Publication | Feb 22, 2017
The dividends withholding tax, which is currently set at 15%, falls below the global standard set by the Organisation for Economic Co-operation and Development. It has thus been increased to 20% with effect from 22 February 2017. The exemption rates for inbound foreign dividends will accordingly be adjusted in line with this increase with effect from 1 March 2017.
On July 16, 2020, the Court of Justice of the European Union (CJEU) published its decision in the landmark case Data Protection Commissioner v Facebook Ireland Ltd, Maximilian Schrems and intervening parties, Case C-311/18 (known as the Schrems II case).
The COVID-19 outbreak has posed an unprecedented challenge – not just for individuals and governments, but also corporates seeking to navigate unchartered waters in the widespread disruption caused by the global pandemic.
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