China: New Department to Monitor Overseas Assets
(Sept. 8, 2008) China's National Audit Office (NAO), a ministry under the State Council (Cabinet), recently set up a new Overseas Audit Department to strengthen the auditing of overseas state-owned...
View ArticleAfghanistan: President Proposes Changes to Draft Criminal Procedure Law
(Feb. 27, 2014) On February 17, 2014, it was reported that Hamid Karzai, the President of Afghanistan, ordered that a controversial draft law on criminal procedure be changed. The provision under...
View ArticleIsrael: Anti-Money Laundering Law Amended
(Oct. 7, 2014) On July 30, 2014, the Knesset (Israel’s parliament) passed the Prohibition on Money Laundering (Amendment No. 13) Law, 5774-2014 (Amendment Law [in Hebrew], Knesset website [scroll down...
View ArticleAruba: New Ordinance Modifies Tax Law
(Dec. 24, 2014) On November 21, 2014, an ordinance was published in Aruba’s Official Gazette amending the Income, Wage Tax and General Tax Act. (LANDSCOURANT VAN ARUBA [Official Gazette], No. 54 (Nov....
View ArticleItaly: Updated Legislation on Credit Entities and on Strengthening of Bank of...
(July 17, 2015) On June 27, 2015, new legislation on the supervision of credit entities and on the strengthening of the country’s central bank, Decree-Law No. 72, entered into effect in Italy....
View ArticleEgypt: Decree Enhancing President’s Powers Challenged Before Constitutional...
(July 30, 2015) On July 27, 2015, lawyers representing the Egyptian Central Auditing Organization, a government body legally assigned to audit the budget, public funds, and expenses of other government...
View ArticleItaly: New Legislation for Administrative Reorganization of the State
(Sept. 9, 2015) On August 28, 2015, new legislation providing for a comprehensive reorganization of the public administration entered into effect in Italy. (Law No. 124 of August 7, 2015, Powers...
View ArticleChina: Measures on Audits of High-Risk Taxpayers
(June 10, 2016) China’s State Administration of Taxation (SAT) issued a set of measures on May 19, 2016, to apply as of July 1, 2016, containing rules on tax audits of “high-risk taxpayers” and on the...
View ArticleIsrael: Disclosure Requirements for Organizations Funded by Foreign Political...
(July 19, 2016) On July 11, 2016, the Knesset (Israel’s parliament) passed the Duty of Disclosure [for a Body] Supported by a Foreign Political Entity (Amendment) Law, 5776-2016 (Amendment Law),...
View ArticleItaly: Legislation on the Audit of Government Accounts
(Aug. 18, 2016) On August 5, 2016, new legislation on the statutory audit of governmental accounts entered into effect in Italy. (Legislative Decree No. 135 of July 17, 2016, Implementing EU Directive...
View ArticleItaly: Amendments to the National Budget Law
(Oct. 6, 2016) On September 9, 2016, new legislation amending the national budget entered into effect in Italy. (Law No. 163 of August 4, 2016, Amending Law No. 196 of December 31, 2009, Concerning the...
View ArticleMalaysia: Audit Framework for Goods and Services Tax Issued
(Oct. 17, 2016) The Royal Malaysian Customs Department has recently placed on its website a document outlining auditing procedures for the goods and services tax (GST). The Audit Framework was issued...
View ArticleChina: New Department to Monitor Overseas Assets
(Sept. 8, 2008) China's National Audit Office (NAO), a ministry under the State Council (Cabinet), recently set up a new Overseas Audit Department to strengthen the auditing of overseas state-owned...
View ArticleAfghanistan: President Proposes Changes to Draft Criminal Procedure Law
(Feb. 27, 2014) On February 17, 2014, it was reported that Hamid Karzai, the President of Afghanistan, ordered that a controversial draft law on criminal procedure be changed. The provision under...
View ArticleIsrael: Anti-Money Laundering Law Amended
(Oct. 7, 2014) On July 30, 2014, the Knesset (Israel’s parliament) passed the Prohibition on Money Laundering (Amendment No. 13) Law, 5774-2014 (Amendment Law [in Hebrew], Knesset website [scroll down...
View ArticleAruba: New Ordinance Modifies Tax Law
(Dec. 24, 2014) On November 21, 2014, an ordinance was published in Aruba’s Official Gazette amending the Income, Wage Tax and General Tax Act. (LANDSCOURANT VAN ARUBA [Official Gazette], No. 54 (Nov....
View ArticleItaly: Updated Legislation on Credit Entities and on Strengthening of Bank of...
(July 17, 2015) On June 27, 2015, new legislation on the supervision of credit entities and on the strengthening of the country’s central bank, Decree-Law No. 72, entered into effect in Italy....
View ArticleEgypt: Decree Enhancing President's Powers Challenged Before Constitutional...
(July 30, 2015) On July 27, 2015, lawyers representing the Egyptian Central Auditing Organization, a government body legally assigned to audit the budget, public funds, and expenses of other government...
View ArticleItaly: New Legislation for Administrative Reorganization of the State
(Sept. 9, 2015) On August 28, 2015, new legislation providing for a comprehensive reorganization of the public administration entered into effect in Italy. (Law No. 124 of August 7, 2015, Powers...
View ArticleChina: Measures on Audits of High-Risk Taxpayers
(June 10, 2016) China’s State Administration of Taxation (SAT) issued a set of measures on May 19, 2016, to apply as of July 1, 2016, containing rules on tax audits of “high-risk taxpayers” and on the...
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