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How is Cyprus treating proceedings from liquidation of foreign companies? I mean the surplus a shareholder/associate (physical person) receives from a foreign limited company subject to dissolution and liquidation. Ignoring the tax at source (which may depend on the country and DTA), which is...

Hi all, I am getting a bit confused and I would like to get more clarity. CASE 1 If company X is a Romanian tax resident company (micro-enterprise taxed at 1% or 3%), the distribution of dividends to a non resident individual is subject to which taxes? (Witholding tax? Dividend tax?) I...

Hi All I would like to highlight a potential idea I had looking at the Romania-US tax treaty and at Romania's local fiscal law. Let's imagine to have an online business and to work on US market (for example monetization in US) via one or more LLCs. We could imagine a structure like this...

Hi all based on this document: https://www2.deloitte.com/content/d...ments/Tax/dttl-tax-romaniahighlights-2021.pdf a romanian company can distribute dividends with 0% WHT to non-resident individuals and to resident companies. Deloitte at page 5 of the document above confirms this with a clear...

Let's start from this premise: the residence of an entity should be verified according to the local definition of residence (country-specific) and only in case of double residency a treaty could be used to determine the only residency of an entity. Having said that, I noticed that while in many...

i have read that - UAE have no long history of bankruptcy laws, so high risk of getting personal liability for directors/owners - even the risk of a judgement (i.e. a debt) against the person, may generate criminal liability (just based on the debt) if not paid or if the debtor is not solvent -...