The EU puts an end to Virtual Companies November 17, 2022 It is well known the practice of many taxpayers, natural and legal persons, to establish virtual companies (i.e. companies without physical presence and real…
The Tax Reforms in the EU June 30, 2022 In addition to its fiscal nature, taxation is very important for achieving development and environmental goals. Therefore, it must keep pace with rapid economic…
The Special Taxation of Family Offices in the EU May 5, 2022 Family Offices companies can have any legal form (Ltd, SA, etc.) other than that of non-profit legal entities. Family Offices can be attended by…
What applies to VAT on bad debts in the EU April 14, 2022 Under the law, when a company charges VAT on an invoice or other tax document, it has the obligation to reimburse the tax to…
Industry and Tax sector February 10, 2022 A developing country that wants to continue to provide its citizens and businesses, respectively, with opportunities to expand their digital services and platforms, must…
EU Commission Directive to end the misuse of shell entities for tax purposes within the EU January 20, 2022 he European Commission has recently presented a proposal for a directive to combat the misuse of these fictitious companies (shell entities) which are being…
Tax Incentives to Businesses for Advertising Expenses May 20, 2021 To boost consumption and strengthen trade, companies should be given generous tax incentives to carry out advertising costs. For the financial years 2021 and…
How a Company’s Expenses are Recognized in Non-Cooperative Countries or Countries with Preferential Tax Status April 8, 2021 It is a general rule in all countries of the world, where all the costs paid by an undertaking are deducted from its taxable…
Corporate Exit Tax March 11, 2021 The Corporate Income Tax Act (“CITA”) aim to transpose the rules for exit taxation, described in Art.5 of Council Directive 2016/1164 of the European…
