Bearing in mind that the current Portuguese Government is running its final year in office and 2019 will be an election year, one could consider that the Government would favor tax reductions in its budget. However, the presented budget by the Portuguese Government results in the consolidation of a very high tax burden on families and companies.
Reading, understanding and consolidating the different laws and presenting the information in a user-friendly and easy to follow manner is sometimes a challenge. And, as we all know, the details do matter and informed decisions assist us in avoiding being mis-sold solutions. As such, we hope that you find our summary table helpful.
For the first time in more than 20 years, on liberalist candidate won the elections in Brazil. The economic team, led by Paulo Guedes, has the opportunity to make important changes in the basis of Brazilian economy and the moment is really appropriate.
In order to incorporate a company and in accordance with what it is foreseen in the Law, you may choose one of the two “simple” ways to move forward with it: (i) Through the “On the Spot Firm” or to (ii) “Online Set Up Firm”.
Tax reform in Croatia began in 2016 by amending 13 tax laws and 3 customs laws. The objectives of the reform were to strengthen the investment climate, to increase the disposable income of citizens and consequently to increase consumption through the increase of the non-taxable part of income, to reduce the tax burden on wages through new tax brackets and tax rates, through changes in the system of profit tax by introducing possibility of paying the lump sum tax and by applying the cash principle in calculating profit, and through changes in VAT system by increasing the threshold for entering in the VAT system and other changes.
Following the circular C264 from the Cyprus Securities and Exchange Commission on 20 April 2018, we have updated the Compliance Calendar of Cyprus Self-Managed AIFLNPs published in a previous article.
Since January of the current year the Foreigner and Border Control Service (SEF) have established some new rules regarding the proceeding of submission, instruction and approval of the Golden Visa requests – which will make the process faster and more straightforward.
The digital economy changes our interactions, shopping and business. Digital companies grow much faster than the economy in general, a trend that will continue. Digital technologies bring numerous benefits to society and, from the point of view of taxation, create opportunities for tax administrations and provide solutions for reducing administrative burdens, facilitating co-operation among tax authorities, as well as combating tax evasion.
Portugal is part of the European Union, the Euro Zone and the Schengen area, having, nowadays, a stable political and social environment, a secure society, and a fantastic quality of life.
In a globalized world, the adoption of proper tax avoidance prevention policies becomes every day harder and more complicated and affects tax authorities action plans that need to change according to tax planning strategies.
Greater understanding of the behavioral motive triggered by taxpayers in fulfilling or failing to meet their tax obligations can help the tax administration to adopt approaches that will increase voluntary compliance and which will improve the effectiveness of non-compliance activities.
Cryptocoins - or cryptocurrencies - are virtual trading tools that use blockchain and encryption technology to validate the operations performed. They are decentralized, independent, and stored in electronic addresses created for that purpose.
EU Directive on Administrative Cooperation n. 2016/2258 (so called DAC 5) amends Dir. (EU) n. 2011/16 and enables Member States Tax Authorities to access to anti-money-laundering (AML) information in order to detect the beneficial owner of a transaction in a multi-layer structure.
Danish law firm Kromann Reumert and the University of Copenhagen jointly host the annual Copenhagen EU Tax Law Conference in Denmark, on 21 September 2018.
We get a lot of queries from our EU clients and associates on how EU citizens can become Cyprus tax residents and what the process of obtaining a tax residency certificate is
Two important German tax law changes have been proposed by the German legislator that will have significant impact on the taxation of investors in German real estate. Also existing investment structures will be affected.
A number of tax administrations have long ago established systems or processes aimed at reducing administrative burdens imposed to taxpayers, especially obligations related to tax on labor, including automated reporting on payroll.
Cyprus Self-Managed Alternative Investment Funds with Limited Number of Persons (AIFLNP) - Compliance Calendar Have you ever been in a situation where although you have the competency to perform a task you are unsure what the totality of the task might be? This situation can arise when numerous regulatory requirements are imposed on an organisation and further exacerbated by the almost exponential increase in the velocity of change of these requirements.
