6 Aug 2026, 08:48 UTC19 views2 reactionsread 8 August 2026 Poland Introduces Major Relaxation of Mandatory Disclosure Rules
Poland has enacted substantial amendments to its Mandatory Disclosure Rules (MDR), implementing changes to EU Directive 2018/822 (DAC6) with effect from 1 October 2026. The reforms significantly narrow the scope of reportable tax arrangements and reduce administrative burdens for both taxpayers and intermediaries.
The most notable change is the removal …
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5 Aug 2026, 04:18 UTC26 views4 reactionsread 8 August 2026 Source of funds and source of wealth are often confused during Hong Kong company onboarding.
They are related, but they are not the same.
Source of funds explains the particular money used in a transaction or business relationship. For example, shareholder capital, a shareholder loan, investment funds, proceeds from a sale, or funds used to pay professional fees.
Source of wealth explains the wider financial backgrou…
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4 Aug 2026, 12:03 UTC25 views4 reactionsread 8 August 2026 BVI Extends Economic Substance Filing Window After VIRRGIN Technical Issues
The British Virgin Islands International Tax Authority (ITA) has introduced temporary relief for Economic Substance (ES) reporting after technical issues affected the VIRRGIN filing platform. The measures are designed to ensure businesses are not disadvantaged while the system is being stabilised.
Key developments
• Economic Substance filing …
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3 Aug 2026, 15:57 UTC25 views4 reactionsread 8 August 2026 Singapore company compliance does not stop once the company is incorporated and the first directors are appointed.
The next practical question is ownership and control: can the company clearly demonstrate who owns it, who controls it and whether any director or shareholder is acting as a nominee for another party?
This is especially important for foreign-owned Singapore companies.
An ACRA business profile may show th…
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3 Aug 2026, 04:13 UTC23 views5 reactionsread 8 August 2026 INDIA: High Court Limits the Scope of Money Laundering Claims Based on Unexplained Assets
The Allahabad High Court has clarified an important principle governing the application of India's Prevention of Money Laundering Act (PMLA): assets of unexplained or uncertain origin cannot automatically be treated as "proceeds of crime" solely because their source has not been established.
In Sanjay Kumar @ Sanjay Dhiman v. Di…
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31 Jul 2026, 14:03 UTC26 views5 reactionsread 8 August 2026 Hong Kong is often described as a simple and tax-efficient jurisdiction for SMEs.
That is broadly true, but it is also easy to misunderstand.
A competitive profits tax rate does not remove the need for proper accounting records, audit-ready books, defensible tax computations and evidence supporting the source of profits.
For business owners, the practical question is not only “what is the tax rate?”
The more importan…
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31 Jul 2026, 08:23 UTC25 views4 reactionsread 8 August 2026 Client due diligence under the new EU AML framework is moving beyond formal KYC.
Passports, proof of address, corporate extracts and ownership documents remain important. But on their own, they no longer answer the main question: does the professional service provider understand the client, the structure, the source of funds, the commercial rationale and the risk of the relationship?
For CSPs, lawyers, accountants, t…
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30 Jul 2026, 06:10 UTC26 views4 reactionsread 8 August 2026 MALTA INTRODUCES NEW INDIVIDUAL TAX PROGRAMME FROM 2027
Malta has introduced a new Individual Tax Programme (ITP) that will apply from 1 January 2027, replacing the previous legislative framework for the country's special tax residence regimes. The reform is implemented through Legal Notice 195 of 2026 and represents one of the most significant updates to Malta's residence-based tax system in recent years.
The new ru…
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29 Jul 2026, 06:01 UTC32 views4 reactionsread 8 August 2026 In Hong Kong company administration, the name on the shareholder register is not always the whole ownership story.
For banks, TCSPs and professional advisers, the more important question is often: who ultimately owns, controls or benefits from the company?
That person is commonly described as the ultimate beneficial owner, or UBO.
Beneficial ownership transparency is now a normal part of Hong Kong corporate administr…
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28 Jul 2026, 10:41 UTC35 views4 reactionsread 8 August 2026 EU Court Confirms Broad Approach to Sanctions Circumvention
The EU General Court has dismissed Belarusian businessman Dimitry Beloglazov's appeal against his EU sanctions designation (Case T-492/24), reinforcing the EU's broad approach to sanctions circumvention.
The case concerned the acquisition of interests in Rasperia, the company holding 28.5 million frozen Strabag shares. The Court found that the transaction co…
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28 Jul 2026, 03:42 UTC33 views5 reactionsread 8 August 2026 Thailand Proposes New Framework for Deporting Foreign Nationals
Bangkok — Thailand’s Cabinet has approved draft regulations aimed at creating a clearer and more efficient process for deporting foreign nationals who violate Thai law. The proposal introduces structured procedures, strengthens coordination between government agencies, and addresses long-standing practical issues, including the repatriation of foreign p…
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27 Jul 2026, 07:33 UTC38 views5 reactionsread 8 August 2026 A Singapore company can be incorporated efficiently. But once the company exists, it must be governed properly.
For foreign founders and investors, one of the first practical questions is often: who will act as the local resident director?
This role is sometimes treated as a registration formality. That is a mistake.
A director is not simply a name on the ACRA record. A director is part of the company’s governance st…
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Showing the 12 most recent of 20 posts we hold for @EltomaCorporateServices. View and reaction counts are the latest single reading for each post, not a live figure, and a recent post is still accumulating both. A view count marked ≈ was rounded by Telegram before we ever saw it — t.me prints views in full below 1,000 and to three significant figures above, so ≈1,200,000 means somewhere between 1,150,000 and 1,249,999. Unmarked counts are exact. Text is reproduced from the public post preview and truncated for length.