Dubai becomes more crypto-friendly

The Dubai Multi Commodities Center (DMCC), a renowned economic free zone in Dubai is to allow licensing for firms that offering, issuing, listing and trading crypto assets.

The licenses will be offered by the specialized DMCC Crypto Center after being pre-screened by the Securities and Commodities Authority (SCA).

The move is seen as a step towards achieving the goal set in the national strategy to make the Dubai “the first city in the world fully powered by blockchain” and it will make easier for crypto and blockchain businesses to set up and operate in Dubai.

If you are interested in crypto license in DMCC, please contact us 24/7 for more details.

Slovakia’s new financial transaction tax

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.

Gift Taxation (in brief)

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 doubles flat tax in a surprise move

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 to introduce personal income tax

Oman is set to become the first GCC (Gulf Cooperation Council) country to implement personal income tax, expected to be introduced in 2025.

Dubai becomes more crypto-friendly

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Slovakia’s new financial transaction tax

Gift Taxation (in brief)

Italy doubles flat tax in a surprise move

Oman is to introduce personal income tax

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Slovakia’s new financial transaction tax

Gift Taxation (in brief)

Italy doubles flat tax in a surprise move

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