Bermuda’s appeal as a domicile for (re)insurance will be dulled by the OECD’s latest international tax plans. However, the impact is likely to be less than the territory experienced after the US tax reform of 2017, says credit ratings agency Fitch Ratings.
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Lowtax.net News: Bahamas To Cut VAT Rate To 10 Percent
The Bahamas intends to lower the value-added tax rate from 12 percent to 10 percent, the territory announced in its supplementary 2021/22 Budget, released on October 27.
Lowtax.net News: Malta Announces Individual Tax Reliefs In 2022 Budget
Malta’s recently released 2022 Budget includes measures to support low-income workers and those working part-time or overtime, to improve the supply of affordable housing, and to introduce a new concessionary tax regime for artists and performers.
Lowtax.net News: Cayman Seeks Input On Major Tax Transparency Changes
The Cayman Ministry of Financial Services has launched a consultation on the changes needed to enable public access to beneficial ownership information.
Lowtax.net News: Guernsey Considering New VAT To Solve Financial Woes
Guernsey lawmakers are to discuss the possibility of introducing a value-added tax system, at a debate scheduled for September 2021, it has been announced.
Lowtax.net News: Bahamas Announces Various VAT Changes In New Budget
The Bahamas Government has announced various changes to its value-added tax regime in its new Budget, focusing on the real estate sector, including for sharing economy platforms.
Lowtax.net News: Bermuda To Launch Codes Of Conduct For Banks, Insurers
The Bermuda Monetary Authority has released a responses document on the development of a conduct of business regulatory regime in the territory.
Lowtax.net News: EU Council Agrees Tax Blacklist Changes
Barbados has been removed from the European Union’s list of non-cooperative jurisdictions and Dominica has been added.
Lowtax.net News: Jersey Issues Draft Regulations On Income Tax Regime Changes
The Government of Jersey has issued draft Regulations that set out how former Prior Year Basis taxpayers may pay their 2019 tax bills.
Lowtax.net News: BVI Reaffirms Tax Transparency Commitment
The Government of the British Virgin Islands has reiterated its commitment to working toward establishing a publicly accessible register on the beneficial ownership of companies.