PARIS: France doesn’t have trust laws; a trust can’t be created under French law. However, French residents, including U.S. citizens residing in France, may create trusts under U.S. law or be beneficiaries of U.S. trusts.
At one time, it was unclear how France would tax its residents who were settlors or beneficiaries of trusts. As of 2011, it became all too clear. Recent amendments have further clarified the negative treatment of trusts.
LAHORE: The Federal Board of Revenue (FBR) has increased penalties and introduced new enforcement measures against sales tax registered persons...
PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has launched its official mobile application, “KPRA Sahulat,” on the Google Play Store,...
KARACHI: Goods transporters across Pakistan have announced another 5% increase in freight charges following a sharp rise in petrol and...
KARACHI: The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to extend the income tax...
