Category: Europe
Cyprus: Cyprus Residency Permit Procedures
Now that the day for Britain to officially leave the European Union is approaching, UK nationals seeking Cypriot residency might wish to accelerate their efforts. This article acts as a guide to this process. ... - Continue reading
How to avoid paying double tax on your offshore investments
Clarifications on the double tax treaty between South Africa and the United Kingdom. ... - Continue reading
Luxembourg: Law On Deferral Of DAC 6, CRS And FATCA Deadlines Voted!
Amendments to legislations regarding deadlines have been made and here they are. ... - Continue reading
Cyprus: Marshall Islands | Economic Substance Regulations
MOre on the Economic Substance Regulations ("ESRs"). ... - Continue reading
Cyprus and Switzerland sign protocol for avoidance of double taxation
Cyprus and Switzerland team up to combat double taxation. ... - Continue reading
Malta: Malta Individual Investor Program (MIIP) | Reform
An amended citizenship program is yet to surface for Malta. Here is a glimpse of it. ... - Continue reading
Ukraine aims to fight tax evasion with new law
Here is a discussion into the new legislation set to take place in Ukraine which aims to tackle profit shifting. While its objective is to encourage tax transparency, many businesses believe that this measure might have adverse effects for offshore trade. ... - Continue reading
Why now is the best time for South Africans to apply for Portugal’s Golden visa
Guidance for South Africans to gain residency in Portugal. ... - Continue reading
Investment treaty to develop ties with UAE
Jersey and the United Arab Emirates extend hands of cooperation with each other. ... - Continue reading
Pakistan, Hungary sign MoU
Pakistan and Hungary sign tax treaties with each other. ... - Continue reading
The Netherlands’ new DAC6 requirements: what multinationals need to know
Multinationals with European Union operations need to be aware of the DAC6 reporting obligations, especially since there are situations in which multinationals will be required to report cross-border arrangements with local tax authorities. ... - Continue reading
Netherlands announces new policies for resolving cross-border tax disputes
The government has implemented new legislations in order to reform treatment of offshore tax disputes. ... - Continue reading
Cayman Islands: Recovering Illicit Assets Offshore Might Become A Bit Easier
New legislations on assets disclosure are now paving a way towards more tax transparency. ... - Continue reading
Cyprus: Announcement – Cyprus Investment Programme
New declaration for companies operating in Cyprus. ... - Continue reading
Germany announces tax policy goals for Council of the EU Presidency
The German Presidency has put into place new legislations which will help revive the European economy. ... - Continue reading
Poland poised to launch new corporate income tax regime
Government to introduce the so-called Estonian solution. ... - Continue reading
Malta: Reduced Tax And Duty On Transfers Of Immovable Property
Temporary changes in property tax have been announced by the Government. ... - Continue reading
Italy: Italian Supreme Court Confirms Foreign Trusts Should Receive Tax Treaty Benefits
Foreign trusts entitled to tax relief, says Supreme Court of Italy. ... - Continue reading
EU Parliament creates permanent tax subcommittee
Tax justice taken a notch higher by the European Union. ... - Continue reading
US hit for withdrawing from tech tax talks
The USA backs down from talk regarding digital tax, hence engendering disagreements from European countries. ... - Continue reading
Why ‘Digital Taxes’ Are the New Trade War Flashpoint
A further discussion on the possible treatment of digital taxes in today's world where it has its hugest economic presence. ... - Continue reading
Cyprus: Double Tax Treaty Between Cyprus And Kazakhstan Ratified; Will Enter Into Force 2021
Cyprus and Kazakhstan sign double taxation agreement with one another. ... - Continue reading
Higher tax bill for Cyprus businesses after new law
Cyprus is aiming to better tackle tax avoidance by companies through a new legislation. The latter mainly addresses base erosion and profit shifting. ... - Continue reading
German cabinet passes stimulus tax measures
After the 2020 crisis, Germany has taken a few steps to fuel its economy. ... - Continue reading
Germany proposes substantial VAT rate reduction, tax loss carryback expansion
Proposals of expansion of tax loss carrybacks in 2020 from EUR 1 million to EUR 5 million. ... - Continue reading
Belgium to introduce tax loss carryback, recovery reserve in response to pandemic
Belgium comes up with more measures to counteract COVID-19 pandemic. ... - Continue reading
UK: The UK’s Digital Services Tax: Where Are We Now?
The United Kingdom has decided to forge ahead with its implementation of the digital Services Tax (DST). ... - Continue reading
Cyprus: Cyprus Holding Company Advantages
Tax benefits of a holding company in Cyprus. ... - Continue reading
PwC tax guru informs Croats abroad about Croatian tax system and double taxation
What non-residing Croats need to know on the Croatian tax laws and double taxation. ... - Continue reading
Guernsey: Guernsey’s New Mandatory Disclosure Rules Regulations
New income disclosure laws are here for Guernsey. ... - Continue reading
Ireland: Aviation Finance And Leasing Guide 2020
Guidance for the purchase of aircrafts in Ireland. ... - Continue reading
Italy’s Supreme Court rules on VAT treatment of intercompany management fees
Highlights on a recent court case in Italy regarding transfer pricing. ... - Continue reading
Malta: OECD: Tax Implications Of COVID-19
Many offshore issues have been arisen from the pandemic. This has led many countries to take unprecedented measures, and OECD has been walking alongside them to provide guidance - Malta. ... - Continue reading
Cyprus: The End Of Treaty Abuse And A Fresh Start Of Tax Treaty Use – The Multilateral Instrument (MLI)
Cyprus signed the Multilateral Instrument(MLI) earlier this year in an attempt to reform its tax system. This article navigates through the effects of this tax treaty. ... - Continue reading
Cayman Islands: New CRS Form Released And FATCA Deadline Extended
A new CRS compliance form has been issued by the Cayman Islands Tax Information Authority. ... - Continue reading
TAX HAVEN COMPANIES NOT EXCLUDED FROM DUTCH STATE AID
Due to the new pandemic, many countries throughout the world are offering tax relief to their businesses. Unlike a few countries though, Netherlands is not excluding its companies from its government assistance program despite their tax benefits from tax havens. ... - Continue reading
BEPS MLI to enter to force for Czech Republic, Korea
Czech Republic and South Korea ratify the Multilateral Convention to Implement Tax Treaty Related Measures in an effort to fight against Base erosion and Profit Shifting. ... - Continue reading
Italy’s financial transaction tax complies with EU law, court rules
The European Court of Justice judges Italy’s financial transaction tax to be compatible with EU laws. ... - Continue reading
Gibraltar: Gibraltar Ratifies Double Tax Agreement With The UK
Gibraltar and the United Kingdom join hands together to fight double taxation. ... - Continue reading
German finance ministry clarifies transfer pricing proposal
"No price-setting approach", confirms the German Finance Ministry. ... - Continue reading