Taxes and Fees Related to the Sale of Immovable Property
When buying property in Thailand, in addition to paying the price of the property, one can also expect to pay other fees, duties, and taxes in order for the transfer of ownership to be complete. For people who are unaware of these extra costs, it can mean the difference between deciding whether or not to …
Continue reading “Taxes and Fees Related to the Sale of Immovable Property”
Malta Copyright Protection in the Digital Age
Swift technological advancements, rapid communication, social media and the internet in general have all contributed to the transformation of the manner in which artistic, literary works and other creative arts are created, produced, distributed and exploited. New business models and novel protagonists continue to appear.
Nearshoring to Costa Rica: A great opportunity for U.S. Multinational Enterprises.
As companies revise their localization strategies due to the social and economic landscape produced by the COVID-19 pandemic, nearshoring to Costa Rica rises as an opportunity to adapt and at the same time to benefit of the Foreign Direct Investment platform available in the country.
NEW REGULATION FOR THE AUTHORIZATION OF CREDIT INSTITUTIONS – AMENDMENTS APPROVAL AND NOTIFICATION
1. Introduction In follow-up to our summary regarding the preliminary evaluation for the banks’ authorisation, as detailed in Regulation no. 12/2020 on the authorization of credit institutions and amendments pertaining to the same (“Regulation 12/2020”), and our summary regarding the information and documentation to be submitted by a bank in order to obtain authorisation from …
A bill to abolish IP Appellate Tribunal. Is it a case of one step forward, two steps backward!
A move that took many (if not most) IP practitioners and stakeholders by surprise, a Bill titled “The Tribunal Reforms (Rationalisation and Conditions of Service) Act, 2021” was introduced on 11th February, 2021 in the Lok Sabha (lower house of the Indian Parliament). The Bill proposes to abolish “certain tribunals and authorities and to provide a mechanism …
The Management and Control Test – Taxation of Cyprus and Foreign Companies
I. THE LAW For taxation purposes, companies and individuals, are categorised as: (a) residents or (b) non – residents.
Cyprus Makes Waves in Decarbonising Shipping
Cyprus introduced tax cuts in January to incentivise shipping companies towards energy efficiency and use of alternative fuel, ultimately aiming for Green House Gases reduction. The measures are part of a wider debate juxtaposing international and local decarbonisation regulation.
NEW RULES EXPANDING THE CROSS-BORDER MOBILITY OF EU COMPANIES WITHIN EU – DIRECTIVE (EU) 2019/2121
Introduction The freedom of establishment, one of the fundamental principles of Union law, allows for the mobility of businesses within the EU. Up until the entry into force on the 1st of January 2020 of the new Directive (EU) 2019/2121 on cross-border conversions, mergers and divisions (hereafter “the 2019 Directive”) one could argue that the harmonisation …
MAPing taxes: How to protect international investors in an unsettled tax world
Based on the data from the Organization for Economic Co-operation and Development (OECD), the world economy should say “gracias” to multinational enterprises (MNEs) for approximately 50% of the global exports, 33% of the world’s GDP, and 25% of the global employment. Huge amounts of capital moving back and forth between MNEs have eventually appeared on …
Continue reading “MAPing taxes: How to protect international investors in an unsettled tax world”
Decarbonising Shipping: A Review of IMO and EU Regulation
Decarbonising shipping is essential, expensive, and complicated. Regulation is key to achieving the task, and which regulation prevails will determine shipping companies’ strategies for decades to come.