-311/18 Data Protection Commissioner v Facebook Ireland and Maximillian Schrems of 16 July 2020) which emphasises the basic right to privacy when personal data is transferred to third countries, the Court of Justice of the European Union (“CJEU”) has again confirmed how important it is to maintain a high level of protection of personal data being transferred from the EEA to third countries. The ruling has raised a number of questions about the legal basis for personal data transfers to third countries. As the ruling focuses on transfers to the US, this article explores some of the steps companies should take with the ruling in force.

Company employees often use their private cars for business purposes. This article explores issues to consider and tax implications of this use being included in employment contracts.

This article completes what we wrote last week.

Each company’s day-to-day work involves communicating with suppliers, distributors and customers. We often see that company employees are not aware that the way they carry out their daily responsibilities can be treated as part of a breach of competition law, which can result in their company facing fines and reputation damage. Even a single email your employee sends in the course of business might contribute to a breach of competition law and make the regulator suspicious. To avoid this, employees as well as management should be aware of risks associated with their day-to-day work and potential breaches of competition law.

Under the Taxes and Duties Act and the State Revenue Service (“SRS”) Act, the tax authority has a wide range of tasks and responsibilities in tax administration. The SRS monitors the economic and financial activities conducted by all entities and individuals and enforces compliance with the tax laws. To fulfil its statutory responsibilities, the SRS carries out various control measures, from ones that can go unnoticed by the taxpayer until a certain moment to serious inspections requiring the taxpayer’s presence. This article explores thematic reviews as well as their substance, key aspects, and expected outcomes.

This article offers a brief insight into our experience.

This article completes what we wrote last week about the General Data Protection Regulation (“GDPR”).