The EU Parent-Subsidiary Directive primarily aims to eliminate double taxation for subsidiaries and parent companies incorporated in EU Member States. Avoid double taxation of income for large shareholders By rule, large shareholdings are assessed with tax on income...
All Luxembourg Soparfis are subject to an overall combined rate of corporate income tax and municipal business tax of 24.94%. When broken down, Soparfis are subject to corporate income tax at a rate of 17% with an additional 7% for solidarity surcharge. On the other...
Hong Kong is a popular destination for wealth management due to its low tax rates for domestic and foreign investors alike. Its existing laws, developed by the Inland Revenue Department (IRD) essentially limit taxation on high-net-worth foreign residents and legal...
On 17 December 2021, the Swiss Parliament moved forth to amend its Withholding Tax Act. To further reinforce the country’s debt capital market and boost its reputation as an attractive jurisdiction for group financial activities, authorities have agreed to abolish...
