Running an onshore or offshore business can be a tricky task. Regulations and laws between countries vary and one can get easily lost in the amount of information out there. We source the best and up to date news from offshore and onshore world, international tax, accounting and banking industries. On top of that, we share our own thoughts and views on all topics mentioned above. We hope you will enjoy our blog and find it valuable.
The Slovak government has passed on 18 September 2024 a law on a new tax – Financial Transaction Tax. If approved, it will be effective from April 2025 and it will apply to both legal persons and natural persons who are entrepreneurs/sole traders.
What is a gift tax? In the nutshell, it is a transfer tax imposed on the gratuitous transfer of money or property from one individual or entity to another.
Italy’s government has approved increasing the flat tax from 100,00 EUR to 200,000 EUR applied to income earned by wealthy individuals who transfer their tax residency from abroad to Italy under its optional, non-domiciled (‘non-dom’) tax regime introduced in 2017.
Oman is set to become the first GCC (Gulf Cooperation Council) country to implement personal income tax, expected to be introduced in 2025.
International Women’s Day (IWD) has a rich history dating back to the early 1900s, stemming from labour movements fighting for women’s rights.
The move to cancel it is a part of a larger €60 million support package to stimulate the Cypriot economy.
