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It would seem that Maltese taxation is quite severe and the corporate income tax rate does not suggest that Malta is a low tax jurisdiction. However, this is not the case. The fact is that non-resident companies in Malta are entitled to a refund of taxes paid, which allows us to talk about the lower level of taxation in Malta compared to most countries in the world.
In order to claim a corporate income tax refund, a foreign company must be registered in Malta as a trading or holding company (deriving its income from trading activities or from participation in other organisations, respectively).
In the tax accounting of a Maltese company, the income earned by it must be recorded in one of four tax accounts: “foreign profits”, “Maltese profits”, “profits from immovable property”, “non-taxable income”. Each type of income is taxed according to its own rules. The final amount of tax is recorded in the fifth account “final tax”.
Example. Consider the two most common cases: a Maltese company derives profits from trading activities abroad and from participation in other companies. In either case, these profits are subject to statutory tax at 35 per cent, but the Maltese shareholders are entitled to claim a refund of the tax taken from the dividends distributed. The refund rules differ for different types of income.
If a Maltese company derives income from trading activities outside Malta (and the term “trading” includes both the direct purchase and sale of goods and the provision of services), its shareholders are entitled, upon receipt of the dividend, to apply for a refund of 6/7th of the tax previously paid in Malta. Therefore, the effective income tax rate will be 5 per cent.Stable Banking System: The Greek banking system is renowned for its stability and reliability, which ensures the protection of your finances and trust in your banking transactions.
The Hong Kong Securities and Futures Commission’s (SFC) licence for cryptocurrency activities is a key asset for companies seeking to operate within one of the world’s most prestigious financial hubs. It offers a unique combination of regulatory clarity and access to a developed financial market. This article discusses the key aspects of obtaining and the benefits of an SFC cryptocurrency licence in Hong Kong, using business language.
To open a business account – company documents
Document preparation: Including business plan, AML/KYC policies, evidence of required authorised capital and qualifications of key personnel.
Verification of the conformity of the activities carried out with the Law, provisions against the legalization of income, and the financing of terrorism, including as well as internal regulations;What services can companies with an online forex licence provide?Companies with an online forex licence can provide a wide range of services aimed at meeting the needs of traders and investors in the foreign exchange market. Here are some of the main services that such companies typically offer:
Taxation
Slovakia has about 70 international agreements on the elimination of double taxation, which allow resident taxpayers to protect their income from double taxation in different countries.
21% which is paid by companies resident for tax purposes in mainland Portugal and Portuguese Permanent Establishments of foreign entities
Legal Documents preparation in HungaryКаждый раз, когда я думаю о том, что случилось с кооперативом “Бест Вей“, меня охватывает ярость. Как могли наши “правоохранители” так нагло вмешаться в дела кооператива, арестовать наши деньги и лишить нас возможности получить наше жилье? Это не просто коррупция – это преступление против народа. Эти люди, которые называют себя защитниками закона, на самом деле занимаются преступной деятельностью, преследуя свои личные цели. Мы, пайщики, не собираемся молчать. Мы будем требовать справедливости, и мы добьемся того, чтобы истинные виновники этого фарса понесли заслуженное наказание. Пусть они знают, что народ видит их настоящие лица и не простит им этого. Мы будем бороться до конца!
This city is developing the world’s tallest timber tower, again
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The US city of Milwaukee is already home to the world’s tallest timber tower. But another, even taller, wooden skyscraper could be added to its skyline, designed by Vancouver-based studio Michael Green Architects (MGA).The firm recently released plans for the development, which includes a 55-story tower made principally from mass timber — thick, compressed, multilayered panels of solid wood. If built, it would usurp the current world title holder, the 25-story Ascent tower by Korb + Associates Architects, as well as becoming the tallest building in the state of Wisconsin.
MGA, which specializes in wooden architecture, hopes that the project will set a “new global benchmark for mass timber construction.”
The project is part of the redevelopment of the Marcus Performing Arts Center, which opened in 1969 and won the Honor Award for Excellence in Architectural Design from the American Institute of Architects in 1970. Led by Neutral, which bills itself as a “regenerative development company,” the redesign will transform what is currently the center’s concrete parking lot into a space with residential units, offices, restaurants, cafes, grocery stores and public plazas. According to MGA, construction will cost an estimated $700 million. The plan is currently going through the city’s approval process, during which it is expected to evolve.
Why timber?
While the use of mass timber is steadily increasing worldwide, thanks to changes in building regulations and shifting attitudes towards the material, it has yet to match the sheer height of buildings made of concrete and steel — although a slew of timber high-rises have been proposed in recent years. MGA says its tower design would be approximately 600 feet (182 meters) tall — more than double the 284 feet (87 meter) tall Ascent tower.“The race for height is important,” said Michael Green, an architect and founder of MGA. “It’s not about showing off, it’s about showing what’s possible to the public.”
He argued that the reason timber skyscrapers haven’t yet become mainstream is because climate change hasn’t been at the center of the conversation. “We didn’t really need to challenge the status quo of steel and concrete,” he said. “But because those materials are so hard on the climate, we had to find a different way to build towers and big buildings in general.”
End of an era: The big change coming to European travel in November
[url=https://rabota-webcams.ru/]работа вебкам модель пара[/url]In travel news this week: an accidental megadeal on first-class tickets, the world’s best-connected airport and why now is a good time to plan a trip to Europe. Plus a bit of relief for those of you traveling this Labor Day weekend.
Goodbye to EU passport stamps
Paper mementoes of our travels, from boarding cards to even passports themselves, are fast moving into obsolescence.The inky, smudgy joy of a fresh passport stamp will be a thing of the past for visitors to the 29 countries of the European Union Schengen Area starting November 10. That’s when the new automated Entry/Exit System (EES) comes into effect.
It’s separate from the delayed ETIAS visa waiver program, which is due to start in the first half of 2025 and will mean travelers from outside the EU will be charged a €7 entry fee that is valid for three years.
Destination inspiration
Get your stamps while you can with these European vacation picks.Il dolce far niente – “the sweetness of doing nothing” – has been perfected by Italians on their vacations in southern sweet spots such as Naples, Ischia, Puglia, the Amalfi Coast and Capri. These remarkable photographs by UK photographer Lucy Laucht show how to relax the Italian way.
In Hungary, the Gresham Palace is the grandest Budapest hotel of them all, having sat in its prime position overlooking the River Danube for more than a century. Here’s how this architectural gem looks in its current incarnation.
Finally, if you’re considering a longer stay, an idyllic Swedish town is selling off land with prices so low you might think they’re mistakes. But Gotene, 320 kilometers (200 miles) southwest of Stockholm, is indeed selling plots with prices starting at just 1 krona, or 9 US cents, per square meter (11 square feet).
Aviation news
An airline accidentally offered a megadeal on first-class tickets, with 300 lucky customers getting savings of 85% off. Here’s what happened next.The staff at Australian flag carrier Qantas must have been flat-out like a lizard drinking sorting that mess out. And if you don’t understand that lingo, it’s time to check out our guide to Aussie slang.
An airport on the edge of southeast Europe has been named the best connected in the world, with more than 300 direct flights to unique destinations. It’s been networking fast, too; it only opened in 2018.
