02/19/2024
Bermuda could raise $750m a year from corporate income tax
Those Bermudians who have made sacrifices under a tax system that many consider unfair and are challenged to make ends meet need realistic hope and confidence
02/19/2024
Those Bermudians who have made sacrifices under a tax system that many consider unfair and are challenged to make ends meet need realistic hope and confidence
02/19/2024
CARL partners are equity partners of Mazars globally
02/16/2024
The performance was boosted by a $1.18 billion net deferred tax asset related to the enactment of Bermuda’s new corporate income tax.
02/16/2024
A mix of existing and recently retired staff, together with some tax consultants are being used to get through the backlog, said the States.
02/15/2024
2023 returns will be available to complete from early March.
02/14/2024
It is essential to clarify that not all items can be subject to the reduced VAT rate; rather, only supplies commonly offered during the course of hiring a pleasure boat may be eligible for the reduced rate.
02/12/2024
Third consecutive year of double-digit fee income growth achieved across all service lines
02/12/2024
The IMF recognized the challenges associated with introducing corporate and personal income tax systems in The Bahamas, given the absence of a historical tax framework.
02/08/2024
SMARTS is being administered through the My Government Portal, which essentially serves as a central hub.
02/06/2024
Businesses need to look outward, he insists
02/06/2024
To comply with FATCA, a British Virgin Islands foreign financial institution is required to report information on U.S. taxpayers’ accounts to the IRS.
02/02/2024
Experts have warned Guernsey is on an "unsustainable" financial path and reform to the island's tax system or spending cuts are needed.
02/01/2024
The act will also require the Company to reverse certain transaction related purchase accounting adjustments
02/01/2024
The new controversy erupted after French newspaper Le Monde last week published the allegations
02/01/2024
For the full year, net income and core operating income were $9.03 billion and $9.34 billion, respectively, up 72.1 per cent and 45.2 per cent, and included the tax benefit.
01/30/2024
By implementing the GMT, a jurisdiction can claim the minimum tax on profit in that jurisdiction.
01/26/2024
The company said the strengthening was attributable to both its insurance and reinsurance segments in liability lines and professional lines predominantly related to 2019 and older accident years.
01/24/2024
Fitch said the tax was in response to the 15 per cent global minimum tax rate under Pillar Two of the OECD Global Anti-Base Erosion Rules introduced in 2021.
01/23/2024
Chamber of SMEs says it was unfair to single out the food sector
01/22/2024
Both the Bahamas Chamber of Commerce and Employers Confederation and the Bahamas Institute of Chartered Accountants have urged the government to push back the April 2024 deadline for that requirement another 12 months.