ARTICLES
3 Reasons You Should Consider Outsourcing Payroll
Payroll is an essential aspect of a business. It helps to enhance employee experience with the company by maintaining their morale. Payroll also reflects a company's reputation and financial stability. It is because any businesses' workforce relies on their paychecks, and any error or untimely payment can lead to a lack of trust. But if employees [...]
Three Key Steps To Effective Contractor Management
Companies involve various parties in their business practices to help their business thrive and evolve. These parties may include contractors or vendors who provide multiple services that may range from financing, workforce supply, goods supply, or consulting services for creating cost-effective supply chains. A contractor is an individual or organization hired by companies to perform work [...]
EU Travel Pass
EU Travel Pass Non-essential travel to the EU resumed on 19 July 2021. Now persons who are vaccinated, or have a negative PCR test or have recently recovered from the virus can move more freely within the EU, though of course they should still keep member states individual requirements for travel [...]
EU National Via Irish Passports
EU National Via Irish Passports A side effect of Brexit has seen unprecedented numbers of individuals residing in the United Kingdom applying for Irish passports in order to remain part of the European Union. Although this article is based on the advantages for Britons wanting to remain a part of the [...]
Cyprus-Netherlands Double Taxation Treaty
Cyprus-Netherlands Double Taxation Treaty Cyprus and The Netherlands have entered into their first ever Double Taxation Treaty (DDT). The DDT which was signed on the 1 June 2021 has since been ratified, but both countries now need to implement the legal practices before it can enter into force. Once the needful [...]
United Arab Emirates and Israel Double Taxation Treaty
United Arab Emirates and Israel Double Taxation Treaty Prior to 2020 relations between the two countries were strained, but effort has been made on both sides to stabilise this. On the 31 May 2021 the status between the two countries was further improved as they entered into their first Double Taxation [...]
The Netherlands Open Limited Partnerships
The Netherlands Open Limited Partnerships On the 29th March 2021 the Ministry of Finance in the Netherlands published a consultation in regards to legislative changes concerning open limited partnerships and mutual funds in an attempt to align with international standards and moderate the potential for hybrid mismatches. The proposed changes were [...]
Italy Special Tax Regime
Italy Special Tax Regime Italy introduced a special tax regime in April 2019 which allows remote working personnel who move their tax residence to Italy and become ‘inpatriates’ to a 70% tax exemption from employment income for five years providing they undertake to maintain their tax residence in Italy for at [...]
BVI changes to Trust and Estate Law
BVI changes to Trust and Estate Law The BVI has made several changes to Trust and Estate law to attract new business, in particular from non-trust jurisdictions with a view to protect assets from forced-heirship and matrimonial claims arising from foreign countries. The changes have come about in an effort [...]
The United Kingdom in Relation to EU Disclosure Provisions
The United Kingdom in Relation to EU Disclosure Provisions The United Kingdom is taking advantage of its decision to break from the European Union and has made it clear that it will cancel its participation in almost all of the European Unions’ Council Directive (EU) 2018/822 (DAC6) in relation to disclosure [...]
Foreign Income Exemptions in Indonesia
Foreign Income Exemptions in Indonesia Whilst Indonesia is not commonly associated with International contractors or freelancers, it is however the largest economy in Southeast Asia and has recently introduced a number of tax regime measures hoped to increase its attractiveness to both expatriates and investors. The country has introduced the Law [...]
Loop Structure Ban Ceased in South Africa
Loop Structure Ban Ceased in South Africa Loop Structures allow for residents to form offshore structures which can then be used for a variety of purposes including investment, share acquisition, loans and assets to re-invest into the resident jurisdiction thereby creating a loop. Previously these were not allowed in South Africa. [...]
UK Hopes to Continue in the Lugano Convention
UK Hopes to Continue in the Lugano Convention The Lugano Convention is an international agreement between the EU and EFTA states that covers cross border legal disputes by determining which courts have jurisdiction. Now Due to Brexit there is uncertainty as to whether the United Kingdom can continue as part of [...]
Foreign Ownership in UAE
Exemption from Shari’a Law For Foreign Residents The United Arab Emirates is a Muslim country and is therefore subject to Shari’a Law, whereby heirs and descendants have the right to claim on an estate of a deceased which would then be distributed accordingly to the law irrespective of the deceased wishes. [...]
Foreign Ownership in UAE
Foreign Ownership in UAE The United Arab Emirates has complex rules when it comes to ownership. Fortunately it also has a lot of options. Previously under a law passed in 2015 foreign investors could only hold 49% of a mainland UAE company. However based on recommendations by the Foreign Direct Investment [...]
Russia and Luxembourg Double Taxation Agreement
Double Taxation Agreements (DTA) are a means of reducing the tax burden on cross-investments which otherwise might be susceptible to being taxed twice on the same transaction and therefore possibly decreasing the appetite for cross border transactions and therefore hindering expanse of business. In the absence of a DTA Russia has a 15% withholding tax [...]
UK Guidance on Statutory Residence Test
Individuals who freelance abroad are continuing to be hit by complexities due to travel restrictions amid the current COVID-19 pandemic. The HMRC in the United Kingdom has published a Q&A document in order to tackle clarity on determining an individual’s residency position. It has introduced in some case whereby days can be considered ‘exceptional’ and therefore [...]
UAE Conclude Peace Deal With Israel
The treaty which was signed on the 15 September 2020 was formally ratified by the Israeli cabinet on the 12 October 2020 and the UAE parliament on the 15 October 2020 and is intended to remove barriers to business. This will benefit both areas and also allow better ease of business when dealing with Europe. It is [...]
