News Stories Tagged 'Isle of Man'
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Crown Dependencies To Ensure Firms Have Economic Substance
by Amanda Banks, Lowtax.net, London
17 August, 2018
The Crown Dependencies of Jersey, Guernsey, and the Isle of Man are consulting on proposals to require companies tax-resident in the islands undertaking specific income-generating activities to demonstrate they have sufficient "substance" in the islands
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Guernsey Fully Compliant With Latest Tax Transparency Standards
by Jason Gorringe, Lowtax.net, London
26 July, 2018
Guernsey has received an overall rating of "compliant" from the OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes.
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IoM Strengthens Anti-Money Laundering Law
by Jason Gorringe, Lowtax.net, London
26 June, 2018
The Isle of Man Government has announced the Anti-Money Laundering and Other Financial Crime (Miscellaneous Amendments) Act 2018 has received Royal Assent and is now law.
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Guernsey Sets Out Stance On Public Company Ownership Registers
by Jason Gorringe, Lowtax.net, London
22 May, 2018
Guernsey's Chief Minister, Gavin St Pier, has told the island's parliament that Guernsey will make beneficial ownership information publicly accessible if it becomes an internationally adopted standard.
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UK Overseas Territories Hope To Derail Beneficial Ownership Plans
by Jason Gorringe, Lowtax.net, London
03 May, 2018
The British Overseas Territories have condemned a UK Government proposal to compel the jurisdictions to publicly disclose the beneficial ownership of legal entities established in their territories.
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Cayman Said To Be Offshore's Leading Finance Center
by Mike Godfrey, Lowtax.net, Washington
06 April, 2018
The Cayman Islands is the top offshore financial center, according to the latest Global Financial Centres Index, published biannually by the City of London think tank Z/Yen.
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IoM Implements New Fulfillment Business VAT Rules
by Amanda Banks, Lowtax.net, London
02 April, 2018
The Isle of Man Treasury has begun registering firms for a new value-added tax due diligence scheme – the Fulfilment House Due Diligence Scheme – which is intended to ensure overseas traders comply with value-added tax regulations.
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IoM Proposes Improvements To Firms' Due Diligence Checks
by Jason Gorringe, Lowtax.net, London
13 March, 2018
The Isle of Man's Financial Services Authority is seeking views on proposed changes to the process for assessing individuals' fitness and propriety in respect of regulated entities.
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IoM Sees Positive Beneficial Ownership Reporting Rates
by Amanda Banks, Lowtax.net, London
13 March, 2018
The Isle of Man Companies Registry has reported that over two-thirds of listed companies have submitted annual beneficial ownership declarations.
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IoM Delays Capital Adequacy Changes For Non-Insurance Businesses
by Jason Gorringe, Lowtax.net, London
07 March, 2018
The Isle of Man Financial Services Authority is delaying the implementation date of its updated capital and solvency framework for non-life insurance business by a year.
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