Category: Jurisdiction
Slovak companies are interested in tax havens. Their number continues rising
Hundreds of Slovak companies have moved their headquarters to tax havens since the beginning of the year. Currently, 5,268 Slovak companies reside in countries with tax advantages, as stems from an analysis of the Bisnode consulting company. The number of companies in tax havens rose again in the second quarter… – Continue reading
Repatriation vows exceed NT$200bn
As of Thursday last week, the Ministry of Finance had received applications to repatriate NT$207.6 billion (US$7.03 billion) in overseas funds since a repatriation law took effect on Aug. 15 last year, the Liberty Times (the Taipei Times’ sister newspaper) reported on Saturday, citing Minister of Finance Su Jain-rong (蘇建榮). The amount would be NT$210 billion if applications filed on Friday were included, Su told a news conference in Taipei on Friday. ... - Continue reading
QIB continues to introduce new features on its award-winning mobile application
Qatar Islamic Bank (QIB) has introduced new features to its award-winning Mobile App, in line with the bank’s ongoing efforts to provide customers with innovative digital options to fulfill all their banking needs remotely.Developed with customers’ daily banking requirements in mind, the QIB Mobile App now allows customers to benefit from new and simplified features, including the postponement of their Personal Finance Monthly Installment, opening the exclusive Certificates of Deposit for COVID-19 frontliners, filling and submitting the Common Reporting Standard (CRS), and completing Foreign Account Tax Compliance Act (FATCA) declarations. ... - Continue reading
Cyprus: Cyprus And Switzerland Agree Updated Double Tax Treaty
On 20 July 2020 Cyprus agreed an updated double tax treaty (DTT) with Switzerland. The signatory for Cyprus was Foreign Minister Constantinos Petrides, while his counterpart, Pierre-Yves Fux, signed on behalf of the Swiss Federal Council. The revised protocol will update the existing agreement, which has been in force since July 2014. Details of the protocol were published in the Official Gazette on the 24 July 2020 and are now undergoing the ratification process. ... - Continue reading
Taxation, growth negatively correlated: survey
The Pakistan Institute of Development Economics (PIDE) survey recently stated that Pakistan should review and amend its taxation policy in order to accelerate its economy. ... - Continue reading
FBR unearths huge sales tax evasion
The Federal Board of Revenue (FBR) issues orders to all branches to be more proactive regarding the treatment of tax evasion. ... - Continue reading
Faceless assessment to start with I-T Dept restructuring
Place for the Faceless Assessment Scheme. More on it in this article. ... - Continue reading
Enforcement Notification – Summerside psychiatrist fined over $215,000 for personal and corporate tax evasion
A peak into the treatment of a tax evasion investigation conducted by the CRA. ... - Continue reading
Cyprus, Russia agree to amend double tax treaty: Cypriot minister
Cyprus and Russia decide to amend their double taxation agreement. ... - Continue reading
Ecuador publishes new transfer pricing guidance
On the 1st of July 2020, Ecuador's tax authority communicated its new transfer pricing laws. ... - Continue reading
AG says Barbados will fight blacklisting ‘tooth and nail’
Barbados to fight for being unjustly blacklisted by the European Union. ... - Continue reading
Public input sought on Brazil, OECD transfer pricing harmonization
Brazil set out in the direction of tax reform. ... - Continue reading
Nigeria: Digital Taxes, Significant Economic Presence And Tax Implications In Nigeria
Living in a digitalised economy, it is no surprise that digital tax remains as one of the most debated topics in the business world. Here's more to it on what concerns Nigeria. ... - Continue reading
OECD assesses Cayman’s process to resolve double-taxation disputes
OECD examines Cayman Islands' implementation of BEPS Action 14. ... - Continue reading
Cyprus: Cyprus Residency Permit Procedures
Now that the day for Britain to officially leave the European Union is approaching, UK nationals seeking Cypriot residency might wish to accelerate their efforts. This article acts as a guide to this process. ... - Continue reading
How to avoid paying double tax on your offshore investments
Clarifications on the double tax treaty between South Africa and the United Kingdom. ... - Continue reading
Foreign-owned aluminum company embroiled in yet another scandal
Global Vietnam Aluminum Ltd linked to two Chinese-Australian business people is being probed for alleged tax evasion running into millions of dollars. The State Audit recently said it has found signs the firm illegally inflated costs by VND2.68 trillion ($116.37 million) to evade taxes. The possible fraud came to light… – Continue reading
Singapore: Draft Tax Bill In Singapore Seeks To Implement COVID-19 Related Tax Measures; Proposes 50% Surcharge On Tax Avoidance
On the 20th of July, the Singaporean government released a draft bill to adapt to the current waddling economy caused by the COVID-19. ... - Continue reading
Luxembourg: Law On Deferral Of DAC 6, CRS And FATCA Deadlines Voted!
Amendments to legislations regarding deadlines have been made and here they are. ... - Continue reading
Cyprus: Marshall Islands | Economic Substance Regulations
MOre on the Economic Substance Regulations ("ESRs"). ... - Continue reading
Cyprus and Switzerland sign protocol for avoidance of double taxation
Cyprus and Switzerland team up to combat double taxation. ... - Continue reading
