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<h1 class="entry-title">Category: Info</h1>
19 Oct
EU to remove Seychelles, Anguilla and Dominica from tax blacklist Advocate Cyprus CYWORLD WEALTH

EU to remove Seychelles, Anguilla and Dominica from tax blacklist

EU to remove Seychelles, Anguilla and Dominica from tax blacklist The European Union has agreed to remove Anguilla, Dominica and the Seychelles from its blacklist of tax havens. Recall that all three were previously included in the list because they did not meet the EU tax transparency standards. The delisting was preceded by the forum’s […]

17 Oct
Citizenship by Investment CYWORLD WEALTH Advocate Cyprus

Citizenship by Investment

Citizenship by Investment Getting a second passport is a great investment that will allow you to move freely around the world, increase your personal security, optimize your business and reduce taxes. You can get a second citizenship by investing in real estate, business or making a charitable contribution. For moving to Europe and obtaining a […]

11 Oct
List of countries participating in the international boycott published Advocate Cyprus CYWORLD WEALTH

List of countries participating in the international boycott published

List of countries participating in the international boycott published On October 8, 2021, a notice from the US Treasury Department was published in the Federal Register on the current list of countries that will be boycotted by the international community. The countries listed include Iraq, Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, and Yemen. Any […]

11 Oct
Italian Council of Ministers approves tax reform project Advocate Cyprus CYWORLD WEALTH

Italian Council of Ministers approves tax reform project

Italian Council of Ministers approves tax reform project The Italian Council of Ministers has released a message announcing the approval of the draft tax reform law at a meeting held on October 5, 2021. While no specific details are provided, the press release highlights the following key areas of reform: Personal income tax reform, including […]

07 Oct
Swiss Tax Administration publishes Tax Code of Conduct 2021 CYWORLD WEALTH advocate Cyprus

Swiss Tax Administration publishes Tax Code of Conduct 2021

Swiss Tax Administration publishes Tax Code of Conduct 2021 The Swiss Federal Tax Administration has announced the release of the Tax Code of Conduct 2021. The Code of Conduct is addressed to those professionally involved in taxation, in particular tax administration officials, tax representatives and companies. The Code of Conduct covers general principles of conduct […]

02 Oct
Curacao only accepts electronic tax payments from October 1, 2021 Advocate Cyprus CYWORLD WEALTH

Curacao only accepts electronic tax payments from October 1, 2021

Curacao only accepts electronic tax payments from October 1, 2021 The government of Curacao recently issued a notice from the Ministry of Finance stating that from October 1, 2021, only electronic payments will be accepted for tax purposes. For personal payments, taxpayers can no longer pay in cash or by check, although swipe payments are […]

14 Sep
Curacao extends tax filing deadline Cyworld wealth Advocate Cyprus

Curacao extends tax filing deadline

Curacao extends tax filing deadline The Curacao government has issued a Tax Office notice stating that the 2020 tax filing deadline is being extended for some taxpayers. The renewal is provided due to the unavailability of the portal of tax returns for taxpayers who can distribute part of their profits abroad and who are engaged […]

13 Sep
Marshall Islands Corporate Registry Offers Free Redomiciliation Advocate Cyprus CYWORLD WEALTH

Marshall Islands Corporate Registry Offers Free Redomiciliation

Marshall Islands Corporate Registry Offers Free Redomiciliation The corporate registry of the Republic of the Marshall Islands (RMI) believes that the use of certain jurisdictions to initiate a business has become impractical. Jurisdictions that were once business-friendly now have less-than-satisfactory ratings from international regulators, and some are not politically stable. Recognizing these issues, RMI is […]

13 Sep
Switzerland wants to increase taxation of individual capital income CYWORLD WEALTH Advocate Cyprus

Switzerland wants to increase taxation of individual capital income

Switzerland wants to increase taxation of individual capital income On September 26, 2021, the Swiss electorate will vote on a proposal that will increase the taxation of capital income for individuals. The proposal essentially stipulates that tax on capital gains in excess of a certain amount will be calculated on 1.5 times the amount of […]

13 Sep
Cook Islands Issues New Tax Liability Guidelines for International Companies Cyworld wealth Advocate Cyprus

Cook Islands Issues New Tax Liability Guidelines for International Companies

Cook Islands Issues New Tax Liability Guidelines for International Companies New tax obligations for international companies The Law on Amendments to the Law on International Companies (Cancellation of Tax Benefits) of 2019 abolished tax incentives for international companies on December 17, 2019 and provided a transition period (also known as the “grandfather period”) for existing […]

07 Sep
EU suspends implementation of digital tax plan Hadjivangeli Advocate Cyprus

EU suspends implementation of digital tax plan

EU suspends implementation of digital tax plan The European Commission said it would postpone its plan to implement a digital tax in the European Union so as not to jeopardize efforts to secure a global agreement on fairer taxation. At a meeting in Venice, the G20 finance ministers approved a plan agreed by 132 countries […]

04 Sep
How are crypto assets regulated in Cyprus? Advocate Cyprus CYWORLD WEALTH

How are crypto assets regulated in Cyprus?

How are crypto assets regulated in Cyprus? On January 10, 2020, EU Directive 2018/843 entered into force in Europe, and all Member States were required to implement the Fifth Anti-Money Laundering Law (AML). On 23 February 2021, Cyprus amended its Law on the Prevention and Suppression of Money Laundering and the Financing of Terrorism 188 […]

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