The Biden administration wants to make residential real estate transactions more transparent as part of efforts to combat money laundering and the movement of dirty money through the American financial system. The Financial Crimes Enforcement Network (FinCEN) has issued a rule that will require real estate professionals to report information to the agency on non-financed […]

Thailand’s Finance Ministry recently announced a significant move to propel the country towards becoming a digital asset hub: the exemption of value-added tax (VAT) on digital asset trading. Effective from Jan 1, 2024, with no expiration date, this VAT exemption aims to promote digital assets as a new fundraising tool. Paopoom Rojanasakul, secretary to the […]

The Ministry of Finance of Spain plans to expand its powers to confiscate cryptocurrencies and digital assets as part of new tax changes. According to the Spanish newspaper El Economista, the Ministry is preparing a new tax reform that will give it the authority to confiscate cryptocurrencies and NFTs in case of tax non-payment – […]

In October 2023, the Economic Crime and Corporate Transparency Act was passed in the United Kingdom. The first changes in accordance with this Act will come into effect from March 4, 2024. The main changes that UK company owners should pay attention to are: 1. Registered office of the company: From March 4, 2024, companies […]

Agency Replacing SEF Increases Fees for Immigrants Served at Counters by 33% By Press Review 12:19, October 23, 2023 The Agency for Integration, Migration, and Asylum (AIMA), set to replace the Immigration and Borders Service (SEF) in issuing documents for foreigners, will initiate a general increase in fees charged to those applying for residence permits, […]

he European Commission has prepared a report on the mechanism for suspending the visa regime for citizens of certain third countries. Particular attention is given to the section on Vanuatu and countries in the Eastern Caribbean region, where citizenship-by-investment programs, also known as “golden passports,” are actively being implemented. There is a possibility that unpopular […]

The EU Council has expanded its list of non-cooperative jurisdictions for tax purposes, incorporating Antigua and Barbuda, Belize, and Seychelles while removing British Virgin Islands, Costa Rica, and Marshall Islands. The updated list now comprises 16 jurisdictions, signaling concerns about their lack of cooperation on tax matters. The Council emphasizes the need for these jurisdictions […]

The Saudi Arabian Zakat, Tax, and Customs Authority (ZATCA) have recently issued comprehensive guidelines regarding the taxation procedures for payments related to software and database access. This move aims to provide a clear and structured framework for individuals and businesses engaging in transactions involving software usage and database accessibility within the Kingdom of Saudi Arabia. […]

The proposed law, having undergone the first reading with opposition amendments, foresees the conclusion of the simplified procedure for obtaining Portuguese citizenship for Sephardic Jews with local roots, introduced in 2013, effective January 1, 2024. The Minister of Justice explained that, despite the fairness of the regime existing for 10 years, the government believes its […]

Portugal is discontinuing the repatriation program for Sephardic Jews The proposed law, having undergone the first reading with opposition amendments, foresees the conclusion of the simplified procedure for obtaining Portuguese citizenship for Sephardic Jews with local roots, introduced in 2013, effective January 1, 2024. The Minister of Justice explained that, despite the fairness of the […]