COVID 19 – Article 15 of the OECD Model Convention
Interesting to know is that a couple from Lebanon became subject to Spanish taxation due to the simple fact that they were present in Spain exceeding 183 days because of the Covid-19 measures. According to article 9 of the Spanish “Ley del IRPF” an individual is considered as tax resident for Spanish tax purposes if this individual is present in Spain exceeding 183 days during the calendar...
COVID-19 – Global Mobility & Black Lives Matter
It is obvious that we have adopted a different way of living in the new normal due to COVID-19. At the same time, we are experiencing a development in societies as a result of the Black Lives Matter movement. Will this also have an impact on the new normal and on conducting business internationally?
It should be noted that a while ago the Organization for Economic Cooperation and Development...
Additional Dutch tax levy as of 2024 on dividends to low tax jurisdictions
The Dutch government is trying to get rid of its image as a gateway to low tax countries. Therefore, from 2024 there will be tax levy on dividend payments to countries with low tax rates. Such has been announced by the Deputy Minister of Finance in a letter dated 29 May 2020 to the Lower House of Parliament. The aforementioned tax levy will be in addition to the withholding tax on interest and...
COVID-19 – The beginning of a new era in Global Mobility?
COVID-19 – The beginning of a new era in Global Mobility?
You have read various newsletters on how to deal with expat employees and the measures taken by governments in this COVID-19 era. But have you also noticed that changes that were previously not considered feasible are possible if there is an urgent need for it? For example, working remotely from home has become common while it was...
End of Year Tax planning 2017-18
As the end of another tax year approaches, we are writing with a summary of tax planning ideas which may be of interest to you.
Please call if you would like to discuss anything mentioned in this document, with a view to taking action before 6 April 2018 as we would be delighted to help.
Tax-free allowances on property and trading income
From 6 April 2017, you can get up to £1,000 a...
Tax advantageous structures to be disclosed by advisors
The OECD issued new model disclosure rules that require lawyers, accountants, financial advisors, banks and any other service providers to inform the tax authorities of any schemes they have put in place for their clients to avoid reporting under the Common Reporting Standard (CRS) or prevent the identification of the beneficial owners of entities or trusts.
As the reporting and automatic...