/Tag:business

New Dutch Tax Plans

After long political discussions and negotiations, four major Dutch political parties reached an agreement and formed a coalition. The new Dutch government will likely be presented to the public on 26th of October 2017. The coalition presented its policy plans for 2017-2021. Together with changes in the fields of employment, education, healthcare, immigration policy, the coalition [...]

Gibraltar introduces a legal framework for cryptocurrency businesses

Introduction Regulation, use, and taxation of cryptocurrencies, such as Bitcoin, are topics that receive an increasing interest among businesses and regulatory authorities. Despite their speculative and risky nature, the number of cryptocurrencies steadily increases. To illustrate the extent of the cryptocurrency buzz, it is sufficient to note that, in August 2017, investors invested more than USD [...]

Costa Rica: interesting for asset protection and tax purposes?

Costa Rica is an attractive investment destination in Latin America for many reasons, including successful economic performance, social achievements, and stable fiscal environment. The most significant feature of the current Costa Rican taxation system is that it operates on the basis of the territoriality principle. Therefore, companies and individuals based in Costa Rica are taxed only [...]

Trump’s Corporate Tax Reform

The controversial US president Donald Trump is about to introduce his game-changing tax reform plan, or, as he calls it, something “phenomenal in terms of tax”. During the election campaign and immediately after the elections in November 2016, president Trump signalled about his plans to cut corporate tax rates in order to help businesses that currently [...]

Importance of China’s VAT Reform

China, one of the world’s most powerful economies, has recently implemented a significant tax reform. In May 2016, the Chinese business tax (BT) was effectively replaced with value-added tax (VAT). The tax reform aims to ease the tax burden on companies and assist the Chinese economy in shifting from labor-intensive manufacturing to service-oriented industries. For a [...]

Georgia amends its Tax Code

Georgia continues to increase its level of attraction as a business hub. On the 1st of January 2017, the latest amendments of the Georgian Tax Code came into force. The new fiscal regime is simplified and made more liberal, in order to stimulate the country’s economic growth. In order to improve its investment environment, Georgia took [...]

Swiss voters reject proposed Tax Reform

On 12th of February 2017, Switzerland held a referendum  federal bill on Corporate Tax Reform III proposed by the government in 2016. The aim of the reform was to bring the Swiss corporate tax system in line with internationally accepted standards. However, the majority of Swiss voters (over 59%) opposed the proposal, thus letting the future [...]

Setting up in the EU after Brexit

Why should British entrepreneurs set up a company in the EU after Brexit? The 23rd of June 2016 is a landmark date in the EU political history. During a referendum held on that day, more than a half of the British voters expressed their wish to leave the European Union. The main reason for Brexit was [...]

Poland reduces Corporate Income Tax

On 1st of January 2017, the new amendments of the Polish Corporate Income Tax (CIT) and Personal Income Tax (PIT) acts entered into force. The major legislative change refers to reducing the CIT rate for small corporate taxpayers and start-up businesses. According to the new amendments, companies which report gross sales of less that EUR 1,2 [...]

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 [...]