Author: Christopher Klug BA, JD, LLM Basswood Counsel PLLC (formerly Klug Counsel PLLC) E: [email protected]

Edited by: Integra International Grant Gilmour, CPA (Canada, BC) CPA (USA, Arizona) Integra Tax World Newsletter Editor E: [email protected]

Planning for the New U.S. Tariffs in the U.S. and Worldwide

A significant part of President Trump’s policy is to use tariffs to increase production in the United States.  The tariffs are certainly controversial with United States trading partners and most country specific tariff rates are still being negotiated.  Recently, the United States and Japan agreed to a tariff rate of 15% and the United States and the European Union agreed to a general framework to also have a tariff rate of 15%.  The United States is the largest consumption country in the world, so the enactment of wide sweeping tariffs has a ripple affect across the world.… Read More

Author: Eugenia Campbell Partner bright grahame murray, Chartered Accountants E: [email protected]

Edited by: Integra International Grant Gilmour, CPA (Canada, BC) CPA (USA, Arizona) Integra Tax World Newsletter Editor E: [email protected]

Reform of the UK Non-Dom tax regime. What has changed?

From 6 April 2025 the UK non-dom regime was abolished and replaced by a 4-year foreign income and gains (FIG) regime, which is tax residence based. The concept of long-term tax resident (“LTR”) was introduced, and domicile was removed for tax purposes, although it remains relevant for pre-April 2025 tax considerations.

Taxpayers who do not qualify for the FIG regime will be taxed on their worldwide income and gains as they arise.

The new foreign income and gains (FIG) regime

The FIG regime will apply to taxpayers who become UK tax resident after a period of 10 consecutive years of non-UK residence.… Read More

Author: Paul Correa Managing Director Fiduciary Wealth Management Limited E: [email protected]

Edited by: Integra International Grant Gilmour, CPA (Canada, BC) CPA (USA, Arizona) Integra Tax World Newsletter Editor E: [email protected]

 

Unlock Exceptional Tax Advantages and an Enviable Lifestyle by Moving to Gibraltar

Moving to Gibraltar is becoming increasingly attractive for foreign nationals seeking significant tax advantages and an enhanced quality of life. Commonly referred to as “The Rock of Gibraltar,” this British Overseas Territory provides considerable tax benefits, making it particularly appealing to expats pursuing Gibraltar Residency. This article explores why Gibraltar should be considered a leading destination for achieving financial freedom and lifestyle excellence.

Gibraltar: A Premier Destination with Outstanding Tax Benefits

Gibraltar boasts an exceptionally favourable territorial tax system, taxing only income generated or accrued within Gibraltar itself.… Read More

Author: Integra International Grant Gilmour, CPA (Canada, BC) CPA (USA, Arizona) Integra Tax World Newsletter Editor E: [email protected]

 

Tariffs? What are they and how do they work? A glossary for accountants and their clients.

Tariffs are defined by the World Trade Organization as customs duties on imports. The roll of accountants and tax and legal advisors is to help clients understand and either mitigate the impact of taxes or recognize opportunities in taxation for savings. Tariffs and duties are a form of taxation. But until recently they were stable and predictable and often were not considered as planning opportunities by taxation professionals. This glossary is designed to build your familiarity with the concepts and language of tariffs.

Tariffs – are charged by the customs and border security branches of governments of countries when products reach their borders and are processed and released into commerce in that country.… Read More

Author: Manami Yahata Senior Tax Associate Actus Tax Corporation E: [email protected]

with contributions from: Tetsunori (Ted) Chiba, LLM, MST International Tax Partner Actus Tax Corporation E: [email protected]

Edited by: Integra International Grant Gilmour, CPA (Canada, BC) CPA (USA, Arizona) Integra Tax World Newsletter Editor E: [email protected]

 

Understanding Japan’s Anti-Avoidance Rules and Tax Regulations

Japan has developed a robust system to prevent tax avoidance, particularly through the use of foreign subsidiaries or corporate structures that minimize tax liabilities. While Japan does not have a General Anti-Avoidance Rule (GAAR) like some other countries, it addresses tax avoidance using targeted, specific anti-avoidance rules. These rules focus on certain transactions or structures that appear to be primarily designed to reduce tax obligations, without substantial economic justification.… Read More

Author: George Giannopoulos Partner E: [email protected]

Edited by: Integra International Grant Gilmour, CPA (Canada, BC) CPA (USA, Arizona) Integra Tax World Newsletter Editor E: [email protected]

 

Lower Tax Using Alternative Taxation for New Residents in Greece

In recent years, Greece has seen a growing international community, which includes retirees, professionals, students, and digital nomads. Foreign nationals living in Greece represent an expanding group of people who choose the country for various reasons.

Climate: Mediterranean weather with mild winters and warm summers, ideal for outdoor activities. Relatively Low Cost of Living: Although living costs have risen recently, life in Greece is often less expensive than in other Western European countries and elsewhere. Natural Beauty: Islands like Santorini, Crete, and Rhodes, as well as mountainous regions and coastal towns, are major attractions.… Read More

Author: Victor Serrão, CPA Partner, Pitmen Auditores Independentes W: www.pitmen.com.br E: [email protected]

Edited by: Grant Gilmour, CPA (Canada, BC) CPA (USA, Arizona) Integra Tax World Newsletter Editor E: [email protected]

 

The Brazilian tax reform, a crucial initiative to simplify and modernize the country’s tax system, is currently being processed by the National Congress. At the moment, the Chamber of Deputies is still negotiating internally the deadline to conclude the vote on the second text that complements the tax reform. Initially, the new legislation is expected to come into force in stages, between 2025 and 2033.

The reform proposes the transition from the current model, which includes taxes such as PIS, COFINS (Contribution for the Financing of Social Security), ICMS (Tax on the Circulation of Goods and Services) and IPI (Tax on Industrialized Goods), to a taxation model through the Tax on Goods and Services (IBS) and the Contribution on Goods and Services (CBS).… Read More

Author: Grant Gilmour, CPA (Canada, BC) CPA (USA, Arizona) Integra Tax World Newsletter Editor E: [email protected]

With Contributions from: Franz Schweiger, BF Consulting Austria Dr. Filip Schade, Wagemann + Partner, Germany David Lucas, Bright Grahame Murray, United Kingdom Victor Serrao, Pitmen, Brazil Wayne Soo, Fiducia LLP, Singapore

Edited by: Mark Saunders, BA FCA Chief Operating Officer Integra International E:  [email protected]

 

This is a question that tax practitioners around the world are often asked. Business owners and investors and really everyone would like the calculation of tax to be as simple as INCOME multiplied by 10 PERCENT gives TAX. And income is often reported and audited by the other “type” of accountant, the Financial Accountant. Business owners are going to ask why don’t we use the same number(s) in both cases?… Read More

Author: Ewa Suwińska – Licensed Tax Advisor INDEPENDENT TAX ADVISERS Warsaw, Poland E: [email protected]

 

Edited by: Grant Gilmour, B.SC., MBA, CPA BC, CA, CPA AZ Integra Tax World Newsletter Editor E:  [email protected]

 

Polish Judgement of the Voivodship Administrative Court Dated  11 June 2024

The Polish Voivodship Administrative Court (in Gliwice), in its judgment of 11 June 2024, (ref. no. I SA/Gl 914/23), addressed the issue of creation of a permanent establishment [PE] when employing staff in a home office.

The case concerned whether a German company (Company) had or did not have its Poland registered office and management at the home office of its employees in Poland. The Company has employment contracts with two Polish tax residents. They were employed as a customer a support engineer and a product manager.… Read More

Author: Rakesh Ghirah LLM, Associate Partner VAT | Indirect Tax| Londen & Van Holland Amsterdam, Netherlands [email protected]

 

Edited by: Grant Gilmour, B.SC., MBA, CPA BC, CA, CPA AZ Integra Tax World Newsletter Editor E:  [email protected]

 

Based on the Value Added Tax [VAT] Directive the VAT Law in the European Union is harmonized. In principle a 0% VAT rate applies to Business to Business [B2B] transactions where goods are supplied from one Member State to another. However, this 0% VAT rate can be exploited for carousel fraud, contributing significantly to the VAT Gap in Europe, which was estimated to be around €61 billion in 2021. The VAT Gap is the estimated overall difference between the expected theoretical VAT revenue and the amount actually collected.… Read More