10/18/2019
Isle of Man VAT Report Published
The Isle of Man Government invited HM Treasury to carry out a review of its VAT rules
Regulation, Risk & Compliance
10/18/2019
British Virgin Islands: Economic substance rules published
The ESA imposes economic substance requirements on BVI companies and limited partnerships with legal personality that are engaged in “relevant activities,” unless they are considered nonresident for the purposes of the ESA.
10/18/2019
Jersey Finance launches New York office
The launch event, held at The Peninsula New York on 16 October
10/18/2019
Guernsey: Details on introduction of mandatory disclosure regime announced
Disclosures will be required to be made within 30 days of the date an intermediary makes a CRS avoidance arrangement
10/18/2019
Guernsey: Guidance on economic substance information required in company tax return issued
All companies that generate income from undertaking a relevant activity will be required to provide details of the net book value of tangible assets held as at the balance sheet date.
10/18/2019
Jersey: Consultation on introduction of mandatory disclosure regime launched
Revenue Jersey would exchange the information reported with relevant jurisdictions where it is able to do so pursuant to its network of bilateral information exchange agreements.
10/18/2019
Costa Rica Clarifies Amendments To Non-Cooperative Tax List
The Ministry said that exclusion of any of the territories from the decision would amount to an arbitrary interpretation of the rules for placement on the list.
10/17/2019
Cayman Islands Perpetuity Periods and the “Royal Lives” Clause
The rule against perpetuities prevents people from using legal instruments (such as a trust deed or will) to exert control over the ownership of property for an extended or indefinite period of time.
10/17/2019
The Rules On Economic Substance In The British Virgin Islands.
The changes to the Draft ES Code as reflected in the new Rules are mainly stylistic.
10/17/2019
Equiom Announced as Master Trustee for DIFC Savings Scheme
The scheme is due to launch in January 2020 with Equiom as the Master Trustee and Zurich serving as the administrator for the scheme.
10/16/2019
Central Register of Beneficial Ownership of Corporates-An-Update-Ireland
On 29 July 2019 the Central Register of Beneficial Ownership of Companies and Industrial & Provident Societies ("Central Register") opened for filings.
10/16/2019
The Future Of Financial Services In The Turks And Caicos Islands
The afternoon breakout sessions will provide engaging and enlightening discussions around the industry.
10/16/2019
Luxembourg Update: CSSF Mandatory Notifications October-2019
On 11 October 2019, the Commission de Surveillance du Secteur Financier issued a press release in relation to Brexit.
10/16/2019
The Crown Dependency of Guernsey: Constitutional Insights
This is a substantive academic issue in its own right but the purpose of this note is to clarify the key facts and issues surrounding this topic.
10/15/2019
MEP calls for stronger EU anti-money laundering efforts amid Deutsche Bank withdrawals
Deutsche Bank's cutting of ties with five eurozone countries is embarrassment for European Banking Union, Sven Giegold says
10/14/2019
Irish Budget 2020 - A Roadmap for Irish and International Business
The annual Irish Budget provides a platform for the Irish Minister for Finance to announce tax changes and also to take stock of Ireland's economy and strategy for future growth.
10/14/2019
Cyprus, Malta lead EU ranking of $1.6 trillion assets held offshore
Offshore holdings, although in many cases completely legal, could help taxpayers hide taxable money and cut their bills if they stash their savings in low-tax jurisdictions.
10/14/2019
Deutsche Bank pulls the plug on Malta
Deutsche Bank has come under intense regulatory scrutiny across the globe over its processing of dirty money, some of which came about as a result of its correspondent banking relationships.
10/14/2019
GFSC proposes financial crime updates
A short memorandum and redlined draft of Chapter 17 of the Handbook outline the proposed changes.
10/13/2019
The Non-Resident Landlords Scheme
If your clients have entities with UK property which is generating rental income, they should ensure that appropriate returns are filed and tax paid by 31 January 2020.