Tax & Regulation
EU gives Spain two months to scrap ‘unfair’ expat fines
The European Commission has given the Spanish government two months to make Modelo 720 penalties fairer following revelations that fines issued for late or inaccurate tax returns can be as high as 150% of the undeclared assets.
Tax & Regulation | 24 Feb 17
Only 15 in Ireland disclose offshore assets as deadline looms
Just 15 taxpayers have voluntarily declared offshore assets to Ireland’s tax authority since finance minister Michael Noonan announced plans to take tougher action to tackle offshore tax evasion in his October 2016 Budget.
Brexit database to be launched for British expats in Europe
University of Cambridge academics are compiling a database to enable UK expats living in the EU to receive up-to-the-minute advice throughout the negotiation process once Britain triggers Article 50 later this year.
Malta slammed over ‘aggressive’ tax planning rules
Some of Malta’s tax rules may be used in structures of aggressive tax planning, a new report by the European Commission has found.
South Africa budget targets high earners with top rate hike
South Africa finance minister Pravin Gordhan has announced a new top tax bracket of 45% in his 2017 Budget.