Iven De hoon

About Iven De hoon

Iven De Hoon wrote a number of books and articles on taxation. His trademark is a smooth, open style. Even the toughest subjects become understandable and captivating. Next to asset planning, his biggest passion is international taxation, especially everything offshore. He has, without a doubt, become the offshore specialist of the Benelux.

Payment transfers to and from EU countries that do not use euro will become cheaper

The European Union adopted amendments to Regulation No 924/2009 that will allow EU countries that are not members of the eurozone to benefit from the very low cross-border fees applying in the eurozone. The eurozone, also known as the euro area, is a monetary union of 19 EU countries which use the euro as their Read more...

The post-Brexit UK may be based on the Singapore model

Introduction According to Jeremy Hunt (the UK Foreign Secretary), Singapore can serve as a model for the post-Brexit UK. In an article written by him for Daily Mail in December 2018, he discusses the history of Singapore and admires its transformation “from a tiny territory devoid of natural resources into the world’s eighth-richest country”. But Read more...

Poland decreases its corporate tax rate in specific cases

On the 1st of January 2019, a new Polish tax legislation entered into force. It reduced the corporate income tax rate to 9% for taxpayers having revenues equal or less than EUR 1,200,000. The new legislation raises concerns which will be examined in more detail below. False claims that the new corporate tax rate is Read more...

By |In The Spotlight Home|

Bulgaria – the 2nd largest Bitcoin owner in the world

Finding a treasure In the recent news, Bulgaria came up as the country holding the second largest amount of Bitcoins in the world. The surprising statistics relate to the fact that the Bulgarian government owns at least 213.000 Bitcoins. At the current rates, the value of those Bitcoins is over 804 million US dollars. If Read more...

Multinationals prefer low-tax over no-tax countries

Changing paradigms In the last five years, there has been a steady increase of the number of multinationals who prefer to register their subsidiaries in low-tax jurisdictions, and not in no-tax jurisdictions. In this regard, Allen Tan, the leader of the tax practice division of a leading law firm in Singapore, stated: “The days of Read more...

EU cuts the blacklist of tax havens

On the 2nd of October 2018, the Council of the EU revised the EU’s list of non-cooperative tax jurisdictions. During the revision, 3 jurisdictions, namely, Liechtenstein, Peru, and Palau, were removed from the so-called “EU blacklist of tax havens”. Liechtenstein and Peru were de-listed because they were admitted as compliant with the commitments regarding international Read more...

Greece uses drones to find tax fraud

The Greek tax authorities announced that they used surveillance drones to document tax violations on the island of Santorini. The drone operation lasted one day and aimed at collecting evidence indicating that operators of nine tour boats were not giving tax receipts to their customers. The collected evidence revealed 145 tax violations amounting to 25,000 Read more...

By |Living|

Italy plans a 10-year tax holiday for residents of Sicily, Sardinia and Calabria

People who dream about spending more time in Southern Italy, enjoying its delicious cuisine and sunny climate, may get a new tax-friendly opportunity. The Italian government has proposed a 10-year tax break for Italian and foreign retirees who move to live in the southern regions of the country, namely, Sicily, Calabria, and Sardinia. The new Read more...

By |Living|

Georgia – Free Zone destination

What is a Free Zone? A Free Zone is a part of the territory (in this case of Georgia) with defined borders and a special status granted by law. The main feature of the special status for a Free Zone, usually implies tax privileges. Free Zones are used as a Foreign Direct Investment („FDI“) attraction Read more...

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