Category: Individuals
Romania implements new rules for establishing tax residence
New Romanian legislation in force for foreign legal entities. ... - Continue reading
8 Best Tax Haven Countries to Open an Offshore Bank Account
When it comes to the greatest offshore bank accounts, people will give you a lot of different recommendations. This isn't to say that some of them are incorrect. There are simply a plethora of possibilities available. ... - Continue reading
Poland APA statistics reveal alarming trends
Poland’s National Tax Office has published statistics for its advance pricing agreement (APA) program, updated for 31 December 2020. ... - Continue reading
7 Ways You’re Accidentally Committing Tax Fraud
Not every fraud artist is a sketchy identity thief or faux Nigerian prince from the dark corners of the internet. In fact, you might end up committing accidental tax fraud or accidental tax evasion yourself if you don’t pay careful attention during this tax season. ... - Continue reading
COVID-19 and tax treaties: the updated OECD guidance
The new situation has created questions about the application of the existing tax treaty rules. For example, new taxing rights over an employee’s income may arise in a jurisdiction if an employee changes work location because of the COVID-19 restrictions. ... - Continue reading
UK seeks feedback on proposed VAT changes that reflect digital platform “sharing economy”
The UK’s HM Treasury has requested public feedback on whether the VAT rules should be changed to account for the new “sharing economy,” facilitated by online digital platforms like Uber and Airbnb. Comments are requested by March 3, 2021. ... - Continue reading
Denmark had highest tax burden in 2019 among OECD members: report
COPENHAGEN, Dec. 4 (Xinhua) — Denmark tops the list of countries with the highest tax burden, according to a new report released by the Organization for Economic Co-operation and Development (OECD), which assesses the tax burdens in the world’s 37 most developed countries. Denmark had the highest tax to GDP… – Continue reading
FNCCI demands repeal of double taxation system
The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) urges the government to review its double taxation laws as the private sector finds itself badly affected by the pandemic. ... - Continue reading
This week in tax: EU VAT, Glencore and Making Tax Digital
As the UK moves ahead with Brexit, businesses across the EU are trying to overcome the difficulties of complying with EU tax law and the increasing likelihood of UK tax law breaking with those same standards. ... - Continue reading
United States: OCC Concludes That National Banks May Provide Cryptocurrency Custody Services
On July 22, 2020, the Office of the Comptroller of the Currency ("OCC") concluded in Interpretive Letter #1170 that national banks may provide cryptocurrency custody services to customers in both a fiduciary and non-fiduciary role. ... - Continue reading
