AIA operates a range of sanctions imposed on members relating to the seriousness of misconduct, the level and history of non-compliance and the risk posed to the interests of the public and the integrity of AIA’s reputation. The AIA Sanctions Handbook is used by AIA disciplinary committees for all complaints and non-compliance referrals they consider; AIA operates an effective and proportionate enforcement policy, applied in a fair and consistent manner.
The Irish Revenue has updated their guidance on the tax treatment of lump sum payments on a redundancy or a retirement. Such lump sum payments may be exempt from tax or may qualify for some relief from tax.
The Irish Revenue has published updated guidance on the VAT Transfer of Business Relief. The guidance covers the VAT relief on the transfer of goods, goodwill or other intangible assets between accountable persons.
The Exchange Fund’s foreign assets increased by HK$10.5 billion in June to HK$2.6706 trillion, the Hong Kong Monetary Authority announced today.
The Indian Government today announced a target to develop the skills of 50 crore people by 2022 under the National Policy on Skill Development (NPSD).
China has loosened currency controls to make it easier for domestic companies and individuals to set up special purpose vehicles (SPVs) overseas, according to revised rules published by the nation's foreign exchange regulator.