News Stories Tagged 'BEPS'
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Crown Dependencies Add To Economic Substance Guidance
by Jason Gorringe, Lowtax.net, London
10 May, 2019
The UK Crown Dependencies have added to joint guidance issued in December 2018 on the economic substance requirements that are effective for accounting periods commencing on or after January 1, 2019.
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BVI Supporting Firms To Comply With Economic Substance Code
by Mike Godfrey, Lowtax.net, Washington
10 May, 2019
The British Virgin Islands financial services promotional agency BVI Finance has held educational sessions on the new draft Economic Substance Code in the BVI, London, and Hong Kong.
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EU Expands Tax Blacklist, Penalizing Non-Reformers
by Ulrika Lomas, Lowtax.net, Brussels
14 March, 2019
The EU has tripled its list of non-cooperative tax jurisdictions to include 15 countries.
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EU Warns Six States On 'Harmful' Tax Regimes
by Ulrika Lomas, Lowtax.net, Brussels
12 February, 2019
The EU Code of Conduct Group (Business Taxation) has notified authorities in Barbados, Belize, Curacao, Mauritius, Saint Lucia, and Seychelles that the group considers further changes are needed to their tax regimes to bring them into line with international standards.
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Saint Kitts And Nevis Budget Focuses On Compliance
by Mike Godfrey, Lowtax.net, Washington
21 December, 2018
Caribbean territory Saint Kitts and Nevis announced no new taxes or rate changes in its new Budget. However, it is planning a number of compliance initiatives and legislative amendments to conform with evolving international tax standards.
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Ireland, Malta To Close 'Single Malt' Tax Loophole
by Jason Gorringe, Lowtax.net, London
03 December, 2018
The tax authorities of Ireland and Malta have signed a Competent Authority Agreement in a bid to prevent the use of the so-called "Single Malt" tax planning structure.
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Gibraltar Legislates To Ensure Movable Property Income Is Taxable In Gibraltar
by Jason Gorringe, Lowtax.net, London
30 November, 2018
The Gibraltar Government on November 22, 2018, published in its Official Gazette the Income Tax (Amendment) Regulations 2018 to make changes to rules concerning the receipt of income from overseas movable property holdings.
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Bahamas To Enact Tax Legislation To Adopt International Standards
by Mike Godfrey, Lowtax.net, Washington
23 November, 2018
Representatives from the Bahamas Government have held a number of meetings in Brussels and Paris with the EU's Code of Conduct Group (business taxation) and the OECD to discuss the territory's efforts to comply with international standards on tax governance.
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Barbados To Shutter IBC Regime, Remove Harmful Tax Provisions
by Mike Godfrey, Lowtax.net, Washington
16 November, 2018
Barbados's Minister of International Business and Industry, Ronald Toppin, has confirmed that the territory will soon repeal a number of tax measures that are considered to be contrary to new international standards on harmful tax regimes.
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Jersey Tables Legislation For New Economic Substance Rules
by Jason Gorringe, Lowtax.net, London
29 October, 2018
The Jersey Government has announced that it will release for public consultation guidance notes on the introduction of a new economic substance requirement for certain taxpayers to access Jersey's tax regime.
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