Tag Archives: Tax

Common Reporting Standard - OLIESERVE

Does implementation of the Common Reporting Standard mean the end of tax optimization?

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How did FATCA influence American tax payers? Having come into effect, the US Foreign Account Tax Compliance Act (FATCA) primarily influenced tax payers of the USA. Probably, you know that people possessing American citizenship or Green Card are obliged to pay US taxes on profit received in any other country. It is the reason why […]

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OLIESERVE at CIS Wealth Ekaterinburg 2016

OLIESERVE at CIS Wealth Ekaterinburg 2016

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On June 9, 2016 the corporate group of OLIESERVE and EASY-IMMI participated in the international exhibition CIS Wealth Ekaterinburg 2016. CIS Wealth Ekaterinburg 2016 is the third annual conference on planning and strategies for international business. The exhibition gathered more than 200 participants from 25 countries this year. The specialists of group of companies of […]

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CRS implementation provoke bank secrecy wreck - OLIESERVE

Will CRS implementation provoke bank secrecy wreck?

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Until quite recently revenue authorities could make an enquiry to a bank only in case they have solid reasons to suspect a person in tax evasion, but the situation has changed completely since 2016. Now banks provide revenue inspectors with information themselves. On January 1, 2016 new Common Reporting Standard was enacted that obliged banks […]

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VAT in the UAE 2018 - OLIESERVE

Is it the end of tax heaven? VAT is enacted in the UAE in 2018

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According to the statement of the Ministry of Finance of the UAE, 5% VAT will be enacted in the economy from 1st January, 2018. Actual measures are caused by drop in oil price, and the UAE are planning to develop new revenue items of the region performing these actions. It is expected to get AED […]

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Tax Adjustment in Cyprus

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  New amendments to tax legislation The end of the year 2015 was marked for the Republic of Cyprus by approval of the regular amendments to tax legislation that have been targeted at promotion of the country in terms of tax environment. Thus, in December, 2015 the Ministry of Finance of Cyprus announced the press […]

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Cyprus

New tax amendments in Cyprus! What changes are expected to come?

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In 2015 the local Government submitted several draft laws to Parliament which are targeted at economic activity and attraction of direct investments in Cyprus. The project is implemented on the basis of the EU Parent-Subsidiary Directive, as a result, tax regime is being simplified and made more attractive and efficient. It should be noticed that […]

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Cyprus UAE

Benefits of the Cyprus and UAE Tax Treaty

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The UAE and Cyprus made the double tax treaty in February 2010 which came into operation in 2012. The accord is based on the convention rules for this type of agreements regulated by the Organization for Economic Cooperation and Development. European countries benefit from the double tax treaty signed by the UAE and Cyprus as […]

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Immovable property tax in Cyprus under review

What is Immovable property tax? First of all we should define what exactly “immovable property” is. Immovable property is an immovable object that would have to be destroyed or seriously altered to be moved, it is permanently attached to the earth, such as land or a house. This leads us to the tax part, in […]

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