In Australia, a new simplified liquidation process was introduced on 1 January 2021. To summarise, the simplified liquidation is a streamlined creditors’ voluntary winding up for companies that have liabilities less than $1 million and it only applies when the event that triggers the start of the winding up occurs on or after 1 January 2021.

Portugal has waived annual confirmation for registration of the Ultimate Beneficial Owner (UBO) (RCBE) for the year 2021. Companies will not be required to file the annual UBO declaration (filed together with the IES tax filing), which was set to be due by 15 July 2021.

The Financial Regulatory Authority of Egypt implemented “Anti Money Laundering and Terrorist Financing” Decree no. 2/2021 (the Decree) as a continuation to the Egyptian Anti-Money Laundering Law no. 80 of 2002, on 19 January 2021.

On 26 March 2021, the Polish Minister of Finance extended the deadlines for preparation, approval and submission of financial statements by three months.