The Senate approves deadline’s reopening for regularization of non-declared Brazilian capital located abroad

The Senate has approved on March 14th, 2017 the bill of law which grants to the contributors a new chance to regularize non-declared assets located abroad. The “new repatriation” shall have as bases the assets’ situation on June 30th, 2016, when dollar’s exchange rate was 3,2098. The total rate shall be 35,25%, considering tax rate Read More …

Reglamento Amnistia Fiscal Peru

El Poder Ejecutivo aprobó el sábado 25 de Marzo el Decreto Supremo 067-2017-EF, reglamentario del Decreto Legislativo 1264 que establece un incentivo tributario temporal para la declaración, repatriación e inversión de rentas no declaradas. A continuación algunas de as disposiciones mas importantes: Sujetos Comprendidos Personas naturales, sucesiones indivisas y sociedades conyugales domiciliadas en el país Read More …

Mexico Launches a Tax Amnesty

The Mexican government launched a program to repatriate undeclared funds. The decree took effect on January 19, 2017 and will end on July 19, 2017. These are some of the rules established and benefits: 1.    Applies to Mexican resident individuals or companies, as well as to permanent establishments in Mexico. 2.    Applicable to investments maintained abroad up to December Read More …

EXTRAORDINARY SUCCESS ARGENTINEAN VOLUNTARY DISCLOSURE

The outgoing Finance Minister Alfonso Prat-Gay called “an extraordinary success” the tax amnesty with USD 90 billion worth of assets that have been declared in Argentina so far. This represents 17 percent of the country’s GDP. The figure surpasses government and most private estimates and the programme has not yet drawn to a close. Analyst believe that in the months Read More …

Monaco Ratifies Convention on Mutual Administrative Assistance in Tax Matters

Monaco deposited yesterday its instrument of ratification for the Convention on Mutual Administrative Assistance in Tax Matters (“the Convention”). Monaco underlines its commitment to fighting tax evasion and avoidance and takes another important step in implementing the Standard for Automatic Exchange of Financial Account Information in Tax Matters developed by the OECD and G20 countries as Read More …

Greece Voluntary Disclosure

The Greek Parliament approved yesterday night a Law establishing a Voluntary Disclosure Program. The Law will be effective as from the date of publication in the official Gazette until the 31st of May of 2017. Taxpayers that have not filed tax returns or have filed insufficient or inaccurate tax returns, may submit initial or amending, debit or zero Read More …

Résident belge: Vous êtes dorénavant concernés par la Taxe sur les Opérations de Bourse (TOB)

Le budget adopté par l’Etat belge pour 2017 prévoit de doubler les plafonds de la taxe sur les opérations boursières (actuellement entre 650 et 2000€ en fonction du produit), mais surtout de l’appliquer auprès des intermédiaires financiers établis à l’étranger. Pour rappel cette taxe qui s’appliquait lors de l’achat ou de la vente de certains titres sur Read More …

LUXEMBOURG OFFICE OPENING

CoRe Service S.A. is a fast growing boutique firm, headquartered in Geneva and specialized in legal, tax, compliance, and regulatory matters. We continue to expand with the opening of our offices in Luxembourg effective December the 12th., 2016.  Our team of experts is perfectly located to service our multinational clientele with the highest quality standards. Luxembourg, is the Read More …