Business organizational structures in Europe
Depending on the country, a company may be incorporated in as little as 4 days and up to a maximum of 30 days. In order to expand a business to the EU, or move a company from one member country to another one, it is important to know the necessary…
Changes in international tax environment
In the summer of 2013, the Organisation for Economic Co-operation and Development (OECD) released an action plan called "Base Erosion and Tax Shifting (BEPS)", which aimed to reduce the tendency of multinational corporations to shift profits…
The Mini One Stop Shop scheme applicable as of 1 January 2015
As of 1 January 2015, all EU Member States are introducing VAT changes. The new rules mainly concern the supply of electronic, telecommunication and broadcasting services made by non-EU suppliers to private individuals and non-business consumers…
Ebooks CJEU
End of the road for reduced rates for e-books?
The Court of Justice of the European Union (CJEU) has given judgment in the infraction proceedings brought by the European Commission against France and Luxembourg and has ruled that the supply…
OECD: Tax Transparency updates
Tax Transparency through information exchange is one of the most important and key items on the agenda nowadays. The Multilateral Convention provides for all forms of administrative assistance in tax matters: exchange of information on request,…
Tax investigations toward HSBC
HSBC threatened with a Tax investigation by the US Government?
The threat of U.S. prosecution looms over HSBC Holdings PLC like the sword of Damocles after a groundbreaking report revealed that it helped clients hide cash from various tax authorities.…
Seychelles became the 85th signatory of the Multilateral Convention
Seychelles Islands 85 signatory to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters became.
The signing of the Convention represents another important step in the efforts of Seychelles to improve its legal…
Anti offshore changes to the EU Directive on Parent and Subsidiary companies: what will change as of 2016
In accordance with the Directive the subsidiaries are effectively exempt from withholding taxes on dividends and taxes on profit distributions in case of making payments to the parent companies. This option was misused sometimes to minimize…
Court of Justice of the European Union – Judgment Régie communale autonome du stade Luc Varenne Case C-55/14
The Court of Justice of the European Union (CJEU) has issued a judgment in the above case which related to whether the letting of a stadium (with other services) to a football club and for only 18 days per year, constituted a letting of immovable…
Procedure And Conditions For Incorporating a Non- banking Financial Institution (“NFI”)
Please find below the procedure and conditions for incorporating a NFI:
Articles of Incorporation:
the Romanian legislation provides that it is compulsory to incorporate the NFI as joint stock companies;
must be attested by a lawyer…