Foreign Investment in Bosnia and Herzegovina
In recent years Bosnia and Herzegovina has been investing more efforts to attract foreign investments as one of the important ways to encourage economic development and solve problems of unemployment.
The Finance and Insurance industry group comprises establishments primarily engaged in financial transactions (transactions involving the creation, liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions. Three principal types of activities include: raising funds by taking deposits and/or issuing securities and, in the process, incurring liabilities; and pooling of risk by underwriting insurance and annuities; and providing specialized services facilitating or supporting financial intermediation, insurance, and employee benefit programs.
Industry code
FNS
Industry Code Full
FNS
Increase of the Tax Advantages for People “Incoming” to Italy
With the Law Decree n. 34 dated April 30, 2019, the Italian Government has just modified the tax special regimes provided in favor of researchers and lecturers (see my previous article of 2017) and other “incoming” people who decide to move to Italy. The above mentioned tax regimes are granted in order to encourage the scientific and technological development in Italy and “incoming” of human capital and provide important tax exemption from IRPEF (Italian personal income tax) and IRAP (Italian regional income tax) purposes.
Cryptocurrency, ICO and Legal Dilemmas
There are still intensive polemics related to cryptocurrency phenomenon, since new questions about their functioning are being raised on daily basis.
The French “Prelevaments Sociaux” Are Deductible From Italian Income Tax
According to article 6 of the tax treaty in force between Italy and France “income from immovable property, including income from agriculture or forestry, may be taxed in the State in which such property is situated”.
ICO and Bitcoin, Some Specificities
The grey zone that arises in the circumstances of the ICO and the crypto-currency is the one that suits them, but of course, it introduces certain doubts and uncertainties, at least from the point of view of most average people.
Insurance Ombudsman
The Insurance Ombudsman is established at the Insurance Agency of the Republic of Srpska, and it's main function is to enable the out-of-court settlement of disputes and disagreements arising from and related to the insurance contract.
Lee Stafford Achieves Successful Outcome in Rare Consumer Credit Act Case
In the case of Pilgrim Rock Ltd v Iwaniuk, Lee Stafford, successfully defended his client’s claim for the creditor’s contractual entitlement to interest to be reviewed and reduced due to the ‘unfair’ nature of the relationship.
Multilateral Convention to Implement Tax Treaty Did not Enter in Force in Italy Yet
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The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, adopted on 24 November 2016, is one of the outcomes of the OECD/G20 Project to tackle Base Erosion and Profit Shifting.
New Definition of Countries with Privileged Tax Status
Italian Government has just introduced a new definition of countries with privileged tax status, effective from the fiscal year starting after the fiscal year in progress
Special Tax Regime for Retired Individuals Who Move to Italy
A special tax regime has been just introduced in Italy, effective from January 1, 2019, in favor of retired individuals who receive a foreign pension, decide to move in Italy.