On December 23, 2024, a three-judge panel of the United States Court of Appeals for the Fifth Circuit stayed the nationwide preliminary injunction, reinstating the reporting requirements under the Corporate Transparency Act for millions of companies.
FinCEN has updated its alert to include an extension of the initial January 1, 2025, reporting deadline, referring to the Department of Treasury’s recognition that reporting companies may need additional time to comply with the reporting requirements.
Reporting companies formed or registered prior to January 1, 2024, now have until January 13, 2025, to file their initial Beneficial Ownership Information reports.
Reporting companies formed or registered on or after September 4, 2024, that originally had a filing deadline between December 3, 2024, and December 23, 2024, also have until January 13, 2025, to file their initial Beneficial Ownership Reports.
Reporting companies formed or registered on or after December 3, 2024, and on or before December 23, 2024, have an additional 21 days from their original filing deadline to file their initial Beneficial Ownership Reports.
1st October 2024: Preliminary hearings of certain VAT, excise and customs cases redirected to General Court The EU Parliament and Council of the EU have agreed to that VAT cases may initially be heard
Though the U.S. Supreme Court stayed a nationwide injunction against the CTA on January 23, 2025 (McHenry v. Texas Top Cop Shop Inc.), a separate injunction issued by Judge Jeremy Kernodle of the U.S.
The OECD offered its latest developments and guidance on the global minimum tax rules and their implications for multinational corporate tax departments — Here’s a brief overview The 38 member-countries
After a seven-month hiatus, Binance has made a notable return to India’s digital landscape. The crypto exchange has been reinstated on India’s Google Play Store and Apple App Store as of August