08/15/2023
Taxes paid under the proposed Bermuda corporate income tax regime would be those that would otherwise be payable to other jurisdictions under the OECD global minimum tax framework.
08/15/2023
The options detailed in the Government’s ‘green paper’ would eliminate the Business Licence fee for most, if not all, companies operating in the domestic economy
08/14/2023
Jersey, Guernsey, the Isle of Man and Ireland were included on the list, which considers factors such as ‘secrecy’, ‘harmful tax incentives’, and ‘unco-operative jurisdictions’.
08/14/2023
As part of an initial public consultation period, the Government has issued a public consultation paper to get public feedback on its current considerations in response to the OECD Pillar Two initiative, based on all of the advice received to date.
08/14/2023
Clearly, the important thing is to allow the players to focus on what is important
08/11/2023
The focus on VAT recovery on deal fees is often on the buy-side, with the acquiring vehicle not always able to reclaim VAT on significant professional and legal fees incurred in making the purchase.
08/10/2023
The launch of a consultation on a corporate income tax was announced yesterday by Bermuda Premier David Burt.
08/10/2023
The Bermudan government is looking to implement the law in 2025 after it concludes a series of public consultations within its community.
08/09/2023
The taxes paid under the proposed Bermuda corporate income tax regime would be those which would be payable to other jurisdictions under the global minimum tax framework.
08/08/2023
The organisation has published a statement of near-term desired outcomes, with the text of a multilateral convention needing just a few technical points to be resolved.
07/31/2023
The firm has also supported hundreds of Isle of Man students to achieve professional qualifications and pursue their careers locally and further afield.
07/28/2023
Agricultural Property Relief (APR) and woodland relief were extended to property located within the EEA in 2009 to ensure compatibility with EU law.
07/26/2023
The U.S. loses around $176 billion a year to tax havens,“ said Mark Bou Mansour, TJN’s head of communications.
07/24/2023
This means the level of revenue anticipated for the full year has already been collected within the first 6 months.
07/21/2023
Foreign banks are obligated to report U.S. owned accounts to the IRS, which also extends to foreign financial income and assets.
07/20/2023
This award reflects the contribution and commitment by every member firm to providing both exceptional client service and an environment
07/20/2023
The e-tax filing deadline for the second quarter of the year has been extended until Thursday
07/20/2023
During the same period last yar, the government had collected a total of MVR 1.6 billion in taxes.
07/18/2023
Those who do not fully cooperate or fail to come forward face 200 percent penalties and potential jail time: it’s a heady incentive to come clean.
07/18/2023
Business representatives in the country have told the local press that this could be the first step towards a full-fledged corporate income tax, though they say that could take a number of years.