residents
The number of countries transmitting information about tax residents to Russia has increased
The organization for economic cooperation and development (OECD) continues to fight tax evasion and illegal profit-withdrawal schemes. One of the methods is the automatic exchange of information about foreign accounts, which Russia has been participating in since 2018. Tranio experts told about the news concerning persons holding foreign accounts.
In most cases, investments abroad involve the creation of foreign companies and opening accounts in foreign banks. Invoices may be required to purchase real estate or pay for utilities. Continue reading
Luxembourg became the first country in the world with free public transport
Buses, trams and trains in the country are now free, and you don’t need to buy a ticket.
Luxembourg became the first country in the world to make public transport free. This is reported by the publication 5minutes with reference to the government.
Tickets are no longer required for trains, trams, and buses in Luxembourg. However, we recommend that you have your identity documents with you. Continue reading
