business and finance

Tax-News.com: Belgium Announces COVID-19 Tax Measures

On April 3, 2020, the Belgian tax authority announced an increase in the credit available for timely advance tax payments to provide businesses and the self-employed a liquidity boost amid the COVID-19 crisis.




business and finance

Tax-News.com: Switzerland Extends COVID-19 Guarantee Scheme To Start-Ups

The Swiss Federal Council has announced that it will expand a system of guarantees for SMEs to provide support for start-ups during the coronavirus pandemic.




business and finance

Tax-News.com: Isle Of Man Ship Registry's STCW Platform Praised

The implementation of a new system by the Isle of Man Ship Registry for processing online applications for Standards of Training, Certification, and Watchkeeping for Seafarers endorsements has been hailed a great success by its clients.




business and finance

Tax-News.com: IoM Announces New Penalties For Incorrect Tax Returns

The Isle of Man is to introduce new penalties for tax return errors from October 6, 2016.




business and finance

Tax-News.com: Canada To Introduce New Anti-Avoidance Measures

The Canadian Government has announced the establishment of an independent advisory committee on offshore tax evasion and aggressive tax planning.




business and finance

Tax-News.com: IoM To Enhance BO Info Exchange With UK

The Isle of Man Government has committed to enhancing the effectiveness of arrangements to share "beneficial ownership" information with the United Kingdom.




business and finance

Tax-News.com: International Support For Beneficial Ownership Info Exchange

More than 20 jurisdictions have signed up to a pilot project to exchange data held on beneficial ownership registers and registers of trusts, according to UK Chancellor George Osborne.




business and finance

Tax-News.com: Canada Provides Update On Anti-Evasion Work

The Canada Revenue Authority is auditing over 750 taxpayers with suspected links to offshore "tax havens" and investigating 20 cases of tax evasion, the Government has said.




business and finance

Tax-News.com: IoM: Time Running Out For Tax Amnesty Declarations

The Isle of Man Treasury has warned that time is running out for taxpayers who have failed to declare all their taxable income.




business and finance

Tax-News.com: Canada To Ramp Up Efforts Against Tax Evasion

The Canadian Government has said that it will review its tax ruling process and voluntary disclosures program as part of its response to recommendations made last year by a parliamentary committee.




business and finance

Tax-News.com: Dassault Responds To Paradise Paper Leaks

French aircraft manufacturer Dassault Aviation has issued a statement on its tax arrangements in response to media coverage of the so-called "Paradise Papers."




business and finance

Tax-News.com: IoM Budget Includes Plan For Bank Tax

The Isle of Man's 2018 Budget maintains the zero percent company tax rate, and announces a banking tax review, which will look at taxing all banking profits at the 10 percent rate from next year.




business and finance

Tax-News.com: Isle Of Man To Introduce New VAT Fraud Penalty

The Isle of Man Treasury has announced that a new 30 percent penalty for participation in VAT fraud will be introduced from March 1, 2018.




business and finance

Tax-News.com: EU Committee To Consider VAT Response To Paradise Papers

Value-added tax avoidance will be considered by a new EU anti-tax avoidance committee, the creation of which is expected to be endorsed at an EU parliamentary plenary on March 1, 2018.




business and finance

Tax-News.com: UK Sets Out Upcoming VAT Reform Initiatives

The UK's Chancellor, Philip Hammond, delivering the Spring Statement earlier this month, announced a number of upcoming VAT reform projects.




business and finance

Tax-News.com: Switzerland, South Korea Sign AEOI Declaration

Switzerland and South Korea have signed a joint declaration on the automatic exchange of tax information from 2018.




business and finance

Tax-News.com: Abu Dhabi Free Zone Officials Visit China

Officials from the Abu Dhabi Global Market, a free zone in the United Arab Emirates, and the Abu Dhabi Exchange recently visited Shanghai, China, to meet with representatives of key Chinese financial authorities and institutions.




business and finance

Tax-News.com: Swiss Council Consults On Automatic Exchange Of Tax Info

The Swiss Federal Council has launched a consultation on a proposed new Ordinance on the International Automatic Exchange of Information in Tax Matters.




business and finance

Tax-News.com: UK To Close Property Developer Offshore Tax Loophole

The United Kingdom has legislated to stop property developers from using offshore structures in the Crown Dependencies to avoid UK tax on profits.




business and finance

Tax-News.com: Swiss Council Adopts Dispatch On 8 TIEAs

The Swiss Federal Council has adopted a dispatch on the introduction of the automatic exchange of financial account information with eight jurisdictions.




business and finance

Tax-News.com: Jersey, Cyprus Agree New Double Taxation Agreement

Jersey has signed a double taxation agreement with the Republic of Cyprus. This is the island's twelfth agreement that meets the international standard for such agreements.




business and finance

Tax-News.com: Jersey Financial Services Sector Steady Over Past Year

Recently released statistics by Jersey's Government show a steady or improving picture for the financial services sector in 2015.




business and finance

Tax-News.com: Pakistan Targeting Panama, Bahamas Leaks Taxpayers

Pakistan's Finance Minister, Mohammad Ishaq Dar, has directed the Federal Board of Revenue to approach the tax authorities of nine territories about information in the Panama and Bahamas leaks.




business and finance

Tax-News.com: Switzerland Consults On Implementation Of AEOI Agreements

The Swiss Federal Department of Finance has launched a consultation on the introduction of the automatic exchange of information in tax matters with a series of other countries.




business and finance

Tax-News.com: Jersey Announces Tax Amnesty

Jersey has launched a tax amnesty for prior unpaid taxes that will be offered until the end of 2017.




business and finance

Tax-News.com: Abu Dhabi Tax-Free Zone To Launch Foundations

Abu Dhabi Global Market, the low-tax international financial center, is seeking feedback on its proposal to allow the formation of "foundations," a trust-like entity widely used in civil law jurisdictions.




business and finance

Tax-News.com: Jersey Proposes Infrastructure Levy

Jersey is consulting on the introduction of a land development charge, to be called the Jersey Infrastructure Levy.




business and finance

Tax-News.com: UK, Netherlands Biggest 'Conduits' For Offshore Investment

Researchers at the University of Amsterdam have looked at how corporations make use of particular countries and jurisdictions to minimize their tax liabilities.




business and finance

Tax-News.com: Turkey Tops New Tax Complexity Index

Turkey is the jurisdiction with the world's most complex tax and accounting requirements, according to a new report by TMF Group.




business and finance

Tax-News.com: HMRC Shuts Down 'Liberty' Tax Avoidance Scheme

HM Revenue and Customs, the UK tax authority, has welcomed a ruling in its favor against a contrived tax avoidance scheme involving an entity in Jersey and the Cayman Islands.




business and finance

Tax-News.com: Apple Fires Back At Tax Avoidance Accusations

Apple, the world's largest taxpayer, has released a statement seeking to debunk claims in media about its tax payments around the world, following coverage in recent days about it seeking tax mitigation arrangements in Jersey due to international tax changes in Ireland affecting its existing tax arrangements.




business and finance

Tax-News.com: OECD Global Forum Discusses Tax Transparency Progress

200 delegates from more than 90 delegations met in Yaoundé, Cameroon, on November 15-17, 2017, for the 10th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes which now includes 147 countries and jurisdictions.




business and finance

Tax-News.com: South Africa, Belgium, Jersey Extend CbC Reporting Deadlines

South Africa, Jersey, and Belgium are among a handful of territories that have recently announced an extension to the due date for country-by-country reports under the new frameworks being introduced under Action 13 of the OECD's base erosion and profit shifting Action Plan.




business and finance

Tax-News.com: Jersey Ratifies BEPS Multilateral Instrument

Jersey has become one of only three jurisdictions to ratify the BEPS multilateral instrument to revise tax treaties to counter base erosion and profit shifting.




business and finance

Tax-News.com: Six More States Sign The BEPS Multilateral Instrument

A further six countries have signed the BEPS multilateral instrument, enabling them to swiftly amend their double tax treaties to incorporate the recommendations put forward by the OECD as part of its base erosion and profit shifting Action Plan.




business and finance

Tax-News.com: BEPS Multilateral Instrument To Enter Into Force

The OECD has announced that its multilateral convention to implement tax treaty-related measures to counter base erosion and profit shifting will enter into force on July 1, 2018.




business and finance

Tax-News.com: Malta Ratifies BEPS Convention

Malta has become the latest country to ratify the OECD's multilateral convention to counter base erosion and profit shifting.




business and finance

Tax-News.com: Netherlands Begins International Tax System Review

The Dutch Government has launched a consultation exercise on plans to review the country's tax treaty policy and to draw up a list of low-tax jurisdictions for the purposes of enforcing incoming controlled foreign company rules.




business and finance

Tax-News.com: Switzerland Begins Sharing Tax Data Internationally

Switzerland has made its first exchanges under the new international automatic exchange of information framework, the Common Reporting Standard.




business and finance

Tax-News.com: UK Crown Dependencies Introducing Economic Substance Rules

Each of the Crown Dependencies – Jersey, Guernsey, and the Isle of Man – have tabled legislation that will introduce new substance requirements for tax-resident firms engaged in certain industries from January 1, 2019.




business and finance

Tax-News.com: Netherlands Announces Tax 'Blacklist'

On December 28, 2018, the Dutch Government published in the Official Gazette a list of 21 low-tax jurisdictions. Companies doing business in these territories will face new anti-avoidance measures, intended to tackle tax base erosion and profit shifting.




business and finance

Tax-News.com: Singaporean BEPS Treaty Amendments Become Effective

The Inland Revenue Authority of Singapore has announced that the BEPS multilateral instrument entered into force for several of its double tax treaties on April 1, 2019.




business and finance

Tax-News.com: Netherlands Begins Consultation On Tax Blacklist

On October 7, 2019, the Dutch Government announced the launch of a consultation on the 2020 edition of the list of low-tax jurisdictions for the purposes of enforcing existing and forthcoming anti-avoidance legislation intended to tackle base erosion and profit shifting.




business and finance

Tax-News.com: Jersey Reassures Taxpayers Over Return Delays

Revenue Jersey has sought to reassure taxpayers over fears that they will be charged the default effective rate of tax from next January.




business and finance

Tax-News.com: Netherlands Adds To Tax Blacklist

Barbados and Turkmenistan have been added to the Netherlands' list of low-tax jurisdictions for the purposes of enforcing certain anti-tax avoidance rules, the Dutch Ministry of Finance announced on December 30, 2019.




business and finance

தயாரிப்பு துறை உற்பத்தி வளர்ச்சி சரிவுஏப்ரல் மாதத்தில் இதுவரை இல்லாத வீழ்ச்சி

...