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Tax

11/25/2024

Malta Institute of Accountants welcomes 200 new members

Ceremony also recognised top-performing students

11/25/2024

Principal Procedural Obligations of a Taxpayer in The Bahamas

The key regulators in the Bahamian tax system are the DIR and the Department of Customs.

11/22/2024

FATCA and CRS reporting deadlines for 2025

The Cayman Islands Department for International Tax Cooperation (DITC) has stated that it will consider appropriate compliance and enforcement action

11/21/2024

Jersey Adopts OECD's Global Minimum Tax Rate of 15%

These rules allocate taxing rights amongst certain jurisdictions that are relevant to the MNE group.

11/20/2024

Guernsey has ‘one shot’ at wind farm

Progress on a wind farm off the coast of Guernsey is starting to move ‘at a pace’, one of the deputies behind it has said.

11/20/2024

Govt to prepare incentives packages for top-up tax bill

The government anticipates that it can raise at least $150 million in new tax revenue through the DMTT.

11/20/2024

Offshore tax critics cloud JMC meetings

The JMC forum is the first OT summit with the UK’s new Labour Government.

11/19/2024

AG: Gov’t to introduce tax incentives under OECD/G20 Pillar II framework

Pillar One remains unimplemented, while this legislation focuses on Pillar Two, ensuring in-scope entities pay a minimum effective tax rate of 15 percent on profits in each jurisdiction.

11/19/2024

UK politicians put ‘tax havens’ in the crosshairs as Premier leads talks in London

Labour’s Dame Margaret Hodge and the Conservative MP Andrew Mitchell, writing in the Guardian, criticised “dither and delay” over full public beneficial ownership registers.

11/18/2024

Goods and Services Tax: What's the view in Jersey?

At the time critics called for food, children's clothes and school books to be excluded.

11/13/2024

Global tax rises leave no one behind, including South Africa

Don’t be fooled by the country’s seemingly low taxes; they’ve gained at a brisk pace as a percentage of economic output.

11/13/2024

Key changes in UK’s non-domicile regime overhaul

The headlines are that the remittance basis of taxation will be abolished and replaced with a new residence-based regime.

11/12/2024

GST could be set at 8%, warns P&R vice-president

Proposals for a GST from 2027 are not expected to return for approval before the general election in June 2025, so will need to be approved by the next States Assembly.

11/12/2024

Bermuda aims to use corporation tax to cut public debt

The Government also said it plans to give itself the power to review mergers and acquisitions in the private sector

11/11/2024

Realtor calls payroll tax changes discriminatory

These companies employ most of our Bermudian population, hence are an important catalyst for economic growth

11/07/2024

22% income tax AND GST creep closer to becoming a reality

This additional 2% on the current 20% rate has been presented as a way of bringing in £34million during each of those two years.

11/07/2024

Ex-States economist condemns income tax hike move

The proposals to increase income tax for two years while looking to introduce GST will be voted on when the entire 2025 budget is put to deputies.

11/06/2024

Corporate tax reform plans defeated again

Currently under the zero-ten corporate tax regime most companies are not taxed on the profits they make, whilst the biggest firms pay 10% tax.

11/05/2024

KPMG Learning Academy expands professional offerings with ADIT courses

Registrations are now open

11/05/2024

UK tax plan for wealthy foreigners risks turning London into ‘bigger version of Bahamas’

Advisers warn British government’s proposal to replace non-dom scheme will attract those seeking short-term tax holidays

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