01/11/2019
Any company in Jamaica can utilise the opportunity of using legal loopholes to shift profits offshore, minimising its taxes by what is widely known as base erosion and profit shifting, or BEPS.
01/10/2019
While there was no mystery about how the Government intended to bring IBCs and the other three named products into compliance with the EU’s demands, he added that “of lesser clarity is the intended effect of the fairly general language”
01/09/2019
A 2% tax will be levied on medical products, raw materials and machinery used for production, insurance premiums, purchase and sale of university issued products. Basic food necessities from a specific list will be charged a 1% tax.
01/08/2019
Under the change, holders of, or those who have de facto control over an overseas financial account with 500 million won ($446,000) or more in countries with which Korea has no tax treaties, will no longer be able to avoid regular tax filings.
01/02/2019
The ministry has agreed and the authority will be accepting applications until Friday, January 4, 2018.
01/02/2019
From Jan. 1, 2021, companies registered in blacklisted jurisdictions will be subject to a 20.5 percent withholding tax on interest and royalties received from the Netherlands.
12/19/2018
“The new UK-Cyprus Double Taxation Agreement is important because of our already strong trading links and close people-to-people links, which we hope to grow further in the future,” Lillie said.
12/18/2018
Swiss authorities concerned when approached by The News said, “The ratification of the new Double Tax Treaty with Pakistan was done in the procedure usually to be followed according to Swiss constitutional law.”