Prague is not only about beautiful old streets, castles, Wenceslas sausage and beer. The financial, corporate, tax system in the CzechRepublic is perfectly balanced. Despite the fact that this location is not considered popular for doing European business, it has all the necessary attributes for this. The country, located in the heart of Europe, borders…
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Blockchain technology and tokenization of the economy become the standard of business increasing number of successful token sales, whether it’s private sale, ICO etc. However even successfully raised crypto money often becomes a problem for entrepreneur: * lack of legitimate channels for conducting crypto transactions * lack of mechanisms for converting crypto currency into fiat…
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Who are the fintech start-ups in Europe worth banking on in the year ahead? Europe is in the grip of a fintech revolution and 2018 is set to be a pivotal year, with seismic developments ranging from Brexit ructions to the onset of GDPR, the implementation of PSD2 and the ongoing evolution of blockchain-based services.…
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Without a doubt, 2016 was the year ‘disruption’ became tangible. Events like Brexit, the U.S. election and India’s demonetization exercise brought home the reality we are living in a fast-changing global society where a sense of anti-establishment and rebellion is accelerating change. This shows no sign of stopping in 2017, with new technologies allowing banks to…
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Ravi Kumar S is a president and the deputy chief operating officer at Infosys, a role in which he leads the firm’s global delivery organization across all industry segments. In this CoinDesk opinon peace, he discusses his company’s big-picture vision for the non-monetary applications of blockchain technology. Blockchain’s ability to ensure trust and transparency in financial transactions…
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Banks are scared. They’ve seen the rise of the new world of open APIs, apps and analytics and know that their organisations are not yet ready or fit to change to that world. What to do? Well, the easiest thing to do is to block access to the bank’s data. If third party FinTech firms…
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Since the Personal Data Protection Act (the Act) came into force, the Personal Data Protection Commission (the Commission) has published a number of enforcement decisions taken against 22 organisations for breaching various obligations under the Act. Enforcement actions have been taken against companies in a range of industries, including the food and beverage sector, insurance companies, societies…
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The Tax Department of Cyprus has announced the launch of a new web portal for online filing of value-added tax reports. The TAXISnet system for VAT has been made publicly available as of 10 November 2016; however, it will be fully operational starting from 1 December 2016. Taxpayers in Cyprus can now sign up for…
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The Inland Revenue Authority of Singapore (hereinafter – IRAS) announced that large businesses will be subject to the goods and services tax audit in 2016 and 2017. The IRAS does not provide a definition of the term ‘large business’, neither does it specifies the criteria for considering a company as a large business, but it…
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