06/22/2015
Negotiations on India-Mauritius DTAA are to happen on June 29. Vishnu Lutchmeenaraidoo, the Finance Minister of Mauritius said they will submit a new protocol for that, which will have issues related to capital gains with respect to DTAA.
06/20/2015
FATCA was enacted by the U.S. Congress in 2010 to target non-compliance by U.S. taxpayers using foreign accounts.
06/19/2015
As outlined in our prior updates, the FATCA Return is submitted through the TIA's Automatic Exchange of Information Portal and needs to be submitted on or before 26 June 2015.
06/19/2015
A Malta-based shell company was used by a Spanish embezzler arrested last week after five years on the run to help siphon off millions of public funds through a publicly-owned wastewater treatment company which operated in and around the city of Valencia.
06/19/2015
Banks in tax havens such as Switzerland and Mauritius are seeking to put in place rigorous checks to ensure that they keep out Indians looking to open black money accounts
06/19/2015
The U.S. Model Income Tax Treaty generally represents the United States’ opening position in treaty negotiations
06/19/2015
This comes as the Narendra Modi government implements a tough regime to root out unaccounted wealth.
06/19/2015
The Chief Executive Officer of the States of Guernsey, Paul Whitfield, has expressed his surprise that Guernsey has been included on the blacklist and has explained that the error is most likely due to "a lack of understanding about Guernsey's c
06/19/2015
It is not clear what standards have been used by these 11 countries to come to such a conclusion, in particular when the Cayman Islands has exchange of information mechanisms in place with all but one of these countries.
06/18/2015
Government appeared to brush off the latest blacklisting of the Cayman Islands when it released a short statement on Wednesday at around 5pm following revelations by the EU that the jurisdiction had been cited as facilitating tax evasion.
06/18/2015
The list, which includes 30 non-EU non-cooperative third countries, features jurisdictions that appear on 10 or more national 'black lists'.
06/18/2015
Guernsey’s Chief Minister and Commerce & Employment Minister have expressed their astonishment further to an announcement of the European Commission yesterday that Guernsey has been included on a list of 30 so-called non-co-operative jurisdictio
06/18/2015
THE new double-tax treaty between SA and Mauritius is set to come into force in January next year, following a controversial renegotiation to better protect the South African tax base.
06/18/2015
This Protocol paves the way for growth and enhanced business opportunities between both countries
06/18/2015
The list consolidates national tax 'blacklists' as they stood six months ago, and includes any jurisdiction on 10 or more Member States' lists.
06/17/2015
Moore Stephens, Chartered Accountants in the Island, has once again been listed in the prestigious wealth management network Citywealth Leaders List.
06/17/2015
The European Union published its first list of international tax havens on Wednesday as part of a crackdown on multinational companies trying to avoid paying tax in the 28-nation bloc.
06/16/2015
On 11th June 2015, the Jersey Tax Office released an updated version of the Jersey FATCA Guidance Notes
06/15/2015
The news was delivered following a formal inquiry to the Swiss Federal Tax Administration (FTA) by three members of Bitcoin Association Switzerland, submitted in Feb 2014. FTA’s answer clarified that bitcoin is not seen as a good or service, and is
06/15/2015
Those engaged in wholly or largely VAT exempt activities suffer irrecoverable VAT on the costs of bought in services such as advertising. Individual businesses or sectors may therefore need to consider the most VAT efficient structure to use.