UAE removed for EU blacklist after issuing Economic Substance Rules

Sovereign scoops International Retirement Provider award Sovereign Group is delighted to have won the ‘International Retirement Provider’ category at the influential International Adviser Global Financial Services Awards 2019, which identify excellence across the industry. >> Read more

The Panamanian government has issued Law 99 of October 11, 2019, which establishes a General Tax Amnesty Law (“Amnesty”) that includes the elimination, for a limited period, of the penalties and surcharges caused by non-payment of the obligations with the National Treasury for corporations and private interest foundations. This law also includes amnesty for various types of interests and penalties resulting from non-payment of other taxes (for...

Sovereign Trust (Cyprus) is featured in 2019 Cyprus Country Report, which is produced in co-operation with the Ministry of Energy, Commerce and Industry and is widely regarded by Cypriot and international executives as the most influential and trusted resource on doing business in or with Cyprus.

CGA Monthly Bulletin (Nov 2019)

Banks accounted for a quarter of corporation taxes paid in two years through December 2018, an industry analysis has shown, underlining Kenya’s heavy reliance on the banking industry for revenue.

Iraq's newly passed amnesty law on tax penalties according to law No. 9 for 2019. This law is effective from the date of publication in the official gazette (Iraqi Official Gazette) on 19 August 2019.

CGA Monthly Bulletin (Aug 2019)

On 19 June 2019, the Italian Council of Ministers approved the China – Italy Double Tax Treaty (“New DTT”), signed in Rome on 23 March 2019. The New DTT will enter into force 30 days after the exchange of the ratification instruments replacing the China – Italy Double Tax Treaty signed on 31 October 1986 (“Old DTT”).

Law 37 of June 5, 2018, adds line 9 to article 709 of the Fiscal Code, which is related to the annual income tax deductions to which natural persons are entitled, regarding school expenses incurred by the taxpayer with respect to their dependents.