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04 Jun, 2020
If you are planning on living in and working in Berlin, you will have to register for a Tax ID. This is an eleven digit number and you receive it when you first register in Germany. The Tax ID does not...
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26 May, 2020
As the late, great, Benjamin Franklin once said "Nothing is certain except for death and taxes". Whether you're rich or poor, small or big, there's no running from your taxes. Al Capone or Alphonse Gabriel Capone, one of...
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14 May, 2020
It is widely known that in many countries in the world various tax incentive measures are being implemented to develop maritime and other sectors of the economics connected with...
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13 Apr, 2020
A company will be considered resident for tax purposes in Gibraltar if the management and control of its business are exercised from Gibraltar. Whilst management and control has not been...
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12 Apr, 2020
On the 13th March 2020 Gibraltar transposed the EU 5th Money Laundering Direction (5MLD) through the Proceeds of Crime Act 2015 (Amendment) Regulations 2020. The transposition of 5MLD introduced a number of...
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02 Apr, 2020
On the 20th March, the Maltese Government announced a tax deferral scheme to assist local businesses to improve their business liquidity and ease pressures on their cash flow arising from the economic impact of the coronavirus pandemic. Furthermore, the...
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06 Mar, 2020
If you have checking, demand deposit, or investment accounts based with an offshore financial institution, there's a good chance that you will need to file what's known as a Foreign Bank Account Report. Popularly referred to as an FBAR, this report is...
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02 Mar, 2020
Under IFRS 16 'Leases', the lessee capitalises lease transactions as a right-of-use asset and a corresponding lease liability, unless the transactions relate to short term leases or low value leases, in which case the...
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26 Feb, 2020
Whilst recently negotiating a time to pay arrangement for a client with temporary cash-flow difficulties, due to recent growth of the business, we discovered that HMRC are able in the following circumstances to ignore the incomplete payment of the next...
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24 Feb, 2020
The term of the lease plays an important part in the accounting treatment of a particular lease. Under IFRS 16, it impacts the measurement of the right of use asset and lease liability in the lessee's books. It also...
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