“Offshore Company” is the term used for companies established under jurisdictions that allow them to operate anywhere other than in the specific jurisdiction they are regulated in.

Many tax payers, resident in Italy, noted that the Swiss banks, where their money was invested, applied the Swiss anticipatory tax (Imposta preventiva svizzera) equal to 35% on dividends.

The Italian magistrates are investigating over a suspicious exchange of confidential government information between Susanna Masi, Treasury official and Ernst and Young, the important Professional Services and Accountancy Company.

Following the implementation of VAT from January 1st, 2018 in UAE, The Ministry of Finance (MoF) of United Arab Emirates has updated the Value Added Tax (VAT) FAQ section.

Natural and legal persons may freely enter into partnerships and set up companies in order to develop business activities under the Romanian Law. According to the Romanian Company Law, there may be incorporated five types of companies.