At the beginning of 2023, the European Union adopted a number of amendments to the current legislation on crypto-regulation in order to improve security and protect the rights of consumers. One of the most significant changes was the mandatory registration of all cryptocurrency exchanges and wallets in accordance with the requirements of the Anti-Money Laundering […]

The European Parliament proposes to simplify obtaining the right to permanent residence in EU member states for citizens of third countries. According to the current rules, in order to obtain the right to permanent residence, it is necessary to live legally for at least 5 years, while it is impossible to leave the member state […]

The shares of First Republic, a US regional bank, suffered a significant drop on Friday due to increasing speculation about its future after it reported a substantial decrease in deposits. The bank’s shares fell more than 50% earlier in the day, eventually finishing at $3.51, a decline of 43% after several trading halts due to […]

According to the Portuguese environmental portal Eco Sapo, the Portuguese government predicts an increase in the tax burden this year to a record level of 37.3%. This is 0.2% more than last year, when the tax burden was 37.1%. The reason for the increase in the tax burden is the support measures introduced in response […]

The UK Home Office has launched a new anti-fraud campaign. This campaign will strengthen the government’s efforts to combat various types of fraud, including document falsification, credit card fraud and identity theft. This campaign will also focus on providing the tools and resources needed to help UK citizens protect themselves from fraud. As part of […]

The Ministry of Digital Development notes that after the approval of all the necessary regulatory framework, foreign IT specialists will be able to become entrepreneurs in Ukraine and pay taxes to the state budget – and all this online. The authorities are currently testing a service that will allow foreigners to apply for e-resident status. […]

The Financial Tribunal (FTT) has recently ordered the UK’s HM Revenue and Customs (HMRC) to close its enquiry into a dividend paid by a 20-year-old offshore company. This decision has significant implications for offshore companies and their tax affairs, shedding light on the complex legal landscape surrounding offshore investments and tax planning. The case involves […]

In September 2022, the United States approved the Corporate Transparency Act (CTA), which establishes uniform beneficial ownership disclosure requirements for certain types of corporations, limited liability companies, and other similar entities formed or registered to do business in the United States. This law is one of the key measures in the fight against financial crimes […]

UK Export Control Joint Unit published a message for exporters on the new Export Control Regulation (Military and Dual-Use Lists) 2023, which came into force on March 31, 2023. As noted on the website, the new version of the Rules reflects recent changes in the export controls of international regimes such as the Wassenaar Arrangement, […]

The Spanish Tax Agency has announced plans to send more than 328,000 notices to cryptocurrency holders in Spain, urging them to report their crypto holdings and transactions for tax purposes1. The move comes as part of the agency’s efforts to crack down on tax evasion in the cryptocurrency sector. According to a recent report by […]