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Jurisdictions news

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.

30.10.2023 Kazakh banks will not issue cards to foreigners

The National Bank of Kazakhstan has developed a draft resolution in which it proposed to prohibit the issuance of bank cards to foreigners without a temporary residence permit or a residence permit

27.10.2023 The UAE is leaving the "gray" zone

The UAE has stepped up attempts to get out of the gray list of the Financial Action Task Force on Money Laundering (FATF), where the country was included in 2022.

26.10.2023 Germany allows dual citizenship

The law on dual German citizenship was voted on in the Bundesrat.

24.10.2023 Do you have a cryptocurrency?

The analytical resource World of Statistics published in its profile on the social network X (Twitter) statistics on the use of cryptocurrencies by the population of different countries.

23.10.2023 Will the United States declare crypto exchanges as money laundering centers?

FinCEN (The Financial Crimes Enforcement Network of the US Treasury Department – Approx.) plans to declare cryptocurrency mixers as "money laundering centers" that threaten national security.

19.10.2023 Real estate in the world is getting cheaper

High inflation creates the feeling that real estate is getting more expensive in many countries, but in fact this is not the case. The Global Property Guide portal published a rating of changes in housing prices in 62 countries around the world

17.10.2023 Finland complicates the procedure for obtaining citizenship

The Finnish Government intends to complicate the procedure for obtaining citizenship.

16.10.2023 British banks and sanctions

The Office for the Implementation of Financial Sanctions of the United Kingdom (hereinafter referred to as "OFSI", the "Office") has published updated guidance on sanctions against Russia, including answers to frequently asked questions regarding the circumstances when a UK financial institution receives funds indirectly from or through sub-sanctioned persons.

13.10.2023 The UAE clarifies the provisions of the tax reform

The UAE Federal Tax Administration has published a Guide on Corporate Taxation for Non-residents.

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