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The Panama Canal, a crucial pillar for international trade, faces an unprecedented challenge today: a severe drought that has led to the implementation of temporary measures. These include reducing the number of daily ship transits and limiting draft, thereby increasing operational costs and affecting the efficiency of global trade. The root of the problem lies

The concept of Permanent Establishments (PE) included in various Double Taxation Avoidance Agreement models has always been a focal point for the OECD. Action 7 of its BEPS Action Plan(1) aims to prevent the artificial avoidance of PE status through a series of measures. The definition can be found in Article 5 of the Model

In a global economic landscape marked by the COVID-19 pandemic and geopolitical tensions, the Dominican Republic emerges as an attractive destination for investment in semiconductor manufacturing. With solid economic growth and a conducive environment for foreign direct investment (FDI), the Caribbean nation positions itself as a standout candidate in this high-tech industry, projected to be

Registering your commercial brand is essential to safeguard your business and stand out in the market. In this article, we’ll explain to you in a concise and clear manner how to carry out this process in Spain, along with its benefits and key steps. There are different types of brands, from nominative to mixed, each

In a recent update, we bring you the list of countries currently part of The Hague Convention following the latest additions: ALBANIA GERMANY ANDORRA ANTIGUA AND BARBUDA SAUDI ARABIA (12/07/2022) ARGENTINA ARMENIA AUSTRALIA AUSTRIA AZERBAIJAN BAHAMAS BAHRAIN BARBADOS BELGIUM BELIZE BHARAT (formerly India) BELARUS BOLIVIA BOSNIA AND HERZEGOVINA BOTSWANA BRAZIL BRUNEI-DARUSSALAM BULGARIA BURUNDI CAPE VERDE

Expansion of the Minimum Exempt Amount in Wealth Tax for Non-Residents: Non-resident taxpayers must pay taxes in Spain out of personal obligation, meaning they are subject to taxation on the assets they hold in Spanish territory (above certain amounts), specifically the amount in wealth tax. The two taxes applied are the Wealth Tax (WT) and

The Food Labeling System in the United Kingdom is Set to Transform Consumer Safety and Transparency from January 1, 2024. Producers and importers must now add physical addresses to product labels, ensuring greater transparency and safety for consumers Spain, recognized as one of the primary exporters of food products to the UK, faces a scenario

The “Start-Ups” Law published at the end of 2022 introduced significant changes regarding the Special Regime for Expats (Beckham Law) to attract so-called “digital nomads” (international teleworkers), company directors (without a minimum shareholding, although maintaining the 25% requirement for directors of asset-holding companies), and entrepreneurs who move to Spanish territory and have not been tax

The entry into force of the Whistleblower Protection Law on March 13, 2023, marked a significant change in Spain, imposing on companies the obligation to establish an internal reporting channel for their personnel. What does this law imply? The Law 2/2023, better known as the Whistleblower Protection Law, requires public institutions, companies, political organizations, and