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Tax

08/19/2025

US tariffs drive up costs for Cayman businesses

For Cayman, which depends heavily on US trade routes for goods, the impact is already being felt.

08/19/2025

BML partners with CA Maldives to boost accounting and finance sector in Maldives

BML’s CEO and Managing Director, Mohamed Shareef, highlighted the significance of the partnership, highlighting that they aim to build capacity and promote best practices by working in close collaboration with CA Maldives.

08/18/2025

Switzerland should order a 39% export tax on gold bars for the US (Swatch Group CEO)

Hayek said that even if a gold levy failed to move Trump, it would cut the US trade deficit with Switzerland.

08/15/2025

Concerns over tax avoidance & evasion and PIP 'grey areas'

Tax avoidance and tax evasion together led to £12.4 billion in lost revenue in 2021-2022, with criminal tax evasion alone costing the UK £5.4 billion.

08/11/2025

Inland Revenue targets tax arrears with sale of delinquent property liens to third parties

Legislative changes passed in 2022 expanded the Department of Inland Revenue’s authority to sell not only vacant land owned by foreigners but also structures and improved properties with unpaid taxes.

08/11/2025

DIR: Guidance notes for remitting VAT on conveyances released

Strachan said the provisional invoice, along with the guidance notes, should suffice for anyone conveying property.

08/11/2025

Scottish Government gave £77m to secretive tax haven firms

Campaigners and the Scottish Greens want the public funding of tax havens to be banned altogether.

08/07/2025

Boardroom Briefing: The rise of Jersey established, UK tax resident Family Investment Companies

Ogier Global additionally offers the option of a hybrid board model, where family member directors sit alongside Ogier-appointed directors.

08/05/2025

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.

08/05/2025

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’

08/05/2025

Efforts on to ensure deeper tax compliance

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

08/01/2025

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.

07/29/2025

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

07/29/2025

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.

07/28/2025

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.

07/28/2025

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.

07/28/2025

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

Shadow Minister for Finance Graham Bencini

07/25/2025

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.”

07/25/2025

More than 11,000 taxpayers still waiting for repayments

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

07/24/2025

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.

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