US officials are gearing up to address security apprehensions regarding China’s advancements in artificial intelligence during their scheduled discussions with Chinese representatives. According to senior administration officials who opted for anonymity, the meeting between US and Chinese representatives is set to take place in Geneva on Tuesday. This meeting, deemed by a senior official as […]

Turkey is preparing to introduce taxes and full regulation of cryptocurrency assets, according to information from the Justice and Development Party of Turkey. Next week, the party plans to present a bill to parliament that will regulate cryptocurrency trading and the overall crypto asset sphere. According to the TGRT channel, cryptocurrencies will be supervised by […]

Belgium has ignited a debate within the European Union regarding trade sanctions against Israel. This move comes after Benjamin Netanyahu asserted that pressure from leaders of other countries would not deter his nation’s efforts to defend itself. He emphasized that “if Israel is forced to stand alone, Israel will stand alone.” This development highlights the […]

Ramon Fonseca, co-founder of the now-defunct law firm embroiled in the Panama Papers scandal, passed away overnight in a hospital, as confirmed by his attorney to Reuters on Thursday morning. “Since the beginning of April, he had been under hospital care,” shared Fonseca’s lawyer, Guillermina McDonald, in a phone conversation, refraining from disclosing details regarding […]

The Singapore Inland Revenue Authority (IRAS) has recently introduced a comprehensive section on its website dedicated to providing foundational insights into Pillar 2 regulations. In addition to this initiative, they have also uploaded user-friendly slides to aid in understanding these rules. Moreover, PwC has issued an alert regarding the recently released OECD Consolidated Commentary and […]

There are plans to increase the turnover tax for small and medium-sized businesses in Armenia to 10%, doubling the current rate of 5%. This proposal, approved at a government meeting, will be sent to parliament for consideration. The new tax rates will be 10% for trading enterprises, 7% for manufacturing, and 12% for the hospitality […]

The United States, Britain, and the European Union are urging the United Arab Emirates to demonstrate its commitment to enforcing sanctions against Russia in light of the conflict in Ukraine, according to informed sources. Officials from these countries recently visited the UAE to coordinate efforts to prevent sanctioned goods from reaching Russia. They specifically requested […]

At the EU level, there is an equivalent of the FATF gray list – a list of countries with strategic deficiencies in combating money laundering. While the UAE had previously exited the FATF list, it encountered difficulties with the EU – the European Parliament rejected the European Commission’s proposal to remove the UAE from the […]

According to a recent study conducted by Business Name Generator, which evaluated 52 countries based on their attractiveness for startup launches in 2024, Hungary has emerged as the top destination worldwide. The study considered various criteria including tax rates, projected GDP growth, average cost of living, WiFi speed, as well as overall quality of life […]

Andorra has proposed changes to the requirements for obtaining and renewing residency permits, legislatively establishing mandatory knowledge of the state language. According to the new rules, candidates for residency in Andorra will be required to demonstrate knowledge of the Catalan language at level A1. For the renewal of residency permits, reaching level A2 proficiency in […]