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22.07.2021

G7 Global Tax Reform and What It Means for Malta

The Group of Seven (G7) rich nations have recently reached a landmark deal for the creation of a global minimum corporate tax rate of 15%. The tax rate would be used to target mainly the largest and most profitable multinational companies (“MNCs”) such as Amazon, [...]

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22.06.2021

Estonia or Malta? Which has the better EU residence programme for digital nomads?

Over the past few years, increasing amounts of people from all over the globe have left their stressful, or unfulfilling desk jobs, opting for the “digital nomad” lifestyle. Working as a digital nomad is a great option for a number of reasons: you can be [...]

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16.12.2020

Anguilla and Barbados Added to the EU “blacklist”

On 6 October, 2020 the EU Council has issued a press release dedicated to the regular update of EU list of non-cooperative jurisdictions for tax purposes. This time Anguilla and Barbados have been listed, Cayman Islands and Oman have been de-listed. [...]
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16.12.2020

OECD: 18 Jurisdictions Dismantled Harmful Tax Regimes

The OECD Forum on Harmful Tax Practices (FHTP) has published the peer review results on countries’ progress in implementation of the BEPS Action 5 Minimum Standard (“Countering harmful tax practices more effectively, taking into account transparency and substance”). [...]
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16.12.2020

Member States Agree to EU Level Anti-Money Laundering Authority

The EU received approval from finance ministers of its member states in November to set up an anti-money laundering watchdog with the authority to directly interfere with national jurisdictions if it finds that they have failed to comply. [...]
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16.12.2020

Switzerland Strengthens Financial Transparency Measures

On 11 November the Federal Council announced the entry into force of an amendment to the Ordinance on the International Automatic Exchange of Information in Tax Matters from 1 January 2021. The amendments follow the recommendations of the Global Forum on transparency and exchange of [...]
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16.12.2020

Estonia: Changes Related to the Transfer of Shares of Private Limited Companies

A number of changes related to the transfer of shares of private limited companies entered into force in May and August this year. The main purpose of the changes was to simplify the transfer of shares and to make it foremost easier for foreigners to [...]
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15.12.2020

Malta: Benefits of Consolidated Group Rules & the Concept of Fiscal Units

Legal Notice 110 of 2019 has introduced the possibility of income tax consolidation in Malta. The said Legal Notice introduces the Consolidated Group (Income Tax) Rules, 2019, as subsidiary legislation to the Maltese Income Tax Act, Chapter 123 of the Laws of Malta. [...]
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17.08.2020

Banks VS Payment Platforms: Guide to the right choice

“Dear Sir, your account falls out of the bank’s risk appetite. We are kindly informing you that the account will be closed within two weeks. Please provide alternative bank details in order to transfer the remaining funds”. [...]
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17.08.2020

Estonian Private Limited Company – the Minimum Nominal Value of a Share is Now One Cent Instead of One Euro

According to the changes made to Commercial Code of Estonia from the 1st of July 2020 the minimum nominal value of a share is one cent instead of one euro, with the result that every cent of the share capital shall grant the shareholder one [...]
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17.08.2020

Estonia Implements Remote Authentication – a Possibility to Carry out a Notarial Transaction from Home

On February 1st this year, remote authentication was introduced for notarial transactions, which is equivalent to ordinary notarial authentication, i.e. authentication in the presence of a notary. [...]
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17.08.2020

About the Changes in the Estonian Commercial Code Related to the Notarization of the Transactions of Shares of the Private Limited Company

Related to the changes in the Commercial Code entered into force at the end of May the form requirement for the obligation transaction for the transfer and pledge of a share in private limited companies became invalid. As a result such contracts could be today [...]
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