With a stroke of pen, the federal budget for the 2022-23 fiscal also closed a much-exploited loophole through which many individuals simply avoided paying taxes in any jurisdiction, and hence lived a tax-free existence. To be considered liable to pay tax in Pakistan, one has to spend at least 120… – Continue reading
IN 2021, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) 14-2021 and Revenue Memorandum Circular (RMC) 77-2021, which streamlined the procedure for the availment of benefits under the applicable tax treaty. ... - Continue reading
New Romanian legislation in force for foreign legal entities. ... - Continue reading
Bad news for travellers stuck in Spain due to the COVID-19 lockdown! ... - Continue reading
Now that the day for Britain to officially leave the European Union is approaching, UK nationals seeking Cypriot residency might wish to accelerate their efforts. This article acts as a guide to this process. ... - Continue reading
Guidance for South Africans to gain residency in Portugal. ... - Continue reading
Information on tax residency in Australia. ... - Continue reading
Some bad news for NRIs who are stuck in the lockdown. ... - Continue reading
On 23 March 2020, the Irish Revenue released its programme meant to relieve tensions around tax residence and permanent establishments. The reason? - you guessed it right - COVID-19. Here's more. ... - Continue reading
Clarifications regarding Aliyah for Canadian residents. ... - Continue reading
All about residency, education and tax filing in Canada. ... - Continue reading
Restrictions generated from the new pandemic is affecting a whole range of activities. This article focuses on its effects on tax residency in Netherlands. ... - Continue reading
Adjustments in laws in Guernsey and Jersey following the COVID-19. ... - Continue reading
Budget 2020 and taxation of non-resident Indians. ... - Continue reading
Thousands of Australian expats have until 30 June to sell their family homes or face being slapped with a hefty tax after the government reversed its position for exemptions. ... - Continue reading
Guidance to get a passport in Vanuatu for 2020. ... - Continue reading
World's high net-worth individuals targeted by the Greece government through new programme. ... - Continue reading
A new residency programme has been implemented by the Bahamas' Ministry of Financial Services. ... - Continue reading
An exploration into the drawbacks to the very glossy 'Golden Visa Schemes' ... - Continue reading
The MLI enters into force for Canada from December 1, 2019. ... - Continue reading
Is it true that if I become Italian I have to pay taxes in Italy? “I am a U.S. citizen and I plan to move my residency to Italy. I will continue working remotely for my U.S.-based company and will continue paying my taxes in the U.S. What should I… – Continue reading
The Republic of Vanuatu is a group of islands in the Pacific. The country exists by growing fruits, fishing, and tourism. In 2016, the government introduced the program of achieving local citizenship through investment to increase the flow of external finance. Foreign businessmen want to get a second passport in… – Continue reading
The Law Firm of G. Vrikis & Associates LLC has been representing numerous clients in their application for Permanent Residence Permits in Cyprus. The below is a brief outline of the key provisions and documentation required for such an application to proceed further. ... - Continue reading
With the passing of Finance Bill 2019, NRIs will have to disclose such gifts received and pay tax on it as per the tax rules applicable ... - Continue reading
For foreigners working in Vietnam, determining the applicability of personal income tax (PIT) involves decoding a number of rules. Following this, foreign workers need to calculate their precise liability and any applicable deductions. ... - Continue reading
Here are a few countries where cryptocurrencies are not taxed under some or all circumstances ... - Continue reading
Funds may lose tax benefit after rule amendment. Mumbai: The Mauritius government’s proposal to amend tax residency rules for companies is giving jitters to foreign funds operating from the tax haven. Mauritius has recently announced that it is amending rules for determining tax residency for companies so that a company… – Continue reading
Ivan Pelle, one of the Founders and Executive Director, expert in International Taxation at Recontam Global Network (RGN) is on a mission to make its clients and partners aware of the rollout of CRS and AEOI across Asia-Pacific and how this might affect tax planning and investment strategies. He addressed… – Continue reading
Muscat: Oman, in line with its commitment to align itself with international best practices in tackling cross-border tax evasion and meeting the standards set by the European Union (EU) and the Organisation for Economic Co-operation and Development (OECD), is currently in the process of issuing regulations for automatic exchange of… – Continue reading
Here are some factors about offshore trusts that you need know. ... - Continue reading
High Court sets aside section 197 order due to absence of prima facie evidence of tax avoidance Rejects factors such as lack of business activities and administrative expenses as conclusive of sham transactions Holds that a detailed inquiry can be conducted during normal assessment Directs refund of withheld tax subject… – Continue reading
The Anderson County Assessor’s Office this month discovered that a Greenville County leader who owns a home on Hartwell Lake in Anderson underpaid by about $3,900 a year on his property taxes between 2009 and 2018. Calling it an oversight, Greenville County Councilman Ennis Fant said he would work with… – Continue reading
