European Union: Sales Taxes: VAT, GST

The Italian Revenue Agency has issued a significant ruling clarifying that VAT exemption and customs duty relief for personal property imported during a transfer of residence to the EU may apply even when assets are held through foreign corporate vehicles. This guidance addresses critical questions about possession requirements and asset use for high-net-worth individuals relocating to Italy with pleasure yachts and other personal assets.

Investors in private equity funds pool their capital to acquire equity interests in companies. A fund manager—often a limited liability company (GmbH)—selects, manages, and sells those interests at a profit. In addition to a fixed management fee, the manager receives so-called carried interest (or “Carry”).

Τροποποιήσεις στα Παραρτήματα 5 και 8 του περί ΦΠΑ Νόμου – Παράδοση κτιρίων και μειωμένος συντελεστής ΦΠΑ για οικιστικά ακίνητα

Italy is one of the world's leading destinations for luxury yachts. Every year, thousands of vessels sail through Italian waters, berth in prestigious marinas and enjoy the Mediterranean coastline. Alongside this thriving maritime sector, however, Italian customs authorities have significantly increased inspections involving foreign-flagged yachts, imported vessels and cross-border maritime operations.

European financial sector tax reform is imminent, with the European Parliament and Commission acknowledging that current VAT exemption rules from the 1970s no longer reflect modern fintech business models. Leaders of digital banks, payment companies, and financial platforms face a critical window to influence policy outcomes that will fundamentally reshape their tax obligations and competitive positioning.

A Cyprus tax review is a risk-based assessment of your direct and indirect tax, compliance and resilience by the Cyprus Tax Department.

Malta’s tax landscape continues to develop through a series of legislative amendments introduced under the Budget Measures Implementation Act 2026, together with ongoing implementation...

Purchasing property in Cyprus requires navigating complex legal procedures, regulatory requirements, and due diligence checks that protect both buyers and sellers. Understanding the conveyancing process, from initial contract preparation through title deed transfer, helps international investors and property buyers avoid common pitfalls including undisclosed mortgages, planning irregularities, and delayed title deeds.

La Cour administrative d'appel de Paris a rendu une décision importante concernant la taxe sur les salaires pour les sociétés holding mixtes. L'arrêt clarifie les conditions dans lesquelles une holding peut sectoriser son activité pour le calcul de cette taxe, même en l'absence de sectorisation TVA préalable. La décision examine également les critères permettant de caractériser un secteur financier sans personnel exclusivement dédié.