Gift Taxation (in brief)
What is a gift tax? In the nutshell, it is a transfer tax imposed on the gratuitous transfer of money or property from one individual or entity to another.
1. September 2024
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What is a gift tax? In the nutshell, it is a transfer tax imposed on the gratuitous transfer of money or property from one individual or entity to another.
Italy’s government has approved increasing the flat tax from 100,00 EUR to 200,000 EUR applied to income earned by wealthy individuals who transfer their tax residency from abroad to Italy under its optional, non-domiciled (‘non-dom’) tax regime introduced in 2017.
Oman is set to become the first GCC (Gulf Cooperation Council) country to implement personal income tax, expected to be introduced in 2025.
International Women’s Day (IWD) has a rich history dating back to the early 1900s, stemming from labour movements fighting for women’s rights.
The move to cancel it is a part of a larger €60 million support package to stimulate the Cypriot economy.
Luxembourg is a small country by size, but big one by its importance for investment industry as it is the biggest domicile for investment funds in Europe and the second preferred location for investment funds worldwide after the Cayman Islands.
