• IN621 Ukraine - Changes to Two Double Taxation Treaties

    On 30 October 2019, the Ukraine ratified changes to two Double Tax Treaties (DTAs), the treaty with Cyprus and the treaty with the UK, respectively. 

    Once the appropriate formalities have taken place in the reciprocal countries, these treaties are expected to come into force at the start of January 2020.   

    Ukraine: Cyprus Treaty 

    The key changes are:

    A reduction in the withholding tax for … more

  • IN600 The Advantages Of Using A Swiss Company To Hold Investments Owned By Turkish Residents Or Companies

                                                                                                         

    Introduction

    Turkish shareholders with foreign portfolio investments, should consider owning these investments through a Swiss company, in particular if these investments are held in Switzerland.

    What are the Key Advantages?

    a) Profit, taxed in Switzerland, will be at a rate of between 10.1% … more

  • IN567 Moving To Italy - The Resident Non-Domiciled Tax Regime

    Background

    During 2017 the Italian Government introduced a new tax regime: The Resident Non-Domiciled Tax Regime (also known as the "Flat Tax Regime"), with the aim of attracting high net worth individuals who want to relocate to Italy. 

    The new legislation introduced a key change to the general principle of worldwide taxation for Italian tax residents. According to these provisions an … more