As mentioned in our previous article on 18 July 2024, Oman is set to become the first Middle East country to launch personal income tax, originally from January 2025, however its launch has been postponed to approx. 2026 due to the need for further analysis. Oman has recently issued a new draft of PIT with […]
In the first two parts of this series, we looked at Luxembourg’s unregulated and regulated investment vehicles. In this final part, we turn to the third category: indirectly regulated vehicles, whose supervision by the Commission de Surveillance du Secteur Financier (CSSF) operates not at the level of the fund itself, but at the level of […]
It is good to return to a home country. Once in a while. It is also good to be able to leave. I have just spent 10 days in my beloved Slovakia, with my parents and sister experienced one of the most peaceful and beautiful Christmas that I remember. Yes, time works wonders, a person […]
In Part 1 of this series, we looked at Luxembourg’s unregulated investment vehicles, in this second part, we turn to regulated investment vehicles – funds which require prior authorisation by the Commission de Surveillance du Secteur Financier (CSSF) and remain subject to its ongoing prudential supervision. Regulation brings higher set-up and running costs, but in […]
The Intellectual Property (“IP Box”) regime in Cyprus offers one of the most attractive frameworks in Europe for companies and individuals seeking to monetize its intellectual property rights. Under this regime, qualifying IP assets — such as patents, software, and other copyrighted innovations — benefit from significant tax advantages through an 80% exemption on qualifying […]
The Slovak government has passed on 18 September 2024 a law on a new tax – Financial Transaction Tax. If approved by the Parliament, as it is expected, it will be effective from April 2025 and it will apply to both legal persons and natural persons who are entrepreneurs/sole traders. Essentially, the transaction tax will […]
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. To be considered a gift, the transfer must be made without full compensation or at a value less than its market worth. Estate planning frequently uses […]
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. This non-dom tax regime aims to help Italian sluggish economy by attracting wealthy foreigners to […]
Oman is set to become the first GCC (Gulf Cooperation Council) country to implement personal income tax, expected to be introduced in 2025. While analysts foresee other GCC nations eventually adopting similar taxes, the United Arab Emirates (UAE) has confirmed that as of now it has no plans to introduce personal income tax, emphasizing its […]
International Women’s Day (IWD) has a rich history dating back to the early 1900s, stemming from labour movements fighting for women’s rights. Initially focused on issues like suffrage and workplace equality, IWD has evolved to encompass a wider range of concerns. Today, it is a global platform to celebrate women’s achievements and raise awareness of […]
