December 2018 / January 2019
Sponsored by Deloitte LuxembourgOn October 2 2018, the EU Council agreed to adopt several proposals from the European Commission to reform the EU VAT system. These proposals included four 'quick fixes' to the prevailing regime that will apply to improve the functioning of the existing VAT system, pending the introduction of the 'definitive' VAT system that is still the subject of continuing discussion.
Sponsored by Eurofast GeorgiaGeorgia continues to pursue a business-friendly tax and customs policy, which – along with economic reform – implies a complete harmonisation of the legislation with EU standards. At this stage, work on the new Customs Code project has been completed with the participation of experts from the EU, and fully meeting the EU standards.
Sponsored by Garrigues SpainShould non-resident individuals pay taxes on their interest in non-resident companies owning real property in Spain?Spain levies a net wealth tax on the net assets of individuals for the purposes of which any individual owning assets located, or rights which can be exercised, in a Spanish territory is classed as a taxable person by virtue of an in rem obligation.