International Updates
Under the 60-day rule in Cyprus, individuals are considered tax residents of Cyprus and benefit from the island's tax regime.
On December 10 2018, Portugal published Notice 144/2018 in the Official Gazette, announcing the new income tax treaty with Montenegro.
Russian legal entities that make capital gains from the sale of shares are eligible for a 0% tax rate, yet the criteria for satisfying this arrangement may not always be so simple.
Canada's Revenue Agency (CRA) confirmed in a recent technical interpretation (2017-071330117) that Canadian withholding tax can apply to the accrued (but unpaid) interest on a debt owed by a Canadian resident to a non-resident when the debt is assumed by another entity and such an assumption constitutes a "novation" of the debt obligation for purposes of the applicable commercial law.
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Sponsored by KPMG RussiaAt the very end of 2018, Federal Law No. 424-FZ was passed, seeing several significant changes to Russian tax legislation regarding the beneficial ownership concept.
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Sponsored by Ritch MuellerAs part of a multidisciplinary strategy by Mexico’s Central Bank (Banxico) and Ministry of Finance and Public Credit (SHCP) to stimulate the nation’s financial sector, a presidential decree on January 8 introduced several new tax incentives.
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Sponsored by Mattos FilhoBrazil's highest court has challenged the attorney's office, shutting down an attempt to restrict taxpayers from accessing social security tax credits
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