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Taxation Law Articles

Articles written by lawyers and expert witnesses worldwide
explaining the different aspects of Taxation.


Flat Tax in Italy

  March 20, 2017     By Arnone & Sicomo
Flat tax: What is it, how it works and benefits.

End to n Unjust Fine in Hungary?

  March 7, 2017     By Jalsovszky Law Firm
Under current practice the Tax and Customs Administration (NAV) fines taxpayers that are caught with a VAT shortfall even if the budget has...

Due Diligence Process

  March 1, 2017     By Torrente
The due diligence is one of the most important aspects when purchasing a property. There are at least three kind of due diligence.

The Legal Way for a Non-resident to Pay in Currency Buying Property in Ukraine

  February 27, 2017     By Kydalov & Partners
More and more foreigners are considering a possibility to buy property in Ukraine, particularly in large and popular among foreigners cities...

The Anti-Corruption Law and Compliance Programs in Brazil

  February 23, 2017     By M F Ejchel
The Anti-Corruption Act has been approved as a result of the international commitments made by Brazil to confront and fight major local...

Business Succession Post Inheritance Tax Reform in Germany

  February 8, 2017     By GRP Rainer LLP
It was a long time coming before the reforms to inheritance tax became finalized. The legislation has since come into force with retrospective...

European Commission Proposes New VAT Rules to Support E-Commerce and Online Businesses in the EU

  February 3, 2017     By Kinanis LLC
On 1 December 2016, the European Commission has published proposals to improve the Value Added Tax (VAT) environment for e-commerce businesses...

New Tax Transparency Rules for Cross-Border Tax Rulings and Advance Price Arrangements in EU

  February 1, 2017     By KCG Partners Law Firm
New transparency rules entered into force on 1 January 2017. EU Member States are obliged to automatically exchange information through a...

New “European Account Preservation Order” procedure

  January 31, 2017     By KCG Partners Law Firm
The regulation of the European Parliament and of the Council establishing a European Account Preservation Order procedure to facilitate...

Egypt: Value Added Tax (VAT) Law

  January 30, 2017     By Youssry Saleh Law Firm
On 5th of September 2016, the new Value Added Tax (VAT) Law in Egypt has been promulgated and published in the Official Gazette entering into...

Non-resident Beneficiaries of Spanish Assets Have the Opportunity to Apply for a Tax Refund

  January 5, 2017     By Giambrone Law
If you were a beneficiary of someone who left assets in Spain but you were not yourself a resident of Spain you may have paid a higher rate of...

Stamp Duty in Cyprus

  December 30, 2016     By Kaimakliotis LLC
There have been recent amendments to the Stamp Duty Law of Cyprus (Law 19/1963) (the “Law”) with the aim of modernising and simplifying the Law....

Cyprus Investment Firms (CIFs): Directors’ Liabilities in Case of an Offense

The Board of Directors of a CIF shall consist of at least two executive Directors and two independent non-executive Directors. The majority of...

Bulgaria: Costs and Advantages of Business Incorporation

A legal entity in Bulgaria may be used as a suitable vehicle for different purposes, including for outsourcing business development, for real...

Will the Recent Amendment of the Defense Export Control Law Ease the Licensing Process in Israel?

Recently, the Knesset (the Israeli Parliament) approved the Amendment of the Defense Export Control Law, 2016, thus establishing it as an...

Releasing a Car from Customs in Israel to an Entity Other Than the Importer - Who is Liable?

In the following article we will review a case in which a car was imported by personal import, but was released to a person who was not the...

Whom Must the Customs Authority Notify Regarding a Seizure of Goods in Israel?

The Ramla Magistrate Court rejected a claim filed by an importer in order to release goods seized in the possession of a different person as he...

Hong Kong Adopted Restrictive Rules for Obtaining a Tax Residence Certificate

Hong Kong is now challenging the tax substance of special purpose vehicles (SPV) such as intermediate holdings and this is producing great...

Non-Residents’ Income Taxation in Ukraine

The taxation procedure for the income, obtained by a non-resident from Ukrainian source is mainly governed by the Tax Code of Ukraine.

Warning Signs that a Criminal Investigation Is Pending in IRS Cases

  By HG.org
There are various signs that a criminal investigation is on the horizon. These are not the same as civil inquiries. The Internal Revenue Service...

FATCA Issues

  By HG.org
The Foreign Account Tax Compliance Act was issued by the IRS in response to the Hiring Incentives to Restore Employment Act signed by President...

FBAR and FATCA and their Involvement with the IRS

  By HG.org
Foreign Bank and Financial Accounts Report (FBAR) and the Foreign Account Tax Compliance Act (FATCA) are both important acronyms to know when...

Federal Tax Fraud Explained

  By HG.org
Fraud comes in many shapes and sizes. The amount that is taken during fraud crimes is one factor considered when charges are filed and when a...

IRS Criminal Investigations

  By HG.org
The Internal Revenue Service is called when both businesses and individuals are suspected of illegal income, revenue and wage activity. Anyone...

Ways to Avoid Problems with the IRS

  By HG.org
Because criminal investigations initiated by the Internal Revenue Service require resources and time that may be better utilized elsewhere,...

Criminal Consequences Associated with Failing to Report Foreign Bank Accounts

  By HG.org
Reporting foreign accounts in banks is vital to ensure criminal consequences are not issued to individuals filing taxes. Adherence to the...

Criminal Tax Issues and Audits

  By HG.org
Audits tend to occur when there is a suspected tax crime. It is important to ensure a civil examination is accomplished with cooperation, a calm...

Criminal Tax Problems

  By HG.org
When persons work in the United States, it is illegal to not report income after a certain threshold has been reached. This is especially...

Extent that a Financial Institution Can Outsource AML Compliance

  By HG.org
Anti-money laundering compliance is very important to banks and financial institutions per the United States government. Without adherence to...

Act of Production Doctrine

  By HG.org
Documents are the foundation of tax cases where crimes are suspected. Subpoenas are often issued that demand extensive documentation to back up...

Civil FBAR Penalties

  By HG.org
The Report of Foreign Bank and Financial Accounts, known as the FBAR, is assessed by the Internal Revenue Service for civil penalties if...

IRS Voluntary Disclosures

  By HG.org
The Internal Revenue Service provides a variety of voluntary disclosure options to help parties avoid possible criminal action if they come...

The Importance of Choosing the Right Business Entity

One of the first decisions a business owner or practicing professional faces is choosing the best business entity for their organization.

Failing to File a Tax Return and the Willfulness Element

  By HG.org
When someone fails to file a tax return and is then charged with a crime of this nature, they often wonder why they were targeted for this...

Failure to File Charges, Ignorance and Deliberate Ignorance

  By HG.org
If a person fails to file his or her tax return when required to do so, he or she may face significant penalties based on a failure to file...

Auditor’s Approval in Hungary Is No Guarantee that NAV Won’t Fine You

It’s common knowledge that in Hungary, calculation of the corporate tax liability is based on the items recognised in the accounting books. But...

Taxation in Agriculture in Ukraine

The main provisions of the Ukrainian legislation governing taxation in agriculture are embodied in the Tax Code of Ukraine, which regulates the...

Setting up a Company in Cyprus

Having one of the lowest corporate tax rates in Europe and a wide network of double tax treaties, Cyprus is a very attractive and established...

Taxes in Ukraine: Corporate Income Tax

Corporate Taxpayers: Corporate Income Tax (CIT) is paid by the resident companies, which receive income in Ukraine as well as abroad. CIT is...

Reverse Vesting and Holdback – Good News for Entrepreneurs in Israel?

“In this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin strikes again. However, in the world of high tech...

Non Israelis – 10 Essential Tips When Purchasing Residential Property in Israel

Purchasing a residential property is generally one of the most profound, expensive and important decisions you make in your life. Even more so...

Thailand Board of Investment– International Headquarters and International Trading Centres

Thailand’s reputation is that of a business-friendly country and together with foreign investment has made it a leading centre of trade in...

From Business Tax to Value Added Tax – Further Tax Reform in China

On 24 March 2016, the PRC Ministry of Finance (“MOF”) and the State Administration of Taxation (“SAT”) jointly released the Notice on the...

Inheritance Tax Where Estate Includes Real Estate

In succession cases involving real estate, it is particularly important to pay attention to details when it comes to inheritance tax. Those who...

Tougher Approach Against Tax Evasion in Germany – Submit Voluntary Declaration on Time

Germany’s federal and regional state governments want to step up their measures once again in the fight against tax evasion and hang out tax...

India Passes Constitutional Amendment to Pave Way for Goods and Services Tax

The two houses of the Indian Parliament recently passed an historic bill which aims to enact a common goods and services tax (GST) among the...

Tax Evasion in Germany: Voluntary Declaration Requires Professional Assistance

The legislature has deliberately maintained the option for tax dodgers to return to a state of tax compliance by means of voluntary disclosure...

How To Find Out What Is in the Canada Revenue Agency’s Files about Your Audit

  By LexSage
Wouldn’t you like to know what is in the Canada Revenue Agency’s (“CRA”) files concerning your GST/HST audit?

How to Claim Refunds for Overcharged Import Taxes Due to Surveillance Certificate Requirements in Turkey

Ministry of Economy determines certain minimum thresholds for certain products in order to force the exporters to pay higher taxes on the...

Tax Investigators Trawl Through Panama Papers – Submitting a Voluntary Declaration

Tax investigators have apparently been sifting through the Panama Papers in the hope of rumbling suspected tax dodgers. There is still time to...

International Investments in Panama

Panama is a land blessed by God, where you can enjoy on the same day the tropical heat of its beaches and the fresh air from the high lands.

Property Purchase Taxes and Fiscal Benefits in Italy – Purchase of a Luxury Home

  By Torrente
When you purchase a property in Italy, you need to be aware of the amount of taxes you will be required to pay, and at that stage you need to be...

Taxation in Egypt

Tax system :As a result of enactment of the Tax Law 91 for the year 2005, and its amendment by the Presidential Decision No. 96 for the year...

Enhanced Life Estate Deeds in Florida

Enhanced life estate deeds, commonly known as “Lady Bird Deeds” provide a legal mechanism for property to pass automatically to a person or...

Implementation of BEPS Project in Hong Kong and its Implications on Transfer Pricing Rules

The Commissioner of Hong Kong Inland Revenue Department recently commented on the implementation of BEPS project in Hong Kong, particularly in...

Invest in Hong Kong to capture Belt and Road opportunities

China is taking forward the Belt and Road initiative, the national strategy for long term development. It is certain that the emerging markets...

Hong Kong still Takes the Lead in Corporate Treasury Centre – Analysis from Tax Perspective

The Singapore Government has recently announced in their budget that, the concessionary tax rate for corporate operations that qualify as...

Tax Implications of Brexit

Leave or Remain? We will know the answer today! One can imagine that if UK leave the EU, the country is very likely to have their own tax and TP...

According to European Commission and Deloitte, Belgium is a Heaven for Business and Tax Immigration

  By Lexial
There is a Belgian paradox insofar as, every year, Belgium is ranked by OECD among the highest taxed countries, based on the ratio of the tax...

Inheritance Tax Reform Must be in Place by June 30, 2016 in Germany

The reforms to inheritance tax need to be in place by June 30, 2016, yet company heirs in particular still do not know what burdens they will be...

Double Tax Treaty between Cyprus and Latvia signed

The Republic of Cyprus and the Government of the Republic of Latvia signed in Brussels, on 24 May 2016, a Treaty for the Avoidance of Double...

Panama Papers – Voluntary Disclosure in Response to Tax Evasion in Germany

The so-called “Panama Papers” have the potential to reveal tax evasion on a massive scale. German tax evaders can return to a state of tax...

Cyprus – India Double Taxation Agreement “Concluded in Principle”

According to reports in the Indian media, the Cyprus foreign ministry has confirmed that the Cyprus authorities have informed their Indian...

Taxes in Hungary: More than a Lot

According to [some] calculations there are presently 60 taxes in force in Hungary. Value added tax accounts for 25% of central tax revenues...

Home Underwater? Four Steps You Can Take to Improve Your Situation

Unfortunately, many people are still suffering from the housing market crash that began in 2006. It’s particularly painful if you owe more on...

Innovative Employee Incentives – Are They at the Doorstep?

One of the most efficient ways to motivate employees is to make them owners. In Hungary, however, plenty of legal and tax obstacles have...

Amendments to the Cyprus Tax Laws to Promote Restructuring

ln December 2015 the Cyprus tax laws were amended to temporarily exempt loan restructurings from tax in order to facilitate and encourage the...

International Forwarder is Not Responsible for a Delay in the Release of Goods Due to the Holiday Season in Isreal

We will review the case of a bicycle and electric vehicles importer ("the importer"), who hired the services of a forwarding and customs broker...

Problems of filing reporting on controlled transactions in 2016 in Ukraine

According to the requirements of the Tax Code of Ukraine taxpayers, whose amount of controlled transactions with one counterparty exceeds 5...

A Customs Debt Notice which Is Not Backed by Tangible Evidence May Be Annulled in Israel

The Tel Aviv Magistrate Court determined that an importer proved his claim regarding the essence of the goods and accepted the importer's...

Illicit Funds in Offshore Accounts: Avert Prosecution with Timely Voluntary Declaration in Germany

Hesse’s Finance Minister, Dr. Thomas Schäfer, has announced that the fight against tax evasion will continue. Voluntary disclosure is still the...

Declaring and Re-Declaring of Bulgarian Properties in the Local Municipality

Importance of declaring both of the spouses in the property declaration.

Agreement on the Avoidance of Double Taxation between Cyprus and Ethiopia

On the 30/12/2015, The Government of the Republic of Cyprus and the Government of the Federal Democratic Republic of Ethiopia have signed the...

Scholz Holding GmbH: Deferred Payment of Interest

Investors in Scholz Holding GmbH bonds will not receive an interest payment on March 8. The due payment has been deferred until May 31, 2016.

Untaxed Income from Capital in Foreign Accounts – Voluntary Disclosure in the EU

Be it Liechtenstein, Austria or Switzerland, many tax havens have had their day. Anyone who still has untaxed income in foreign accounts ought...

Distant Trade in Ukraine of Non-resident Companies: Features of Tax Regulation

Remote trading in Ukraine is developing rapidly, created favorable conditions, therefore it would be reasonable it would be prudent for many...

The Payable Tax Under the Egyptian Law

Under the Egyptian law there are different taxes that shall be paid for different transactions, estates’ registration and income tax.

Tax Compliance Management Systems for Businesses in Germany

Complex tax legislation and changes to the rules can result in mistakes being made by businesses when it comes to tax matters. An efficient tax...

Tax Evasion: Automatic Exchange of Information to Trigger New Wave of Voluntary Declarations - Germany

Anyone who has evaded taxes is still able to submit a voluntary declaration that can lead to immunity. With the help of a successful voluntary...

Time to Pay Attention to Anti-Dumping Petitions in Taiwan

Since December 2015, U.S. steel producers have filed cases charging foreign competitors with dumping products, U. S. government has twice...

The Non-Operating Foreign Companies in Jordan

According to Jordanian Corporate law, the non-operating Foreign Company in Jordan is a Company or an entity which has its regional or...

Recovering Your Romanain Investment

Companies have been formed in the past for many reasons in Romania. Over the past few years the Romanian Trade Registry has endeavoured to clean...

Value-Added Tax in Egypt

Value Added Tax (VAT) is the tax on the amount by which the value of an article/item has been increased at each stage of its production or...

What Happens If I Don’t Pay Taxes for Several Years?

  By HG.org
People may not pay taxes for a variety of reasons. They may think that they will not owe anything and the cost to prepare them will outweigh...

What Tax Will You Pay On Company Incorporation in Romania

One of the current most challenging issues on the incorporation of a company in Romania is the immediate tax impact on the company and its...

Amendments to the Tax Legislation of Cyprus

New laws have recently been enacted in Cyprus, effecting important changes to the Income Tax Law and Capital Gains Tax Law. In addition, a...

What Your Child Custody Arrangement Means for Your Tax Return

You may be ready to start your taxes. You’ve collected your W-2, 1099’s and other documents. You have last year’s tax form for guidance. But, if...

Defense Export Supervision - Obtaining a Marketing License in Israel

At the end of 2007, the Defense Export Control Law, 2007 (hereinafter: the "Law") entered into effect.

Boundaries of Allowed and Forbidden in Parallel Import in Israel

Parallel import in Israel is a growing and expanding phenomenon. Many brands are imported not only by official/exclusive importers, but by other...

Hong Kong has Signed Double Tax Agreement with Russia

Hong Kong and Russia have entered into a Comprehensive Double Tax Agreement (“CDTA”) on Jan 18, 2016. This is the 34th CDTA that Hong Kong has...

Stamp Tax on Transactions by Electronic Means in Buenos Aires

On January 1, 2015, Law No. 5493 entered into force, introducing amendments to the Tax Code of the Autonomous City of Buenos Aires (“TC”)...

Certificate of Origin under Trade Agreements - Prospects and Risks in Israel

Those who are engaged in the import of goods from countries with which Israel has entered into trade agreements, enjoy customs exemption on a...

Israel Import Taxes: New Voluntary Disclosure Procedure

On September 7, 2014, the Israel Tax Authority published a new procedure for voluntary disclosure of previously unreported income and assets, as...

Doing Business in Cote d’Ivoire: New Steps for a More Attractive Business Climate

On regional level, Cote d’Ivoire belongs to three major regional entities: The Economic Community of West African States (ECOWAS), The...

Doing Business in Cameroon: Key Issues to Be Aware Of

Cameroon is described as the largest economy of Central Africa because of its demographics (20 million), with an area of 475,442 km², and a...

Landmark Case Confirms the Tax Exemption to the Internal Reorganization of an Economic Group in Argentina

On September 7th, 2015, the Federal Court in and for the City of Mar del Plata ruled in favor of the merger between business entities owned by...

December 2015 Amendments to Cyprus Tax Laws

In July 2015 the Cyprus government submitted a number of draft laws to parliament to implement the new provisions of the EU Parent-Subsidiary...

Hong Kong Strives for Becoming the Hub of Corporate Treasury Centres with Attractive Tax Incentives

Nowadays, owing to the growing importance of the Asian market, multinational corporations are encouraged to set up their corporate treasury...

Tax Evasion in Germany: Time Is Running Out for Voluntary Disclosure

Be it as a result of the purchase of CDs containing information on tax evaders or cooperation among countries, things are becoming increasingly...

Tax Evasion in Germany: Investigators’ Nets Becoming Ever More Tightly Knit – Voluntary Disclosure Loophole

Whether it be untaxed illicit earnings or untaxed income from capital, tax evaders are taking a big risk. They can address the risk of being...


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