IT Law

Worldwide taxation vs territorial taxation

In matters of international corporate taxation, understanding not only tax rates but also the principles of taxation is crucial. Depending on the taxation principle enforced in a particular country, income is subject to taxation differently. Worldwide jurisdictions can be divided into the following groups based on their taxation types: Jurisdictions, in which the income of [...]

Curacao gaming license: new licensing regime in 2023

Currently, Curacao stands as one of the top choices among jurisdictions for acquiring gaming licenses. The simplicity of obtaining a Curacao gaming license and its favorable tax conditions make it an appealing choice for numerous entrepreneurs. However, Curacao licenses have their peculiarities: they are divided into master licenses and sub-licenses. For a long time [...]

Ukrainian VAT on electronic services

In 2021 Ukrainian parliament introduced new VAT rules applicable to foreign companies providing the so-called "electronic services" in Ukraine. Below is a brief overview of the new Ukrainian VAT rules. GFLO Consultancy provides consulting services in the field of tax law of Ukraine. Contact us today. [...]

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