News Stories Tagged 'Insurance'
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Bermuda To Launch Codes Of Conduct For Banks, Insurers
by Jason Gorringe, Lowtax.net, London
26 April, 2021
The Bermuda Monetary Authority has released a responses document on the development of a conduct of business regulatory regime in the territory.
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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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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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Bahamas Announces COVID-19 Tax Reliefs
by Mike Godfrey, Lowtax.net, Washington
15 April, 2020
The Bahamas Department of Inland Revenue has announced a Tax Credit and Tax Deferral Employment Retention Programme, which will benefit businesses with an annual turnover of BSD3m (USD3m) or more and a minimum of 25 non-executive employees.
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US Insurance Regulator Grants Bermuda Reciprocal Jurisdiction Status
by Jason Gorringe, Lowtax.net, London
31 December, 2019
Bermuda has been granted Reciprocal Jurisdiction status effective January 1, 2020, and has had its status as a Qualified Jurisdiction extended by the National Association of Insurance Commissioners (NAIC), after a five-year evaluation.
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Singapore To Table Legislation For 2019 Budget Changes
by Mary Swire, Lowtax.net, Hong Kong
02 September, 2019
Singapore has finalized amendments to the draft Income Tax (Amendment) Bill 2019, following a public consultation that ended in July 2019.
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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 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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Bermuda Seeks Greater Say In Int'l Tax Policy Talks
by Mike Godfrey, Lowtax.net, Washington
14 January, 2019
The Bermuda Government has set out its plans to more actively engage in discussions on tax policy internationally, including newly establishing offices in Brussels and Washington DC.
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