Managers of Wealth Offshore

How the New Income Tax Bill 2025 Can Impact You

While tax rates, slabs, deductions, and penalties remain unchanged, the bill restructures appeal and recovery processes for clarity.

No hiding now: Government cracking down hard on tax evasion, Caruana tells parliament

Finance Minister Clyde Caruana says it will be more costly than ever to not pay taxes, as government increases fines and invests in detection system which is able to scan all tax payers ‘in a single day’

Efforts on to ensure deeper tax compliance

The increased enforcement coincides with the expansion of China's golden tax phase IV system

Changes to the tax treatment of carried interest from 6 April 2026

Carried interest is a form of performance-related reward received by investment fund managers.

Tax Legislative Updates in The Bahamas (2025)

VAT registrants are no longer able to claim VAT credits on goods or services acquired for major construction activity

Call for Isle of Man Government to return £21.3m tax windfall to Manx taxpayers

‘This extra tax was collected in error because the Treasury Department made a bad forecast,’ said Mr Josem.

Spain, Guernsey Added to UK’s Minimum Tax Jurisdiction List

The UK had in April published rules specifying which countries have implemented a qualifying income inclusion rule and a domestic top-up tax under Pillar Two.

HMRC Announces Initiatives To Modernize Tax Administration

HMRC has said it will invest in the development of AI solutions, which will automate the provision of call summaries following taxpayers' calls with HMRC advisers and caseworkers.

‘Time for serious and structured review of Malta’s corporate tax framework’

Shadow Minister for Finance Graham Bencini

Over 55,000 Tax Returns filed ahead of deadline – Islanders urged to act now

“Verification delays can occur, so we urge taxpayers to act promptly and use the guidance available to avoid late filing penalties.”

More than 11,000 taxpayers still waiting for repayments

About 11,000 taxpayers issued with assessments since April are still waiting for repayments.

Work under way to create tax reserve fund

The amendment will ensure that tax receipts are paid into the tax refund reserve fund rather than the consolidated fund.

Realtor renews plea for tax consistency

Eleuthera saw modest improvement, with average home prices rising 1.5 percent over the quarter.

HMRC suspects £343mn underpaid by wealthy taxpayers

HMRC takes a very dim view of this and can impose heavy fines if these errors are discovered

Tax Haven Status Remains after Panama Removed from EU High-Risk List

Panama has a territorial tax regime

The great offshore tax exodus

But in a sudden reversal, these very havens that once promised discretion and protection no longer work quite like they used to.

7 Compelling Reasons to Retire in the Tax-Friendly Bahamas

From no income tax to a strong expat community, here are seven compelling reasons to consider the tax-friendly Bahamas.

Billionaires Leave UK as Government Ends Tax Breaks for Wealthy Foreign Residents

Under the new rules, all long-term UK residents pay taxes on their worldwide income.

Taxing the wealthy: HMRC does not know how many billionaires pay tax in the UK

PAC warns of lack of clarity over how much tax is paid or avoided by the very wealthy, as report highlights significant opportunities to collect more revenue.

P&R pledge to fix the Revenue Service

“The backlogs and other challenges have been well publicised, and I can assure members that these issues are being addressed as an immediate priority,” she said.