New York Business Advisory & Corporate Services Inc.

News & Updates

Canada (Ontario) — Working for Workers Seven Act & workplace law updates (2025)

📌 Key Highlights First announced: Ontario introduced the Working for Workers Seven Act, 2025 on May

UK — FCA anti-greenwashing rule (financial sector)

First announced: FCA published finalised non-handbook guidance (FG24/3) and the anti-greenwashing rule guidance around Nov 2023;

EU — DAC8 (crypto & digital asset reporting) transposition deadline

First announced: DAC8 adopted Oct 17, 2023; Member States must transpose it by Dec 31, 2025;

EU (transversal) — Pillar Two / Global Minimum Tax (EU Directive)

First announced: Council Directive (EU) 2022/2523 adopted 14 December 2022 and published in Official Journal 22

EU — DAC9 adopted (administrative cooperation for Pillar Two)

First announced: Council adopted DAC9 on April 14, 2025 (Directive amending Directive 2011/16/EU). Submitted by: NYBACS

Germany — Transfer-pricing “Transaction Matrix” & 30-day filing requirement

First announced: Administrative guidance published in April 2025; the Transaction Matrix requirement is mandatory from Jan

Hong Kong — Adopts Pillar Two (global minimum tax) & stronger TP rules (2025)

First announced: Legislative approval for Pillar Two measures reported May 29, 2025; IRD guidance updated June

Singapore — GST to 9%; e-invoicing & compliance focus

First announced: GST increase announced in Budget 2022 (Minister’s speech on Feb 18, 2022); staged rises

Canada — Marketplaces to issue annual merchant tax reports (example: DoorDash)

First announced: DoorDash published merchant reporting guidance June 16, 2025; CRA rules underpinning this began with

Canada — New reporting rules for digital platform operators (CRA rules)

First announced: Bill containing the rules received Royal Assent June 22, 2023; rules effective Jan 1,

About Us

Founded over five years ago, NYBACS^® (New York Business Advisory & Corporate Services Inc.) has grown from a company formation provider into a full-service global advisory firm. Through a trusted global network, we deliver tailored solutions in international business advisory, cross-border compliance, tax structuring, entity formation, and mobility. As a US Chamber of Commerce member with an A+ BBB rating, NYBACS^® helps businesses stay compliant and expand globally with confidence.

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NYBACS^® is a registered trademark of New York Business Advisory & Corporate Services Inc. (USPTO Serial No. 98898414). NYBACS^® is not a licensed CPA firm, statutory auditor, or law firm, and we do not issue audit opinions or provide direct legal representation. Our role is to act as a compliance and coordination advisor, connecting clients with licensed auditors, attorneys, investigators, and service providers to ensure filings, tax, employment, and immigration matters are handled in accordance with jurisdictional requirements. We facilitate services such as company formation, IRS coordination, cross-border tax compliance, EIN facilitation, mobility solutions, fraud investigations, and employment services strictly in collaboration with qualified professionals. All filings, renewals, and legal submissions are completed under applicable laws, with NYBACS^® serving as the coordinator to ensure accuracy, efficiency, and compliance. Privacy Notice: NYBACS^® does not use cookies or tracking technologies on this website. Any personal data shared with us is handled securely and only for the purpose of delivering our services.

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