Belgium as tax residence Given its excellent location and its favorable tax system, high net worth individuals find Belgium to be the perfect operating base. High net worth individuals will find Belgium so attractive, because of the absence of net wealth tax and...
Obligations of Belgian tax residents to report foreign income and assets and the consequences of non compliance. Already since tax year 1997, Belgian tax resident individuals have to declare the existence of bank accounts they hold with banks abroad. This...
Discriminatory inheritance and gift tax regime for non-residents in Spain? Under Spanish regulations, mortis causa transfers and inter vivos gifts are subject to inheritance and gift tax (“IGT”). Spanish resident individuals are subject to IGT on their worldwide...
Russian law establishes special regulation for individuals’ foreign accounts. Individuals (Russian currency residents) cannot receive on their foreign accounts the majority of funds transfers. Spending of funds is less problematic, however subject to certain...
