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Isle of Man To Improve Beneficial Ownership Register

Isle of Man To Improve Beneficial Ownership Register

by Jason Gorringe, Lowtax.net, London
16 September, 2020
The Isle of Man has launched a consultation on legislative changes to ensure the territory remains fully compliant with international standards on recording details of the beneficial owners of legal entities.
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Bermuda Regulator To Add Conduct Oversight To Mandate

Bermuda Regulator To Add Conduct Oversight To Mandate

by Mike Godfrey, Lowtax.net, Washington
31 August, 2020
The Bermuda Monetary Authority has recently released a discussion paper on its plans to broaden its mandate by developing a conduct of business regime for the financial services sectors it regulates.
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BVI To Launch FinTech 'Sandbox'

BVI To Launch FinTech 'Sandbox'

by Mike Godfrey, Lowtax.net, Washington
21 August, 2020
The British Virgin Islands Financial Services Commission has announced that it will launch its new FinTech Regulatory "Sandbox" on August 31.
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Bermuda Monetary Authority To Overhaul Enforcement Approach

Bermuda Monetary Authority To Overhaul Enforcement Approach

by Jason Gorringe, Lowtax.net, London
21 August, 2020
Bermuda's financial services regulator, the Bermuda Monetary Authority, has set out plans to change its enforcement processes.
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Cayman Rules Out New Taxes In Response To COVID-19

Cayman Rules Out New Taxes In Response To COVID-19

by Mike Godfrey, Lowtax.net, Washington
18 August, 2020
The Government of the Cayman Islands has ruled out the introduction of direct taxes or new indirect taxes in response to the COVID-19 pandemic.
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EU Announces DAC7, Review Of Corporate Tax Code Of Conduct

EU Announces DAC7, Review Of Corporate Tax Code Of Conduct

by Ulrika Lomas, Lowtax.net, Brussels
24 July, 2020
p>The European Commission has announced plans for a new Directive on Administrative Cooperation, on the exchange of information on online platforms' sales, and a new Communication on Tax Good Governance.
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Hong Kong Updates Guidance On APA Regime

Hong Kong Updates Guidance On APA Regime

by Mary Swire, Lowtax.net, Hong Kong
24 July, 2020
Hong Kong's Inland Revenue Department has updated its guidance on Advance Pricing Agreements to reflect tax legislative changes in recent years and the territory's response to the OECD's base erosion and profit shifting Action Plan.
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Bermuda Announces Accounting Rules For Digital Asset Businesses

Bermuda Announces Accounting Rules For Digital Asset Businesses

by Jason Gorringe, Lowtax.net, London
10 July, 2020
The Bermuda Monetary Authority has released a new consultation on the proposed Digital Asset Business Accounts Rules 2020.
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Jersey Issues Guidance On E-Filing Personal Tax Returns

Jersey Issues Guidance On E-Filing Personal Tax Returns

by Jason Gorringe, Lowtax.net, London
10 July, 2020
Revenue Jersey has released guidance for taxpayers filing online for the first time, ahead of the July 31, 2020, filing deadline.
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COVID-19: EU Approves Cypriot VAT Deferral Scheme

COVID-19: EU Approves Cypriot VAT Deferral Scheme

by Lorys Charalambous, Lowtax.net, Cyprus
19 June, 2020
The European Commission has approved under the Temporary State Aid Framework a Cypriot aid scheme allowing for the deferral of VAT payments by companies affected by the coronavirus pandemic.
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