/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.

Brussels does not like dancing!!

Brussels Municipality has adopted and enforced tax on ‘usual dancing parties’, which has immediately been called ‘one of Europe’s more obscure fiscal levies’. As result, owners of cafés, bars, and music clubs where dance parties are being held are obliged to pay EUR 0,40 for every person swinging on the dance floor per night. The dancing [...]

Free Zones in Georgia

Georgia, a gateway between Europe and Asia is a compelling jurisdiction, which offers competitive business advantages to start-ups and established enterprises. In order to maintain economic growth, enhance industrial competitiveness, and attract foreign investment, the Georgian government adopted a law providing for the establishment of four free industrial zones in strategic locations, namely, the sea port [...]

Rich Belgians massively move to Switzerland

Belgium witnesses a new emigration tendency. Over the last few years, an increasing number of rich Belgian citizens decided to leave the country and relocate to more tax-friendly jurisdictions, such as Switzerland and Luxembourg. According to the Belgian Federal Public Service of the Interior, more than 22.000 Belgians reside in Switzerland. The reported number has increased [...]

Report Reveals The Top Wasters of Taxpayers’ Money

The World Economic Forum (WEF) regularly assesses the competitiveness of 138 world economies. The assessment encompasses indicators, such as business infrastructure, macroeconomic environment, labor market efficiency, innovation, and efficiency of governmental spending. In this article, we will focus on the latter. Inefficient governmental spending may include, for example, irrelevant research projects, redundant investment in public safety [...]

Belgium fails to reform its corporate tax regime

After long and intense negotiations, the Belgian federal government announced new tax measures, which will become effective on 1st of January 2017. Although the government was planning to reform the corporate tax regime, the new measures do not alter the rate of the current corporate tax (33.99%). The reforms have been postponed for an indefinite period [...]

Golden Visa In Cyprus

In 2016, the Cypriot government revised the laws governing the Golden Visa Program, i.e., a governmental program that allows non-EU citizens who invest in the country to obtain permanent residence in Cyprus. The program aims to attract wealthy foreign citizens to the third most populous island in the Mediterranean. If the program application is approved, permanent [...]

How to arrange a will in Dubai?

A will is a document which explains the manner in which a person’s property will be distributed after his/her death. Deceased’s family members, friends, organisations, and public institutions are the usual beneficiaries of wills. Assets transferred by means of wills may include, for example, money, jewellery, real estate, vehicles, and shares in companies. Expatriates residing in [...]

Citizenship by Investment in Cyprus

In order to boost foreign investment and attract high net worth entrepreneurs, the government of Cyprus has introduced an incentive that allows individuals to obtain Cypriot citizenship in exchange for significant financial investments in the country. The program, which is officially called “Scheme for Naturalization of Investors in Cyprus by Exception”, grants Cypriot citizenship to non-Cypriot [...]

The Gulf Cooperation Council

The Gulf Cooperation Council (GCC) is a regional, political, and economic organization uniting six Middle East monarchies – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The alliance was established in 1981 with the purpose of enhancing the interconnection, coordination, integration, and security of its members. At present, the GCC possesses around 50% [...]

Inheritance Taxation in Bulgaria Extremely Low

Bulgarian citizens who inherit property worldwide and foreign individuals who inherit movable and immovable property located in Bulgaria are subject to Bulgarian inheritance tax. Inheritance taxation in Bulgaria is governed by Articles 29 to 43 of the Local Taxes and Fees Law. Who is paying inheritance tax? The following persons are subject to inheritance tax: (1) [...]