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The Court of Justice of the European Union (CJEU) has consistently reinforced that a taxpayer’s right to deduct input VAT incurred is fundamental and that any conditions placed on it should not affect its efficacy and basic application .

EUCED - European Network for Economic Cooperation and Development, is a European Economic Interest Grouping (EEIG), as per EU Council Regulation # 2137/85, established for European and worldwide economic and development operations.

Tax Reform, like the Social Insurance Reform and the Labor Reform, is not, by any means, a new discussion amongst Brazilian politicians, economists and legal experts.

Following the introduction of MiFID II and the repeal of certain Directives of CySEC, certain regulatory reporting requirements which were explicitly stipulated by the Law and its Directives are either not included in the new framework or, if included, the reporting time-frame is not explicitly specified.

The concept of the permanent establishment is fast approaching its hundredth year. When it was firstly shaped, it was destined to serve specific policies by tackling certain inconveniences. In order to achieve that, the economic climate (the business status quo) had to be taken into account, so as for the given regulation to be adjusted. All the above happened and the result was brilliant.

The economy that you see before you today is vastly different from the one we had in the 20th Century. Advancements in technology have not only increased the pace of progress in modern societies but have also rendered entire job categories and industries entirely redundant. This is the new age we live in. Despite these advances, global taxation rules are still struggling to keep pace with the advent of new technologies.

The Portuguese Government incorporated in the Portuguese Immigration Law a new type of visa, called the Start-up Visa. This visa is a residence visa for non-EU-Schengen start-up founders who want to be part of one of the fastest developing start-up communities in Europe - Portugal.

A number of changes in the market are indicating that a consolidation of the professional services sector (which includes Law Firms, Accountants and Fiduciary Companies) in Cyprus is imminent. In an ever changing world and at an increasing speed this may be inevitable, yet it also means that early action is key to successful transition.

Binding rulings provide legal certainty for taxpayers, for example by explaining how to interpret and apply national tax legislation on transactions and structures in complex situations that can be purely domestic or cross-border. Legal certainty is an important factor in making economic or investment decisions.

By the end of 2018 the Brazilian government created a new way to interact with taxpayers, a mechanism to prevent tax advantages for companies over their competitors. With the new system, a company can inform the authorities if another market participant has obtained a court decision to pay less taxes.

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.

Subject to constant appreciation by Brazilian Administrative Courts, tax planning operations has gained bigger, and better defined, contours.

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.