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Compared to 49 people last year, their number has now increased to 91 people. In addition, the number of cases handled by HMRC's dedicated crime investigation service has increased from 437 last year to 539 this year. The Tax Office pays increased attention to those with a net worth of more than £10 million. HMRC's success in tax investigations has increased its budget from £975 million to £1.1 billion. Improved information exchange between tax authorities of other countries thanks to the Connect system, which operates on the basis of artificial intelligence, has led to such...

Failure to pay taxes on time will result in penalties and problems with the tax office. All companies that conduct business in the UAE must register as a taxpayer. Companies that received permission to operate in March or April must apply for registration. In addition, residents whose income exceeded AED 1 million during the year must also submit an application no later than March 31, 2025. And non-residents who received an income of 1 million dirhams in 2024 must also register within 3 months from the date of receiving 1 million. There is a special platform “Emarat Tax” for filing a corporate tax payer application. A fine of Dh10,000 will be applied to anyone who is not...

The first automatic exchange of financial data with other countries will occur in 2024. This is one of the obligations to the EU on the path of integration. First reporting period: 07/01/2023-12/31/2023. Recently, the State Tax Service published a list of countries that participate in data exchange. The list includes 118 countries: Albania, Andorra, Anguilla, Antigua and Barbuda, Argentina, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Barbados, Belgium, Belize, Bermuda, Brazil, Virgin Islands, Brunei Darussalam, Bulgaria, Canada , Cayman Islands, Chile, China, Colombia, Cook Islands, Costa Rica, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Dominica, Ecuador, Estonia, Faroe Islands, Finland, France, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guernsey, Hong Kong (China), Hungary, Iceland, India, Indonesia, Ireland, Israel, Isle of Man, Italy, Jamaica, Japan, Jersey, Kazakhstan, Kenya, Korea, Kuwait, Latvia, Lebanon, Liberia, Liechtenstein, Lithuania, Luxembourg, Macau (China), Malaysia, Maldives, Malta, Marshall Islands, Republic of Mauritius, Mexico, Moldova, Monaco, Montenegro, Montserrat (UK), Morocco, Nauru, Netherlands, New...

Among the countries that cooperate with Ripple in the development of central bank digital currencies are Georgia, USA, Bhutan, Palau, Montenegro, Colombia. Each country is partnering with Ripple on a separate initiative. For example, in Georgia, work is underway on the Digital Lari pilot project, which is aimed at strengthening the financial sector. And in the US, Ripple is helping with the development of the digital dollar. Ripple plans to take a leadership position in the development of digital currency around the world, and make its transactions as fast and secure as possible. In addition, the company focuses on environmental friendliness, introducing technologies that require less energy consumption. The concept of digital currencies and their introduction at the state level causes a lot of controversy among citizens. Some believe that in this way the state will be able to gain greater control over the finances of the country's residents and thus jeopardize the concept of financial...

The proposal for a reduction came from the Ministry of Internal Affairs of the country. It is proposed to lower the bar by 50,000 euros. Thus, the government will try to attract new foreign investors to Cyprus who will be able to guarantee their financial stability while living on the island. Therefore, the terms of consideration of this proposal may be delayed. The text of the draft law can be submitted for approval by the entire composition of the parliament before the beginning of the summer parliamentary vacation in the fall or at the beginning of the winter of 2024. The new bill stipulates that a citizen of a third country must buy real estate worth at least €250,000 + VAT. The foreigner must also have an annual guaranteed income of €40,000 and €10,000 per year for each family member (husband/wife and minor children or adult university student...

The country plans to introduce restrictions on the purchase of real estate by foreigners due to rising rents and social tensions. At the same time, in April 2024, the issuance of "golden visas" was already stopped. Raising rents and restricting sales can reduce speculation and make housing more affordable. Also, one of the positive points for the Spaniards is the possible increase in the fund of social housing. At the same time, a decrease in foreign investment may have a negative impact on the construction and tourism sectors. So, for example, in 2022, foreigners invested €6.35 billion in the Spanish economy. The EU prohibits complete bans on the purchase of housing for citizens of member countries. But the nationalist party is in dire need of...

4.5 million foreigners visit Israel annually. Most of them do not need a visa to enter. The innovation involves filling out an electronic visa or electronic travel permit (ETA-IL). The Israel Migration Service advises to submit an application at least 3 days before departure, and warns applicants about additional questions. Permits must be obtained by people who enter Israel for a period of up to 90 days at the invitation of relatives or friends, for business purposes as tourists. People traveling to Israel for medical treatment do not need an ETA-IL permit. The system has already been in effect for citizens of Germany and the USA since June 1. From July 1, the regime will operate in test mode for other countries. And from August 1, the ETA-IL permit will be mandatory for tourists from all countries with which Israel operates a visa-free regime. To obtain an ETA-IL, you need to fill out an application on the website of the migration service and pay a duty of about 7 dollars. The application process will be free of charge from June 1 to July 1. ETA is valid for up to 2 years or until the expiration of the foreign passport. At the same time, the maximum length of stay is...

Citizens of Moldova will not be able to obtain Moldovan citizenship if they are under criminal prosecution, are serving or must serve a prison term as a result of a court sentence, or have an outstanding criminal record. Applications for the acquisition of Moldovan citizenship will be checked, including by employees of the Information and Security Service. Also, the authors of the draft law are considering the possibility of extending the application review period by six months. Amendments to the law enter into force from the moment of publication in the official printed body of the government. Applications currently pending will be processed under the new...

Фінська служба імміграції повідомила про автоматичний моніторинг стартапів та ВНЖ, які видавалися за стартап-візою. Таких заходів вжито, щоб переконатися у відповідності підприємців до вимоги резиденції. Закон передбачає видачу дозволу на проживання особі, яка започатковує стартап або володіє новою компанією, яка націлена на розвиток. Перед тим, як подати заявку на отримання ВНП, підприємець повинен отримати позитивний висновок від Business Finland. Моніторитимуть відповідність вимогам до дозволу на проживання. У тому числі перевірятимуть переїзд підприємця до Фінляндії. Служба імміграції може автоматично перевіряти інформацію в національних...