HG.org Legal Resources
  • Find Legal Articles
Expert Witnesses

Taxation Law Articles

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


German Tax Evasion: Retroactive Group Inquiries Increase Risk of Detection – Voluntary Disclosure

Tax dodgers who have already closed their accounts with untaxed income from capital in Austria or Switzerland still need to worry about...

Import Duties in Bosnia and Herzegovina

Indirect Taxation Authority is responsible for the collection of all customs duties.

Voluntary Disclosure Is the Only Solution to Tax Evasion in Germany

Ever since the first CD on tax evaders was purchased in 2006, the number of voluntary declarations concerning tax evasion has risen...

Time Is Running Out for Concealed Untaxed Income from Capital in Germany – Voluntary Disclosure on Account of Tax Evasion

It is now almost impossible for untaxed income from capital in foreign accounts to remain concealed from the German exchequer. As long as the...

Incorporation of a Cyprus Company – Legal Aspects and Advantages

The formation of a company in Cyprus is a simple and straightforward process and offers huge tax advantages.

Cyprus International Trust

A Trust is an arrangement whereby a person known as the ‘Settlor’ transfers ownership of property to another person or persons, the 'Trustees’...

China’s “One Belt One Road” Provides Catalyst for Hong Kong Taxation Reform

According to the China central government’s 13th five-year plan, it has showed its full support for Hong Kong to participate in the nation's...

VAT Registration of Bulgarian Businesses

Bulgarian businesses are subject to VAT registration under specific rules. A brief overview of the requirements for a VAT registration in...

Tax Evasion in Germany: Illicit Earnings In Foreign Accounts – Solution Is Voluntary Disclosure

Voluntary declarations with respect to tax evasion have not come to an end this year, which indicates that untaxed income in foreign bank...

Luxembourg is Deleted from the Map of Hungary

The recent amendment of the Luxembourg - Hungary double tax treaty will result in a sharp decrease of Luxembourg-based schemes for Hungarian...

Enforced Tax Collections: IRS’s Power of Lien and Levy

The IRS collection process is a series of actions that the IRS can take to collect taxes that taxpayers owe if they do not voluntarily pay them....

Coming Out of the Shadows: IRS’s OVDP and Streamlined Disclosure Programs

In part because of the high levels of noncompliance with foreign tax reporting requirements (oftentimes out of innocent ignorance), the IRS has...

Why You Should Not Represent Yourself in an IRS Audit

Representing yourself or your company in an audit initiated by the Internal Revenue Service (“IRS”) is likely to be an exercise in futility. The...

Release of OECD Action Plan on BEPS Final Report and its Tax Implications to China and Hong Kong

On 5 October 2015, the Organisation for Economic Cooperation and Development (OECD) issued a final report with regards to its Action Plan to...

Cyprus International Trusts Overview

Cyprus International Trusts feature essential regulatory, confidentiality and tax advantages, providing interested settlors and beneficiaries...

Non-Profit Foundations Based in Switzerland Have to Pay Tax on Income Generated in Germany

Foundations based in Switzerland need to pay tax on their income generated in Germany, even if they pursue non-profit causes.

New Resolution Imposes the Electronic Billing System to Contributors Registered in the Value-Added Tax - Argentina

On March 11, 2015, the Tax Authorities (hereinafter “AFIP”) issued General Resolution No. 3749/2015 (“GR”) which obliges contributors registered...

Errors that Can Lead to Raider Seizure in the Ukraine

Today it is not a secret that the "raider / unlawful seizures" have become the norm and rather the rule of doing business than the exception to...

Italians Can Derive Tax Benefits from the Newly Enforced Double Tax Treaty with HK when Investing in China

The agreement between Hong Kong and Italy for the avoidance of double taxation with respect to taxes on income and the prevention of fiscal...

Tax Implications for Thai Companies Hiring Services Overseas

When a Thai company engages the services of another company, it must comply with a few tax obligations under the Revenue Code. It must withhold...

Time-Series Comparison Only Permissible as Method of Estimation Under Certain Conditions in Germany

The tax authorities are increasingly applying time-series comparisons as a method of estimation in the context of external audits, but according...

Conclusion of a Protocol that Will Amend the Double Tax Convention between Cyprus and Ukraine

The Ministry of Finance of Cyprus announced on 08 September 2015 the conclusion of the negotiations with Ukrainian Ministry of Finance. The two...

Inherited IRAs & the Taxes Involved

Receiving an inheritance can be a blessing, but there are typically tax obligations involved including the inheritance of an IRA. If you inherit...

Hong Kong Becomes More Investment Friendly after Tax Exemption

On 17 July 2015, the Hong Kong Government gazetted the Inland Revenue (Amendment) (No.2) Ordinance 2015 (“the Ordinance”), which extended the...

EU Planning Tax Reforms

The European Union wants to change its tax policy. One of its aims is for businesses in future to pay tax on their profits in the state in which...

Cyprus and Iran - New Double Tax Treaty

During a recent visit of a senior Iranian delegation to Cyprus, the Cyprus-Iran DTT was signed. The DTT is yet to be ratified or come into...

Tax Implications Of Asset Transfers

Depending on the extent of a couple’s assets, a divorce can raise some very complicated financial questions.

Introduction of GST Bill in India May Be Delayed

The much awaited indirect tax reform in India will be further delayed.

Criminal Charges for Issuing a Bad Electronic Funds Transfer

A new law went into effect in New Jersey last year, which makes it a criminal offense to issue a bad electronic funds transfer.

The Latest Development and Tax Issues of Islamic Bond Market in Hong Kong

Islamic finance is one of the fastest growing sectors in the international financial market. Given the strategic importance and influence of the...

Tax Deductability of Bribes in Greece

The prohibition of tax deductibility of bribes and the risk of claiming these payments as "expenses" in order to get a tax return under the...

Regulation to Avoid Double Taxation in Accordance to the International Agreements Signed by Panama

The application for the tax benefit must clearly state the provisions supporting the right for the benefit.

Cyprus Proposed Tax Reforms: Interantional Business Center Credentials Reaffirmed

On July 1, 2015, the President of Cyprus forwarded several proposed tax law amendments to the Cyprus Parliament for ratification. Provided the...

Tax Effects of the Dissolution of Companies in Panama

Article 528-A of the Commercial Code, added by Act 85 of 2012, deals with the dissolution of companies and explains causes and effects of their...

Hong Kong is an Ideal Place for Investment despite the Unbounded EC Tax Haven Blacklist

Hong Kong was named among the thirty uncooperative tax jurisdictions in the European Commission’s (“EC”) tax haven blacklist released on June...

Russian President Signed Capital Amnesty Law

Capital amnesty law is adopted granting release from criminal, administrative and tax liability for individuals who have voluntarily declared...

The Legal and Tax Considerations for Chinese HNWIs Investing in Australia Property Market

The Chinese real estate boom in Australia will only be accelerating. It is predicted that an additional $70 billion demand for real estate from...

Rectification of Canadian Tax Problems

Over the last fifteen years Canadian tax law has undergone a remarkable evolution in the legal remedies available to assist in fixing tax...

Granting Preferences to Kazakhstani Legal Entities in Connection with their Investments in Kazakhstan

  By Integrites
The issues related to the provision of preferences to Kazakhstani legal entities in connection with their investments in Kazakhstan are mainly...

Kazakhstan Tax Inspections: Tax Authorities' "Sword of Damocles"?

  By Integrites
Any state cannot exist without taxes and control over the timely treasury reimbursement and taxes are conducted by state revenue bodies. One of...

Elimination of Tax-related Administrative Approvals in China

  By MMLC Group
The State Council of China has recently issued several decisions for the purpose of further decentralization and the abolishment of tax...

“Off-shore” Restrictions of Grant Legislation Pose Unnecessary Threats to Multinationals

The “anti-offshore” law relating to the use of public funds, introduced in 2011, aimed to prevent off-shore companies with unidentifiable...

Investment Risks in Kazakhstan

Investors from different countries are continuing to establish their offices in Kazakhstan and many companies are willing to do business here....

Incorporation of Companies in Hong Kong and in Singapore

In light of increased recent interest in incorporating corporations in Hong Kong and in Singapore, we have summarized briefly hereunder the...

Tax Haven – Where Are the Best Tax Rates in Switzerland?

How many taxes do you have to pay? And where can you actually pay fewer taxes? The “Swiss Tax Report 2015″, from the highly regarded...

Cyprus-Lithuania Double Tax Treaty

The new year of 2015 also marks the implementation of the Cyprus – Lithuania Double Tax Treaty (DTT), which was initially signed in June, 2013.

Business Tax Deductions

Business expenses are the associated costs of carrying on a business. Such expenses are typically deductible if a business is operated to make a...

Foreign Companies in Ecuador

Foreign companies wishing to open a branch in Ecuador, should be incorporated in their country of origin as a trading company, may be of limited...

Are Sovereign Citizen Groups Right?

  By HG.org
They are frequently in the news, passing out fliers about not paying taxes, and conducting meetings in local hotels and restaurants about not...

Financial Action Task Force (FATF)

Firstly, is important to understand the cause of money laundry crime. Usually, is related to drugs traffic, terrorism, trafficking of humans,...

The Cyprus International Trust

The Cyprus International Trust is a powerful asset protection tool because it effectively removes the assets from a less favorable jurisdiction,...

Tax Compliance Overview in Turkey

Information about the tax liabilities of foreign investors in Turkey.

Tax Incentives in Turkey

Turkey aims to encourage production and export activities, fasten the entrance of foreign capital and technology in Turkey and develop the...

A Lease May Not Always be a Lease for VAT

Lease services often lead to uncertainty from a VAT perspective. Some services which seem like lease at first glance do not meet the criteria...

E-Residency in Estonia

As the world seems to develop faster and faster, a new gadget has been placed to the disposal of the foreigners and non-resident persons in...

Proposed Price Changes for Medicinal Products and Medical Devices in National and Foreign Currency in the Ukraine

On March 13, 2015 on the web-site of the Ministry of Healthcare of Ukraine the draft of the Regulation of the Cabinet of Ministers of Ukraine...

Cyprus and Barbados to Negotiate a Double Taxation Treaty

Cyprus and Barbados announced earlier this month, that they are to begin negotiating a double taxation treaty to strengthen economic relations...

Tax Evasion: Switzerland Supports Crackdown in Banks

Switzerland has perhaps had its day as a tax haven. According to media reports, Swiss investigators are supporting German tax investigators in...

EKAER Rebooted - Concessions for Multinationals

The Hungarian government just recently finalised the new rules for the controversial EKAER system.

USA: Business Structures Available for Foreign Investors

The choice for the appropriate legal structure to transact business in the United States (“U.S.”) depends on a combination of factors relevant...

Deforestation Tax in the Democratic Republic of the Congo: Problematic of Tax Liability of Mining Titleholders

For some time, mining companies in the Democratic Republic of the Congo are facing the National Forest Fund, (“Fonds Forestier National”), a...

Tax Evasion: Amended Return Or Voluntary Declaration

It is possible to evade taxes even in the absence of intention. In these cases, an amended tax return is preferable to a voluntary declaration.

Setting Up a Cyprus Company

A Cyprus company can be registered within two working days provided the pertinent documentation is submitted to the Registrar of Companies.

Cyprus and Bahrain Signed a Treaty for the Avoidance of Double Taxation on Income and on Capital

The Cyprus Ministry of Finance officially announced on 09 March 2015 that the Republic of Cyprus and the Kingdom of Bahrain signed a Treaty for...

In Florida, Couples Should Consider Property Division Before Creating Tax Strategies

Wealthy Florida residents who are married or planning to get married might want to consider creating a prenuptial or postnuptial agreement...

The Hidden Treasure - Many Software Developers do not Exploit their Tax Benefits

Software developer companies fall under a very favourable corporate income taxation in Hungary. Moreover, their income is local business tax...

Your Business in Ukraine: New Perspectives for the Private Sector

It's not a secret that Ukraine is still one of the market dark horses in context of entrepreneurship. Not many of large companies venture to...

Cyprus Tonnage Tax Scheme for Ship Owners, Managers and Charterers

Cyprus features the most efficient tonnage tax scheme in the EU, approved by the European Commission.

Tax Dispute in Germany: Ways of Putting Up a Fight Against the Tax Authorities

Legal action can be taken even against the assessment notice of a tax office. Those who get involved in a tax dispute normally require plenty of...

What Benefits Is My Same-Sex Spouse or Domestic Partner Entitled to?

  By HG.org
Due to a number of important Supreme Court decisions in the 21st century, married same-sex spouses are entitled to a number of benefits that...

Spain to Reduce the Non-Resident Income Tax Rate in 2015

Beginning in 2015, the general rate will be 24% instead of the current rate of 24.75%.

Residence Permit in Albania

Foreigners who wish to reside in Albania on a long-term basis (in any case more than three months within each six-month period) are issued a...

The Family Grows Bigger - The Definition of Related Parties Expands

The recently adopted tax law changes significantly expand the definition of related parties. As of 2015 not only those companies will qualify as...

Tax Implications Depending on Immigration Status

Tax implications on certain immigrants and non-immigrants.

Last Call for Non Resident Tax in Spain

If you own a property in Spain and you are non resident at tax purposes here, you are obliged to present and pay the Non Resident Tax Return,...

Business Taxes, Payroll Taxes and Trust Fund Recovery Penalty

When the business faces a cash flow problem, many business owners use the payroll taxes collected but not yet turned over to the IRS.

Tax Evasion: Risk of Discovery Increases – Amended Tax Return as a Way Out

It is becoming increasingly difficult for tax evaders to remain undetected due to the automatic exchange of information between EU member...

Unpaid Income Tax Establishes Liability of the Managing Director of a German Limited Liability Company

In terms of the overall responsibility, a managing director is also liable for the income tax of employed workers that is not paid to the tax...

Amended Tax Return: North Rhine-Westphalia Wants to Continue Purchasing CDs on Tax Evaders

North Rhine-Westphalia’s (NRW) Minister of Finance, Walter Borjans, announced in the Rheinischen Post Online that NRW will continue purchasing...

Tax Evasion: Number Of Amended Tax Returns Has Doubled in Germany

The number of amended tax returns in cases of tax evasion continues to rise. According to media reports, it doubled in the first half of the...

Tax Evasion: Exercise Caution in the Event of Illicit Earnings in Estate

In the case of inheritance, there is a risk of becoming guilty of tax evasion, particularly if the estate could include illicit earnings.

The Latest Tax Amnesty in Turkey: Law No 6552

Turkish parliament has enecated the Law No: 6552 that has been promulgated as of September 11, 2014 and provides restructuring for unpaid tax...

Tax Evasion: Return to Legality via Amended Tax Return

Tax evasion has represented a lucrative, albeit criminal, business not only for tax evaders but also some banks. An amended tax return can...

Tax Evasion: Remain Unpunished By Submitting An Amended Tax Return - Germany

Tax evasion is a criminal offence which not only entails heavy financial penalties, but also custodial sentences. By submitting an amended tax...

Particularities of Inheriting and Bequeathing in Cases Involving a Foreign Element

All states have their own inheritance laws. In succession cases involving a foreign element, the question arises as to which inheritance law is...

Inheritance Tax: Are Tax Concessions for Businesses Toppling?

The German Federal Constitutional Court (Bundesverfassungsgericht) is currently dealing with inheritance and gift tax. The focus is the question...

Illicit Earnings In Estate: Heirs Must Be Careful – Voluntary Declaration

Nasty surprises can be a risk in the case of inheritance, particularly if an estate includes untaxed illicit earnings. Heirs must be careful.

2014 Amendments to the Malta Retirement Programme Rules

Legal Notice 269 of 2014 has amended the Malta Retirement Programme Rules which were originally promulgated in 2012.

Malta Residence Programme Rules 2014

By virtue of two legal notices published on the 8th of July, the High Net Worth Individuals Rules (HNWI Rules) have now been amended to reflect...

Saving On Inheritance Tax

In the event of inheritance, the state generally cashes in on inheritance tax, yet money can also be saved with respect to this tax.

Romanian Tax Designated Inactive Companies

Recently, on 18 July 2014 Order no. 1847 was issued by the President of the National Agency for Fiscal Administration to cover the approval of...

Cyprus Holding Companies

Cyprus provides an established, stable and solid legislative framework under which Cyprus companies can be formed for intermediary or ultimate...

Good News for Cayman Domiciled Private Equity Funds - Introduction of New ELP Law

  By Loeb Smith
The Cayman Islands (“Cayman”) continue to be the leading offshore jurisdiction for the establishment of both hedge funds and private equity...

FATCA - Malta on the Way to Implementing its IGA

Following the signature of the intergovernmental agreement (“IGA”) between Malta and the US on the 16th December, 2013 whereby the latter agreed...

China Taxation - New VAT Rate For Biological Products

  By MMLC Group
This article looks at the reasons behind the newly announced reduction in VAT for biological products by the Chinese government.

Willfulness and the Civil FBAR Penalty

  By Brown, PC
In 2008, when it was revealed that wealthy individuals around the world were utilizing accounts and trusts in Liechtenstein to evade taxes, the...

Taxation trends in the European Union in 2014

The Statistical Office of the European Union (Eurostat) and the European Commission's Directorate-General for Taxation and Customs Union has...

Liability of the Shareholder for Public Debts under Turkish Law

Tax Liability in Joint Stock (“Anonim Şirket”) Companies As it has been known, administration and representation of joint stock companies...

IRS Changing Terms for Offshore Account Holders

  By Brown, PC
U.S. taxpayers hiding assets abroad should take note of the Internal Revenue Service’s plan to sharply increase penalties for such acts, while...

Part-Time Self-Employed Tax Submission in Malta

The form for the submission for tax purposes of part-time, self-employed individuals has been amended by virtue of Legal Notice 186 of 2014...


Find a Lawyer

Find a Local Lawyer