Reduction of 99% on inheritance and gift taxes in Valencia
On November 22, 2023, the parliament of the Spanish region of Valencia passed a law that significantly reduces inheritance and gift taxes. Spouses, cohabiting partners registered in the “Registro de P…
Portugal introduces legislation for the transaction of crypto assets.
From January 1st 2023, Portuguese residents will have legal certainty pertaining to tax treatment of their investments in crypto assets. The 2023 Portuguese budget law stipulates that - amongst other…
The new eligibility criteria for the issuance of professional cards to foreign entrepreneurs in Flanders
Together with Nivard Bronckaers, Evelyne Van der Elst contributed to the latest edition of the Belgian Journal on Immigration Law. The authors made a critical analysis of the Flemish professional…
Andalusia becomes even more attractive from a fiscal point of view with abolition of wealth tax
Spain consists of 17 separate federal states that have autonomous fiscal powers. For instance, they have the power to grant individual exemptions and reductions, among other things, in wealth tax and…
Heads up for clients owning UK real estate via a foreign entity.
Do you own a UK property held through a foreign (non-UK) structure? Then the update below is relevant to you. On 1 August 2022, the UK Overseas Entities Register was established. Along with the…
New tax treaty between France and Belgium – Transfer of tax residence and sale of shares – The tax administration may follow you
The currently applicable double tax treaty between France and Belgium was concluded in 1964 and has been amended many times until 2009. After several years of negotiations, Belgium and France finally…
New tax treaty between France and Belgium - Do you own a French real estate property? Nothing is set in stone
The currently applicable double tax treaty between France and Belgium was concluded in 1964 and amended many times until 2009. After several years of negotiations, Belgium and France finally signed a…
Taxation of real estate held by foreign companies
The General Directorate for Taxes (GDT) has recently issued a binding ruling (V2070-21) analyzing whether a shareholder (non-resident individual) owning shares in a non-resident company holding a…
The reality principle vs. internal fictions in the sphere of double tax treaties
The reality principle means that tax legislation is to be applied to ‘reality’. At first sight, a very straightforward principle. However, on an international level, the working of this principle is not…
Closing the difference in taxable basis between foreign and Belgian real estate
New legislation on taxation of foreign real estate By law of 17 February 2021 (as published in the Belgian Official Gazette on 25 February 2021) and in light of multiple convictions by the European…
Heads up for private clients aiming to invest in real estate in Andalusia
Heads up for private clients aiming to invest in real estate in Andalusia: the transfer tax levied in the acquisition has dropped from 8-10% to a flat 7% ONLY until December 31 2021. Read more (in…
America, love it or leave it! Tax consequences of citizenship renunciation
The Unites States are known for their tax treatment of American citizens regardless of their place of residence or domicile. As such, US nationals have to file annual tax returns mentioning their…
Upcoming reform in the Porteguese Golden Visa Program
The Portuguese Government has decided to proceed with the reform of the Investment Residence Authorization Program, commonly known as " the Golden Visa Program”. This decision was adopted just b…
Wijziging van het tarief van overdrachtsbelasting in Nederland: wat verandert er voor u?
In beginsel is in Nederland overdrachtsbelasting verschuldigd bij de overdracht van een in Nederland gelegen onroerend goed, vergelijkbaar met onze registratie verkooprechten. Het huidige tarief…
New updates in sight for the Italian Investor VISA
1. Introduction Law Decree No. 34 dated 19 May 2020 introduced an important amendment to the Immigration Consolidated Act(1), pursuant to which the capital amounts that foreign individuals are…
Cazimir ranked in Chambers Guide
We are proud to share with you that, in the international guides voor private wealth law, Cazimir was once again ranked in the renowned Chambers Guides for professional advisors. Cazimir is a very…
AIJA Hong Kong
Our international team is attending the international AIJA conference in Hong Kong this week. This Conference will feature three distinct seminars: 'How to Raise Money from International…
International Wealth Advisors Forum 2.0
Our international team was invited to attend theInternational Wealth Advisors Forum 2.0 this year. We will represent Belgium as well as we can and hope to return with many new insights!
24th International Private Client Conference
Our international team is attending the 24th International Private Client Conference from the International Bar Association in London this week. Topics include: Trusts for civil law lawyers,…
Dutch government maintains dividend withholding tax
Under current Dutch legislation dividends distributed by Dutch companies to its shareholders are subject to a withholding tax of 15%. On 18 September 2018 the Dutch government released its Tax Plan…
Treaty between Finland and Portugal terminated by Finland. Belgians still welcome!
The Finnish government decided on 13 June 2018 to terminate the double taxation convention between Portugal and Finland of 1970 (the ‘DTC’). As a result, the DTC will no longer be effective from 1 Jan…
New case law offers opportunities for Belgian entertainers and sportspersons
Introduction In a judgement of 25 January 2018, the Belgian Court of Cassation confirmed that Belgium cannot tax income of a sportsperson residing in Belgium derived from activities exercised abroad.…
Beneficial owner of French companies - Deadline April 1st 2018
1. Obligations arising from the transposal of the EU directive European directive 2015/849 of 20th May 2015 to combat money laundering and financing of terrorism requires Member States to set up…
French real estate in companies and the “3% tax”
Those considering to purchase French real estate through a company must take into account a plethora of tax considerations. One of these considerations, the so-called ‘3% tax’ is often overlooked in pra…
New seat of effective management judgement confirms formalist interpretation
In a judgment of 23 November 2017 (2014/AF/217) the Brussels court of appeals gave a verdict on the tax residence in a Belgian-Luxembourg context. The judgement is interesting not only because of the…
France introduces changes to its wealth tax, maybe making it an ideal destination for you?
Recently France introduced changes to its well-known wealth tax. Instead of levying tax on all assets located in France, one would only be taxed on the value of the immovable property located in the…
The opportunities of Belgium for foreigners
In the past years and decades Belgium has quite a few times drawn the attention of wealthy individuals: the Dutch, the French and recently also Asians. Given the recent events in the United States,…
Cazimir ranked as a top 3 Belgian law firm
Cazimir ranked as a top 3 Belgian law firm in private wealth law, offering tailored advice in estate planning, family businesses, immigration and tax planning, both national and international.…
The race for the lowest corporate income tax has begun
On your mark, get set, go! The race to the bottom has begun. Prime Minister Viktor Orban recently announced to decrease the Hungarian corporate income tax rate to 9%, making Hungary the cheapest EU…
Divorce and matrimonial property in an international context
Clients with an international profile often ask us if we can commence divorce proceedings for them. This question can be aptly answered by the specialists in our firm. Usually, it concerns Belgian…
Belgium as a destination
In recent years, many stories regarding the relocation of wealthy individuals to Belgium have made the headlines. Not only fellow Europeans like the Dutch and the French have found their way to the…
Italy joins the non-doms
Italian Finance Act 2017 introduces ‘fixed charge regime’ for High Net Worth Individuals No taxation on worldwide income The Italian Finance Act 2017 proposes a new tax regime for new Italian res…
Payments to tax havens - now also applicable to offshore jurisdictions
The Belgian government has taken a new step in her fight against tax fraud and tax evasion. Article 44 of the law of 1 July 2016 has broadened the scope of the reporting requirement for payments to…