Capital gains realized from the disposal of stocks in a Polish joint-stock company are taxable only in a transferor’s state of residence

Capital gains realized from the disposal of stocks in a Polish joint-stock company are taxable only in a transferor’s state of residence

Albert Einstein once said that a question pertaining to taxes is too difficult for a mathematician. It should be asked of a philosopher. Unfortunately, the world famous physicist did not take into account that practicing philosophy with reference to this field of law can very easily lead to the omission ... Read More »

Central Register of Beneficial Owners in Poland – private foundation is in question

Central Register of Beneficial Owners in Poland – private foundation is in question

Foreign private foundations are becoming more and more popular among Poles as an instrument of inheritance planning and private assets protection. Polish Act on Counteracting Money Laundering and Terrorist Financing (“AML Act”) obliges Polish commercial law companies to report information about their Beneficial Owners to the Central Register of Beneficial ... Read More »

The favourable tax regime of new Italian residents

The favourable tax regime of new Italian residents

Foreword This brochure aims to illustrate the introduction of the new tax regime for the “new Italian residents” with the debut of a lump-sum taxation called “Flat tax”, granting an exemption of foreign investments from Italian taxation, called “non-domiciled tax resident”. The Italian Finance Bill for 2017 (hereinafter “Finance Bill”) ... Read More »

Amendment of the Czech Labour Code regarding the cancelation of the so-called suspensive time clause

Amendment of the Czech Labour Code regarding the cancelation of the so-called suspensive time clause

Labour Law Alert: Cancelation of the suspensive time clause I. Cancelation of the suspensive time clause As of 1 July 2019 the Amendment of the Czech Labour Code (i.e. the Act No. 32/2019 Coll., amending the Act No. 262/2006 Coll., Labour Code, as amended) has become effective. The new legislation ... Read More »

Italian Patent Box

Italian Patent Box

The Italian Finance Bill for 2015 has enhanced an important provision named “Patent Box”, to facilitate and attract foreign taxpayers, improve the Research and Development in Italy and most important preserve the “i.e. Made in Italy”. This provision introduced in Italy is an optional tax regime, that allows reduced taxation ... Read More »

UBO definition and UBO register

UBO definition and UBO register

In connection with the legislative bill for the Fourth Anti-Money Laundering Directive Implementation Act, the Minister of Finance has on 6 April 2018 submitted the Draft Money Laundering and Terrorist Financing (Prevention) Act 2018 [Wet ter voorkoming van witwassen en financiering van terrorisme – Wwft] Implementation Decree, to the Senate ... Read More »

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