Tax Filing Facts That Expats From The US Should Be Aware Of
As an American residing in Saudi Arabia or the Gulf Cooperation Council, one of their key concerns as an expat would be paying their US taxes.
EU works on new tax haven blacklist update
The EU is working on an update to its black and grey lists of tax havens for February. Due to new criteria such as the implementation of the country-by-country reporting minimum
Belgium may reduce the VAT on electricity in response to rising energy prices
Belgium’s prime minister announced on Tuesday that the VAT on electricity will be reduced as part of a plan to protect customers from rising energy bills (1 February).
How does the tax system work in Portugal?
It may sound tedious to learn about taxes, but if you’re relocating to Portugal, you’ll need to understand the Portuguese tax system, which consists of a combination of federal and municipal taxes.
India is adamant about tax accords with MFN countries
India has strengthened its stance to prevent foreign funds and strategic investors from most favored nation (MFN) jurisdictions such as the
Cryptocurrencies and NFTs, subject to a 30% tax in India
According to Union Finance Minister Nirmala Sitharaman, India has levied a 30% tax on any income derived from the transfer of virtual digital assets, such as cryptocurrencies and NFTs.
The modelo 720, one of Spain’s most contentious declarations, is abolished by Europe
The famous modelo 720, a financial disclosure to be filed by taxpayers who hold assets abroad, such as accounts, real estate, or securities, has finally been decided by the Court of Justice of the European Union (CJEU).
Budget 2022 must harmonize the taxes of NBFC with that of banks
NBFCs play a critical role in commercial lending. The RBI has tightened the NBFC regulatory framework over time, particularly for large and deposit-taking NBFCs, bringing it closer to the restrictions that apply to banks.
According to SBI Research, a wealth tax or any other new tax will do more harm than good
SBI Research has warned that any new tax, such as a wealth tax or others, could cause more harm than good at this time, ahead of the Union Budget, which will be submitted in Parliament on February 1.
Taiwan emphasizes revisions in new tax treaty protocol with UK
The amendments in the new amending protocol to the UK-Taiwan tax treaty were detailed by Taiwan’s Ministry of Finance on January 18. After entering into force on December 23, the protocol takes effect on January 1.