Bill Of Law No. 7333 On The Multilateral Instrument

On 7 June 2017, Luxembourg together with 67 other jurisdictions, signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (“Multilateral Instrument” or “MLI”). One of the main purposes of the MLI is to update international tax rules and lessen the opportunity for tax avoidance by multinational enterprises by transposing the results from the BEPS project into more than 2,000 tax treaties worldwide.

On 3 July 2018, the Luxembourg Government submitted Bill of […]

By |August 3rd, 2018|

Nigeria And Ghana Have Concluded A Double Taxation (Avoidance) Treaty

Nigeria and Ghana have signed an agreement for the avoidance of double taxation between the two countries. The negotiation process was concluded on Thursday 26 July 2018. The agreement will be signed by the competent authorities of both countries at a future date.

Once signed, the agreement will then be presented to the National Assembly for ratification in order to give it the force of the law in Nigeria. South Africa is currently the only country […]

By |August 1st, 2018|

VAT In The United Arab Emirates

As many countries from the Western part of the world already know, Tax is the means by which governments raise revenue to pay for public services. Government revenues from taxation are generally used to pay for public hospitals, schools and universities, defense, etc…

There are different types of taxes, such as direct taxes – collected directly by governments (income tax, corporate tax) and indirect taxes (collected for governments by an intermediary).

Value Added Tax (or VAT) […]

By |July 28th, 2018|