Andorra will also send the financial information of bank account holders
Andorra signed the agreement on financial transparency (based on the OECD AEoI) with the European Union. The aim of the accord is to prevent clearly the citizens of the EU member states to hide their wealth in the city-state.
CROATIA IN THE EU
As of 1 July 2013 Croatia has become a member of the European Union, but what kind of tax benefits can its accession provide?
CYPRUS ADOPTED NEW TAX REGULATION
The Cypriot Parliament voted a number of changes in the laws on 18th of April 2013 as part of the agreement concluded with ESM and IMF for financial assistance to Cyprus but it maintains important tax advantages.
FACILITATION OF CYPRUS TAX LAW 2013
Cyprus reduces the administrative costs of businesses in Cyprus.
FLEXIBLE COMPANY LAW IN THE NETHERLANDS
The aim of the new legislation was to make flexible the elaborate corporate law.
HUNGARY CONCLUDED NEW DOUBLE TAX TREATIES
With effect from January 1, 2013 Hungary concluded three new double tax treaties between Denmark, Qatar and Georgia. With this, Hungary is having effective double tax treaties with 74 states now.
HUNGARY OFFERS EU VISA-FREE STATUS
As of the 28th of December 2012, Hungary has implemented a new investment program for obtaining permanent residence permit, which may serve as an exquisite entry for non-European investors to the European Union.
Monaco also shares financial information
Monaco and the European Union agreed on mutual introduction of automatic tax information exchange, the principality will share the information of the bank account holders to the national tax authority of their tax residence.
RESTRICTIVE MEASURES IN CYPRUS
Partly preceding partly following the negotiations conducted between The European Central Bank-European Commission-IMF troika the House of Cyprus Representatives has voted important and substantial changes, which also affects international businesses.
RESTRICTIVE MEASURES ON TRANSACTIONS IN CYPRUS
The financial institutions reopened in Cyprus, however to ensure the stability of the financial sector the Central Bank of Cyprus (CBC) released temporary restrictive measures on banking transaction.
TAX CHANGES IN LUXEMBOURG
In December 2012, the Luxembourg Parliament approved the 2013 Budget and Tax Package which includes several tax changes connected to companies and individuals.
THE FORGOTTEN COMPANY - EUROPEAN PLC
The European PLC is based on EU rules that give companies the option of forming a European Company since 2004 – formally known by its Latin name ‘Societas Europeae’ (SE).
WAS MESSI PLAYING TRICKS WITH ROYALTIES?
Lionel Messi, the world famous FC Barcelona player and his father have been charged with tax fraud in Spain.