Jurisdictions news

11.12.2023 Europe completes work on the AI bill

The EU member states and the European Parliament have reached an agreement on a law that regulates the use of artificial intelligence (AI). This was reported by the Spanish representation in the Council of the EU

08.12.2023 Lisbon – the innovative capital of Europe

The European Commission has announced the winners of the European Capital of Innovation Awards.

06.12.2023 The UK will tighten the conditions for expats to stay in the country

The UK government continues to fight migrants and has announced a new package of measures to reduce visitors to the country.

05.12.2023 Portugal cancels tax benefits for foreigners

Portugal is going to abolish the preferential tax regime (Non-Habitual Resident, NHR), which allows certain categories of foreigners to pay reduced taxes for 10 years after moving to the country.

04.12.2023 Top most expensive cities in the world
The analytical division of the British magazine The Economist (Economist Intelligence Unit, EIU – Approx.) has published a rating of the most expensive cities in the world.

30.11.2023 Cyprus will offer citizenship to "talents" from third countries

A bill on granting citizenship of the Republic of Cyprus to "talents" from third countries was submitted for a vote in the Parliament of Cyprus on November 30.

29.11.2023 Is unemployment rising – is inflation falling?

The US labor market is weakening. The government reported that the number of initial applications for unemployment benefits in the last week was 231,000, up 13,000 from the previous week and the highest in almost three months.

28.11.2023 Will the UAE support the introduction of a Global minimum tax?

The United Arab Emirates has published Law No. 60 of 2023, which amends some provisions of Law No. 47 of 2022 (Corporate Tax Law).

27.11.2023 Luxembourg has declared the wealth tax unconstitutional

The Constitutional Court of Luxembourg, in its decision of November 10, 2023, ruled that the wealth tax regime applied to enterprises contradicts the constitutional principle of equality before the law.

23.11.2023 The USA and Switzerland are moving to mutual automatic exchange

Switzerland and the United States have revised their agreement on the implementation of the American Foreign Account Taxation Act (FATCA).

13.11.2023 Cyprus cancels "golden visas"?

The Audit Service of the Republic of Cyprus has published a report on the results of the audit of the investment program for foreigners who bought real estate or shares of Cypriot companies in the amount of at least 300,000 euros

09.11.2023 Will Cyprus return the funds to the Russian depositor?

The decision of the Limassol District Court concerning the former depositor of Laiki Bank can be described as historic.

07.11.2023 Italy changes tax residency rules

The Council of Ministers of Italy has given preliminary consent to make significant changes to the definition of "tax residence" for both individuals and legal entities.

03.11.2023 EU countries against the Shell Companies Directive?

The directive proposed by the European Union (EU), directed against shell companies, formally being the third revision of the EU Directive 2016/1164 (Anti-Tax Avoidance Directive, ATAD), is becoming less likely to be adopted in in the planned form in the face of opposition from some participating countries.

18.05.2023 The Brazilian Tax Service pays attention to trusts

The Brazilian Government has published Interim Measure No. 1171/23 on the distribution of foreign trust assets. In fact, this measure changes the rules for taxation of income from foreign sources received by Brazilian residents from financial investments and controlled organizations.

13.04.2023 UAE - Corporate tax exemption rules

The UAE Ministry of Finance has adopted Decision No. 43 on exemption from tax registration for the purposes of the Corporate Tax Law.

01.02.2023 EU members did not meet the deadline?

Fourteen EU member States have missed the official deadline set for the implementation of the provisions of Council Directive (EU) 2021/514 (DAC7) into national legislation.

10.08.2022 Central Bank of Cyprus` warning
The Central Bank of Cyprus (hereinafter referred to as the "CBC") has warned that the Limassol–based Sabax Bank has absolutely no license to operate issued by the supervisory authority.

28.10.2021 New FATF "grey List"
The Financial Action Task Force on Money Laundering (FATF) has announced that it is removing Mauritius and Botswana from its "grey list".

26.03.2021 Keeping Track of Your Sales Online

The European Parliament has decided to amend Directive 2011/16/EU on administrative cooperation in the field of taxation (DAC7).

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