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Andalusia abolishes most of its inheritance taxes

The Spanish province of Andalusia was widely known for its high inheritance tax rates. Since the tax authorities were assessing the inheritance tax on the theoretical value of the properties concerned (irrespective of the market value) and some properties in Andalusia are difficult to be sold, many families gave up their inheritances because they were not able to pay the inheritance tax due. However, in January 2019, the new centre-right government of Andalusia agreed to change the inheritance tax laws
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Latest articles about Doing Business

The United States and France lobby for a minimum global corporate tax rate

In February 2019, the U.S. Treasury Secretary Steven Mnuchin stated that the United States supports the proposal of France to
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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
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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
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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
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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
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Identity theft – a loss or an excuse for tax fraud?

Losing a house due to identity theft A controversial story related to identity fraud has shaken a small village in
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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
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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
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Latest articles about Living, Citizenship, Residence

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
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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
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Uganda first to introduce a Gossip Tax

The world has witnessed various weird taxes, such as the Russian tax on beards, the tax on Chinese immigrants into
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Belgians pay fines and taxes for showing their national flag

The Belgian national soccer team started their participation in the World Cup in Russia with two consecutive wins, one against
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10 jurisdictions with no inheritance tax

There is a growing social movement arguing that people should become wealthy by working hard, and not by inheriting wealth
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After Brexit, the EU countries will pay more tax to the EU

In a few months, the United Kingdom (UK) will not only leave the European Union (EU), but will also stop
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Types of Investments Needed to Get Residency in Costa Rica

To be able to live in Costa Rica for more than 90 days, you must qualify as well as establish
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Belgian tax authorities cannot screen payment cards

On 2nd of February 2018, the court of first instance in Antwerp announced a ruling prohibiting the Belgian investigative tax
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Latest articles about Estate Planning

Taxation in Georgia

Georgia, a country in the Caucasus region, is located on a crossroad between European and Asian markets. Due to Georgia’s
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Will UK Tax Your Castle?

The UK considers introducing a mansion tax which will target the properties that are worth more than £2 million. The
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Luxembourg Announces Tax Amnesty Plan

Luxembourg has recently announced its first tax amnesty plan for undeclared income. The temporary tax amnesty scheme for 2016-2017 aims
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Dubai Launches Wills and Probate Registry

Dubai International Financial Centre (DIFC) launched a Wills and Probate Registry based on common law. The Registry aims at simplifying
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