Corporate Exit Tax

The Corporate Income Tax Act (“CITA”) aim to transpose the rules for exit taxation, described in Art.5 of Council Directive 2016/1164 of the European Union (“ATAD”). Exit taxation applies when a legal person (company) transfers assets or activity or its tax headquarters outside or within another EU member-country. The term ‘asset transfer’ indicates the act …

The Adjustment of International Accounting Standards to External Factors Affecting Business

The main means of analysing a company’s financial situation is their published financial statements. through them, financial analysts and investors receive substantial and reliable information. The challenges that companies now face in compiling their published financial statements are several with particular emphasis on external factors such as a global financial crisis, a pandemic (e.g. Covid-19) …

The Development of an Economy Is Also Based on attracting Parent Multinational Companies and Holding Companies

Multinational companies operate in different countries around the world. That is why they have the option to choose from which country to make and monitor their investments. Their investments in foreign subsidiaries may be made either by the parent company of the group or through a holding company. What country the holding company will be …

DAC 6: The EU Council Directive 2011/16 to Enhance Transparency and How It Works

The EU has adopted Directive 2018/822 known as cross border-tax regulations, known as DAC6, which member countries are obliged to incorporate into their fiscal legislative framework. This Directive aims to enhance transparency and exchange of information between member countries on combating cross-border aggressive tax planning. by Thanos S. Chonthrogiannis ©The law of intellectual property is …

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