Hong Kong and Finland on May 24, 2018, signed a DTA.
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Lowtax.net News: Aruba 2018 Land Tax Assessments Issued
Aruba’s Tax Office says this year’s land tax assessments have been mailed to taxpayers, and that anyone who has not received a return should collect a duplicate at the island’s Tax Office in Camacuri.
Lowtax.net News: BVI Planning Challenge To UK’s Beneficial Ownership Law
The Premier of the British Virgin Islands, Orlando Smith, says his Government has appointed legal counsel to advise on a potential challenge to the UK’s move to force its Overseas Territories to set up publicly accessible registers containing information on the beneficial ownership of legal entities.
Lowtax.net News: DIFC To Update Corporate, Beneficial Ownership Laws
The Dubai International Financial Centre, the low-tax financial hub, is proposing reforms to the regulation of companies, including imposing new beneficial ownership disclosure requirements.
Lowtax.net News: Bahamas To Hike VAT To 12 Percent
The Bahamas Government has announced that it will hike the value-added tax rate from 7.5 percent to 12 percent from July 1, 2018.
Lowtax.net News: British OTs Must Introduce Public Beneficial Ownership Registers
The UK’s 14 Overseas Territories must bring in publicly accessible registers concerning the beneficial ownership of legal entities or face having them imposed by the UK, following Royal Assent to the UK Sanctions and Anti-Money Laundering Act 2018 on May 23, 2018.
AICPA Urges IRS To Augment Virtual Currency Guidance
The American Institute of CPAs has urged the Internal Revenue Service to supplement its guidance on the tax treatment of virtual currency transactions with answers to a set of frequently asked questions.
TreatyPro.com Tax Treaty Update: Vietnam – Macau
Vietnam and Macau signed a DTA on April 16, according to a statement released by the Vietnamese Ministry of Finance on May 11, 2018.
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TreatyPro.com Tax Treaty Update: Jordan – Switzerland
Talks are continuing on a DTA between Jordan and Switzerland, according to a statement released by Jordan’s Foreign Ministry on May 14, 2018.
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Norway’s Parliament Rejects ‚Google Tax‘ Proposal
Norway’s parliament, the Storting, has rejected a legislative proposal for the introduction of a tax on digital business models, labeled the „Google tax,“ recommending instead that the Government explore the issue of digital taxation in partnership with the OECD.