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.
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.
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.
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).
As of 1 July 2013 Croatia has become a member of the European Union, but what kind of tax benefits can its accession provide?
Lionel Messi, the world famous FC Barcelona player and his father have been charged with tax fraud in Spain.
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.
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.
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.
In December 2012, the Luxembourg Parliament approved the 2013 Budget and Tax Package which includes several tax changes connected to companies and individuals.