Jurisdictions news

12.01.2024 Global Minimum Tax

The OECD has released a working paper on the Global Minimum Tax.

11.01.2024 Greek golden visa at the old price

Greece has extended the validity of the Immigration Code until March 31, 2024.

10.01.2024 Is Saudi Arabia getting off the "oil needle"?

Saudi Arabia has placed $12 billion in dollar bonds. It was the kingdom's biggest release since 2017.

09.01.2024 Portugal changes the citizenship law?

The Portuguese Parliament has approved amendments to the country's citizenship law, which will allow residents to start counting down the required five years to obtain citizenship from the date of applying for a residence permit, rather than from the date of its approval.

27.12.2023 Residence permit and work permit in the EU at the same time?

The European Union will simplify the rules of employment for citizens of third countries. Now it will be possible to obtain a work permit and a residence permit at the same time.

14.12.2023 Turkey has launched investigation into speculation in the real estate sector

The Association of the Capital Markets Council (SPK) has launched an investigation into the real estate sector and organizations after large-scale facts of speculation were revealed, especially when selling real estate to foreigners wishing to obtain Turkish citizenship.

13.12.2023 Dubai introduces unified business license

The Dubai Department of Economy and Tourism (DET), in collaboration with the Dubai Free Zones Council, announced the launch of the Dubai Unified License (DUL), a unique commercial identifier provided to all businesses in Dubai in order to simplify various business processes.

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

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).

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).

23.03.2021 Synthesized Tax Convention with Great Britain Has Been Published

The Ministry of Finance of the Russian Federation has published a synthesized version of the double taxation convention with the United Kingdom on its website.

19.03.2021 Amending the Model Tax Convention on the Digital Economy

The United Nations Tax Committee has published an update on the process for amending the UN Model Tax Convention regarding the digital economy.

09.03.2021 Changes in the Accreditation Procedure for Representative Offices and Branches

The Federal Tax Service has published on its website information on forthcoming changes in the procedure for foreign representations and branches to receive accreditation in Russia.

25.02.2021 Replenishment in the black list of the European Union

The European Union is once again updating its list of tax havens. The EU Council has decided to update the list of territories that do not cooperate on tax issues and do not disclose their beneficiaries.

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