Tax Law and International Tax Law

The tax reform that came into effect in January exemplifies how legal change can simplify, clarify, and enhance certainty without fundamentally altering the system. The reform addressed key areas where uncertainty had previously existed, particularly in relation to corporate tax treatment and compliance expectations, providing clarity on grey areas that could create doubt for companies operating on the island. Rather than overhauling the entire tax system, the reform focuses on certainty and reliability.

Cyprus yacht registration involves more than simple filing procedures, requiring careful attention to ownership eligibility, registration types, prior registry status, and supporting documentation.

Instead, the general principle of substance over form applies to determine the tax classification of an instrument as debt or equity, requiring an economic and financial analysis of each transaction.

Since its introduction in 2012, Portugal’s Golden Visa programme has undergone various changes.

International investors buying property in Portugal increasingly consider the strategic use of finance rather than relying solely on cash.

Major UK tax changes took effect from April 2025. These include the introduction of a residence‑based tax system replacing the non‑dom regime, changes to capital gains tax reliefs, the treatment of furnished holiday lets as standard property, and the continued freezing of personal allowances and thresholds for the 2025/26 tax year.

Italy does not have a system of taxation with a tax free allowance system and therefore tax is paid from Euro No 1.

A record-breaking 142,000 millionaires are projected to relocate internationally this year, with the UK expected to see the largest net outflow of high-net-worth individuals (HNWIs) by any country since global wealth intelligence firm New World Wealth began tracking millionaire migration 10 years ago.

February's Monthly Tax Briefing covers recent developments in tax legislation, including...

Instead, the general principle of substance over form applies to determine the tax classification of an instrument as debt or equity, requiring an economic and financial analysis of each transaction.

In their article "Developments of the Advance Pricing Agreement Procedure in France," Senior Managing Director Emmanuel Llinares and Consultant Sabrine Heller examine recent developments...

In recent years, Cyprus has evolved from a traditionally low-tax jurisdiction into a fully compliant and strategically positioned international business hub.