02/04/2022
The legal basis for VAT refunds can be found in Article 107 paragraph 1 letter b of the Federal Act of 12 June 2009 on Value Added Tax (VAT Act) and in Articles 151 - 156 of the Value Added Tax Ordinance of 27 November 2009 (VAT Ordinance).
02/01/2022
BAHAMAS: New Tax Measures To Bridge ‘Gap’ Over Gov’Ts Extra $1.3bn
Mr Wilson, while not providing any details on the new and/or increased taxes under consideration, said the Government’s senior tax officials were also confident that “a significant” sum remains uncollected annually across real property t
01/30/2022
The Scottish National Investment Bank was launched in 2020 by First Minister Nicola Sturgeon.
01/28/2022
The data, acquired from HMRC via a freedom of information request, shows that the number of annual sign ups has fallen from 877 in 2018-19 to only 26 in the most recent full year, 2020-21.
01/26/2022
Minister maintains “everyday, working-class Bahamian” not being targeted
01/26/2022
Inclusive Framework BEPS Agreement – Policy Perspectives
KPMG response to the Inclusive Framework BEPS announcement made on 20 December 2021.
01/25/2022
To cushion the blow of sustaining such “a correction all at once”, Mr Halkitis said the Government is providing a $312.50 tax rebate to all owner-occupied properties
01/25/2022
When the accountholders provide their information to a financial institution, they expect that the institution will use their information to comply with the law.
01/24/2022
Guernsey introduced such a measure back in November 2017 in a law which reflects much of the same language as that now proposed in Jersey.
01/21/2022
Governments need to ensure that the taxable profits of MNEs are not artificially shifted out of their jurisdiction and that the tax base reported by MNEs in their country reflects the economic activity undertaken therein and taxpayers need clear guidance
01/21/2022
Journalists were able to find widespread irregularities such as the backdating of documents
01/21/2022
The industry notice also indicates that revised economic substance guidance notes reflecting the changes in the Amendment Regulations will be published on the Registrar of Companies website in early January 2022.
01/20/2022
The minimum levy, agreed by 137 countries in negotiations led by the Organisation for Economic Co-operation and Development, is part of wider corporate tax reform plans that address the challenges of taxing large tech companies and other multinationals th
01/20/2022
The ESG framework assesses environment, social and governance factors to measure the sustainability, social responsibility and ethical structure of an organisation.
01/20/2022
The rating agency noted that Bermuda companies responded to the passage of TCJA with various strategic changes in how they manage offshore operations to offset the overall negative impact of the tax change.
01/19/2022
On 20 December 2021, the OECD published keenly awaited model rules designed to implement Pillar Two of its ambitious plans to reform international taxation.
01/14/2022
Around 10% of STRs – suspicious transaction reports – relate to serious and complex cases that involve the misuse of complex corporate structures, undeclared or falsely declared income, foreign proceeds of crime or links to organised crime
01/14/2022
It has taken on extra support from former staff and local accountants to help clear the backlog.
01/13/2022
The Barbados Revenue Authority plans to hold information sessions on the new requirements in February.
01/12/2022
The UK government has today (11 January 2022) published a consultation seeking views for how a worldwide 15% minimum corporation tax should be domestically implemented.