Managers of Wealth Offshore

Understanding the digital VAT

Several services are listed as likely to become liable to VAT collections once enforcement is in effect.

Crypto Tax Havens Emerge as Countries Diverge on Policies

The regulatory environment in the UAE is clear and pro-crypto, making it an attractive destination for crypto enthusiasts.

New US Remittance Tax for Caribbean residents

While the tax will apply significantly to cash-based transfers, money orders, cashier’s checks, and similar instruments, it notably exempts bank wire, debit, credit card payments, and most digital remittance services.

New Auditor General Patrick Smith aims for robust and realistic budgets

Smith’s experience working for KPMG

HMRC accused of cutting secret loan charge deal with large companies

Tax office reached generous settlements while punishing contractors with crippling bills, documents suggest

Spain and Brazil advocate for new taxes on ultra-rich to boost climate finance

The US participated in the lead-up to the Summit but skipped out on the event itself, after the Trump Administration withdrew support for the UN’s sustainable development agenda earlier this year.

States of Guernsey agrees action to prevent tax avoidance

This will require the company to report and pay tax on behalf of the shareholder at 20% on these repayments.

US ‘revenge tax’ bites the dust

At issue was the OECD Pillar 2, the global minimum tax agreement that the US, although a party to, had refused to implement.

Malta’s fiscal strategy

Stability without new taxes

Business group criticised for intervention on tax

Currently finance businesses pay 10% tax on their profits, while other companies pay no corporate income tax.

Cayman National Bank shares offer called ‘inadequate’ by KPMG

Cayman National added in a directors’ circular to affected shareholders, “While the offer price offers certainty, it is arguably not compelling.”

Gov't eyes completion of tax residency certificate

This certificate will enable expatriate residents and investors to prove that they are resident in the Commonwealth of The Bahamas.

Wealth advisers helping tax evasion face fresh fines

Advisers who help clients evade tax will face fines under rules that have come into force from 01 January this year.

French authorities search SocGen's offices in tax fraud investigation

This investigation is separate from the so-called "cum-ex" dividend stripping probe involving SocGen, the source said.

FNM to slash yacht tax rate 'highest in Caribbean-Atlantic'

The roll-out provided no clear path for foreign-flagged yachts to obtain a Bahamian VAT number.

Measures to combat offshore tax evasion

The Central Board of Direct Taxes (CBDT) regularly undertakes a systematic review of data so received and identifies taxpayers, whose cases require further verification.

HMRC AI and tech to support plan to collect extra £500m tax from most wealthy

HMRC’s director general of compliance Penny Ciniewicz reinforced the department’s commitment that “over the next few years, we are looking to invest in our risking and our data – because the risking only works off the data”.

Next States likely to revisit plans for GST-plus

The GST-Plus package of tax reforms includes a 5% GST

Tax revenues from financial sector rise nearly 20 percent

The report also revealed that the total number of banks and trust companies licensed in The Bahamas declined by five to 192 in 2024

Realtors compared to ‘plane in holding pattern’ on VAT move

Two key reforms to the VAT Act have aroused realtor fears as they make the profession “jointly and severally liable”