May 2021: International Tax Planning Review
UAE allows 100 per cent foreign ownership of local companies The Government of the United Arab Emirates has confirmed that new rules allowing foreign owners to own local (onshore) companies […]
Tag: citizenship by investment
March 2021: International Tax Planning Review
Cyprus extends tax return deadline for companies Cyprus has extended the 2019 tax filing deadline for companies and self-employed businessmen. The corresponding decree provides the extension of the deadline for
February 2021: International Tax Planning Review
Changes to the EU list of non-cooperative tax jurisdictions The list of “non-cooperative” tax jurisdictions maintained by the EU authorities has changed again. Dominica (Commonwealth of Dominica) has been included
October 2020: International Tax Planning Review
Russia and Malta signed a protocol amending the double tax treaty On 1 October, representatives of Russia and Malta signed a Protocol amending the bilateral Convention for the avoidance of
Cyprus cancelled Citizenship by Investment Program
On 13 October, 2020 the information on decision to cancel Citizenship by Investment Program made on the extraordinary meeting of Council of Ministers has been published by the Ministry of
August 2020: International Tax Planning Review
The European Commission’s report on implementation of the Anti-Tax Avoidance Directive On 19 August 2020 the European Commission published its first report on the implementation of the Council Directive (EU)
July 2020: International Tax Planning Review
Luxembourg: new requirements to trusts Luxembourg has tightened the requirements to trusts in relation to disclosure of information in accordance with the latest rules of the European Union (AMLD5 Directive)
June 2020: International Tax Planning Review
Russian-Cypriot negotiations to amend double tax treaty On 25 June 2020 Russia and Cyprus started negotiations on amendments to the Agreement for the avoidance of double taxation dated 5 December
Automatic exchange and citizenship by investment programs
16 October 2018 the Organisation of Economic Co-operation and Development (OECD) has published a list of jurisdictions that provide citizenship, residence and special types visas to foreign individuals by investment
OECD concerns about residence-by-investment schemes to circumvent automatic exchange
It is known that the route of data flow within the automatic exchange of financial account information under the Common Reporting Standard (CRS) depends on tax residence of an account