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British Virgin Islands
Carey Olsen
This guidance note has been prepared in relation to: (1) the Economic Substance (Companies and Limited Partnerships) Act, 2018; (2) the Economic Substance...
Harneys
On 7 March 2024, the British Virgin Islands was removed from France's blacklist of non-cooperative tax jurisdictions, as announced in an official statement by BVI Premier Dr Natalio D Wheatley.
Harneys
Despite initial plans to launch the payment component in January 2024, unforeseen circumstances have led to a delay in its deployment. During this period, users are urged...
Cayman Islands
Harneys
In March 2024, the Cayman Islands' Department for International Tax Cooperation (DITC) issued a bulletin containing important updates regarding the Common Reporting Standard (CRS)...
Cyprus
McMillan Woods
In Cyprus, a company is required to register for VAT (Value Added Tax) with the tax authorities when its taxable turnover exceeds or is expected to exceed €15,600 within a 12-month period.
KPMG in Cyprus
In the context of achieving the objectives of the European Green Deal, the Ministry of Finance proposed two new bills which might come into effect as early as April 2024.
Gibraltar
The Sovereign Group
Whether you represent a company looking for a tax efficient investment location or an international business seeking a strategic UK presence, Gibraltar offers a range of features and benefits for establishing a corporate entity.
Jersey
Carey Olsen
The principle that the courts of one jurisdiction will not collect the tax of another is a longstanding tenet of law in many legal systems around the world.
Luxembourg
Loyens & Loeff
Luxembourg is not only a well-known fund hub but it is also a very attractive jurisdiction for holding or financing special purpose vehicles (SPVs), which attracts...
Loyens & Loeff
On 25 March 2024, the Luxembourg tax authorities released guidance in the form of FAQ on the recognition of pre-regime deferred tax assets and liabilities under the Luxembourg Pillar Two rules.
Malta
The Sovereign Group
With a potential internal market of 450 million consumers, the European Union is one of the biggest markets in the world.
Finance Malta
Legal notice LN32 of 2024 entitled ‘The European Union Global Minimum Level of Taxation for Multinational Enterprise Groups and Large-Scale Domestic Groups Regulations 2024.
Finance Malta
Bank of Valletta today announced its performance for Financial Year ending 31st December 2023, registering a profit before tax of €251.6 million.
Dixcart Group Limited
Malta, a sunny island nation in the Mediterranean, has been steadily growing its economy and establishing itself as an attractive destination for businesses, as well as being a wonderful place to live.
Philippines
SyCip Salazar Hernandez & Gatmaitan
Republic Act No. 11976,is a new law that introduces key administrative tax reforms and amendments to several provisions of the National Internal Revenue Code of 1997, as amended to reduce tax compliance costs ...
United Arab Emirates
BSA Ahmad Bin Hezeem & Associates LLP
L'Autorité Fédérale des Impôts, l'entité gouvernementale responsable de la gestion, de la collecte et de l'application des impôts fédéraux aux Émirats Arabes Unis...
Alvarez & Marsal
Insurers have historically been reluctant to provide coverage on tax matters for deals in the Middle East, often excluding tax altogether from insurance policies.
Worldwide
Harneys
On 2 April 2024, the BVI International Tax Authority (ITA) published version four of its economic substance rules and explanatory notes (the Rules)...
Loyens & Loeff
US Fund Managers ("USFM") usually rely on the Luxembourg special limited partnership ("SLP") as a fund vehicle to raise capital in the EU.
Loyens & Loeff
Loyens & Loeff New York regularly posts ‘Snippets' on a range of EU tax and legal topics. This Snippet describes Luxembourg transfer pricing (‘TP')...
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