The New Zealand Government has announced its plans to adopt the OECD’s Global Anti-Base Erosion (GloBE) Pillar Two Rules, referred to as the “Applied GloBE Rules,” by implementing legislation. These rules aim to ensure that large corporate groups are taxed at minimum agreed levels. The rules allow countries to assess the income and taxes reported […]

The imposition of new immigration restrictions in Britain, which prohibits non-research foreign postgraduate students from bringing their family into the country, is causing some discussion and differing opinions. According to official statistics, the number of visas issued to relatives of international PhD students has increased significantly in recent years, exceeding 9 times the number of […]

The new Migration Code, which was introduced, makes changes to the rules for obtaining the European Blue Card. This card is a special type of residence and employment permit for highly qualified citizens of non-resident countries in the European Union. The main changes that will come into effect include: Reduction of the duration of the […]

Manama, Bahrain – Bahrain is set to implement a corporate tax regime once an international agreement on the taxation framework is reached, announced Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa during a recent parliamentary session. The Organisation for Economic Co-operation and Development (OECD) is currently working on developing a global corporate […]

The Hague, The Netherlands – The Upper House of the States General of the Netherlands has approved the ratification of a favorable tax treaty with Cyprus. The treaty, signed this year and involving the exchange of letters of ratification, will enter into force on January 1, 2024. The agreement provides for zero tax rates on […]

In line with Directive 2011/98/EU, the Serbian parliament is currently engaged in a debate over proposed amendments to the country’s regulations governing the issuance of work and residence authorization. If these amendments are adopted, it will mark a significant change in the Serbian immigration system. The main highlight of these proposed amendments is the introduction […]

The Russian government plans to temporarily stop the application of double tax treaties (DTTs) with 38 countries, including members of the European Union, the United States, Canada, the United Kingdom, Switzerland, Singapore and Japan. This decision was announced by the Russian Ministry of Finance. The list also includes Australia, Austria, Albania, Belgium, Bulgaria, Hungary, Germany, […]

Liechtenstein intends to accept bitcoin and other cryptocurrencies as a means of payment, making it one of the first states to take such a step. This revolutionary move opens up new opportunities for economic growth and attracting investment. New legislation developed by Liechtenstein creates a legal basis for the use of bitcoin and other digital […]

The European Union voted 517 in favor and 38 against in favor of a new cryptocurrency licensing regime known as the Markets for Crypto Assets (MiCA). Another 18 people abstained, making the European Union the first major jurisdiction in the world to introduce a comprehensive cryptocurrency law. The European Parliament also voted 529 in favor […]

Switzerland and the United Arab Emirates (UAE) have amended their Double Taxation Agreement (DTA), which entered into force in early 2012. These changes concern the taxation of dividends, interest, royalties and capital gains, and they strengthen cooperation between the two countries in the field of tax cooperation. One of the important changes is the provision […]