03/15/2023
The Bahamas, despite having no history of income or corporate taxes, is among 138 nations that in July 2021 signed on to the Organisation for Economic Co-Operation and Development (OECD) inclusive framework that underpins the minimum tax drive and commits
03/14/2023
Those earning between $96,000 and $200,000 will pay 10 per cent while high earners on a salary up to $500,000 will pay 11.5 per cent.
03/14/2023
VAT charges are collected by Intuit on behalf of the Bahamas Department of Inland Revenue (DIR) and as such, should not be considered a price increase.
03/13/2023
Additionally, stamp duty rates are to go up 5 per cent under amendments brought to the House.
03/09/2023
Finally, it should be recalled that the EU’s mandatory disclosure regime, known as DAC6, may be triggered by EU based intermediaries (such as tax planners) dealing with entities on the EU blacklist, including BVI Funds.
03/06/2023
Coalition of workers, unions and climate campaigners aims to safeguard shift from fossil fuels to low-carbon energy sources
03/06/2023
The Revenue Service is very sorry for the disruption to online tax returns, and fully appreciates customers are rightly frustrated.
03/02/2023
Express reached out to the States of Guernsey and the Revenue Service provided the following response:
03/01/2023
Based on jurisdictions that have implemented or are implementing the Pillar Two global minimum tax, we estimate almost 90% of global multinational entities with revenue above 750 million euros ($794.9 million) will be subject to the minimum tax by 2025.
02/28/2023
“If you have the system designed correctly, and I’m speaking, frankly, about how we approach income taxation, it also makes it easier for government to provide the very direct and targeted assistance to families, as well as to be able to exemp
02/24/2023
The current effort to curb the legal corporate practice of using tax havens to avoid paying taxes began in June 2012
02/24/2023
As rising public debts and growing deficits force Western governments to look for new sources of revenue, tax havens are obvious targets.
02/23/2023
Taxes on corporate income make up 10% - approximately £50m - of Guernsey’s annual tax take
02/23/2023
Mr Cobham delivered remarks and fielded questions during the luncheon while on a ZOOM call from the UK.
02/22/2023
Sarah Davies, Head of Service Delivery, said both systems are operating simultaneously while the transfer is ongoing: “We're keeping the system synchronised and one of the regular data uploads just, for whatever reason, didn't happen&r
02/20/2023
The island’s tax brackets will get redrawn, with a new category bringing them from four to five.
02/17/2023
The US does not have a federal sales tax. Each individual state has its own sales tax rules and regulations.
02/16/2023
Option D relies more heavily of savings and a phased approach to revenue raising measures.
02/16/2023
The BVI has requested that a supplementary review of its compliance regime be done by the OECD Global Forum
02/15/2023
The BVI has requested a supplementary review to more accurately reflect the current legislative status with a view to having the BVI removed from the list as soon as possible.