On 11 July 2024 the Cypriot Parliament approved a new law regarding the implementation of the EU framework for Blue Cards – a work and residence permit for highly qualified …

Provisional tax in Cyprus is a system of advance tax payments. It is designed to ensure that taxpayers pay a portion of their expected annual tax liability throughout the year. …

The submission of the income tax returns for individuals in Cyprus (form IR1) for the year 2023 is now available via TaxisNet portal. The deadline for submitting tax returns and …

In December 2021, the European Commission published the first proposal for the Anti-Tax Avoidance Directive 3 (ATAD 3). Its goal is to tackle the abuse of companies that do not …

As of November 1, 2023, the Trust Company of the Marshall Islands has implemented a penalty fee of USD 500 for entities failing to adhere to Economic Substance Reporting (ESR). …

On March 13, 2024, the European Parliament approved the world’s first harmonized regulatory act, The AI Act (hereinafter referred to as “The Act”), establishing a groundbreaking legal framework for Artificial …

The United Arab Emirates is no longer a zero-tax jurisdiction. We were informing about this major shift in our article, back in June 2023: https://ibccs.tax/announcement/uae-corporate-tax/ Certain exemptions apply, however many …

As of March 1, 2024, the new law in Georgia, “On Personal Data Protection,” has been enacted (Hereinafter – “Law”). Certain provisions of this Law will take effect on June …

We are highlighting 10 changes in laws and regulations that came into force this year or are expected soon.   1. Introduction of 15% Global Minimum Tax At the end …

In 2011, Georgia made a resolute move towards global financial transparency by embracing the Common Reporting Standard (CRS), an international framework developed by the Organization for Economic Co-operation and Development …