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Tax

03/08/2024

Deloitte awarded Best Professional Services Provider Isle of Man 2024 by Finance21

The judges praised Deloitte for their exemplary client service, demonstrated expertise, innovative solutions and commitment to quality and industry best practice.

03/08/2024

Jersey won't change super-rich policy, minister says in wake of UK budget

The current UK regime will be replaced with new rules from April 2025 so that those with the “broadest shoulders” pay more, Mr Hunt announced in his Budget speech.

03/05/2024

VAT survey issued to Island businesses

The amount of revenue we currently receive by way of FERSA makes up almost one third of the Island’s income.

03/04/2024

Inland Revenue at just under 50 percent of real property tax revenue target

According to Strachan, more than half of the properties on the register do not receive a tax bill, as they are exempted for one reason or another.

02/28/2024

Assured Guaranty boosted by investments, tax benefit

The company said the tax benefit resulted from the plans to implement a corporate income tax in Bermuda in 2025, which affects the company’s Bermuda insurance subsidiaries.

02/27/2024

OBA: Government ‘rolling the dice’ on corporate tax

There are also a lot of variables that are hard to quantify.

02/27/2024

Tax benefit propels Valaris to Q4 net income of $829m

Mr Dibowitz added: “We remain confident in the strength and duration of this upcycle and the outlook for Valaris is positive.

02/26/2024

“If taxpayers are on the hook for costs, the Directive should apply”

He asked what the circumstances are, if there is a tender process, and if he could have a breakdown of costs over the past five years.

02/26/2024

A quest to transform the culture of tax

Corporate Times interviews Tax Commissioner Joseph Caruana

02/26/2024

Business organisations throw support behind corporation tax

The positive news of a balanced budget sends a strong signal to overseas markets that Bermuda remains a premier domicile in which to invest.

02/19/2024

Bermuda could raise $750m a year from corporate income tax

Those Bermudians who have made sacrifices under a tax system that many consider unfair and are challenged to make ends meet need realistic hope and confidence

02/19/2024

Mazars in Malta directors co-opted as Mazars international partners

CARL partners are equity partners of Mazars globally

02/16/2024

Bermuda tax change gives Arch one-time boost

The performance was boosted by a $1.18 billion net deferred tax asset related to the enactment of Bermuda’s new corporate income tax.

02/16/2024

Guernsey: Thousands of tax returns still to be submitted

A mix of existing and recently retired staff, together with some tax consultants are being used to get through the backlog, said the States.

02/15/2024

Clock ticking for 2022 income tax returns

2023 returns will be available to complete from early March.

02/14/2024

Guidelines for the application of the 12% VAT rate on the hiring of pleasure boats

It is essential to clarify that not all items can be subject to the reduced VAT rate; rather, only supplies commonly offered during the course of hiring a pleasure boat may be eligible for the reduced rate.

02/12/2024

Mazars announces another year of record revenues as it builds global ambition

Third consecutive year of double-digit fee income growth achieved across all service lines

02/12/2024

NOT ON OUR AGENDA: Halkitis says personal income tax not under consideration

The IMF recognized the challenges associated with introducing corporate and personal income tax systems in The Bahamas, given the absence of a historical tax framework.

02/08/2024

St. Kitts and Nevis Inland Revenue Department modernises its tax administration system with the launch of ‘SMARTS’

SMARTS is being administered through the My Government Portal, which essentially serves as a central hub.

02/06/2024

Finance minister rules out tax cuts sought by business associations

Businesses need to look outward, he insists

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