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.
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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.
Lowtax.net News: Isle of Man To Improve Beneficial Ownership Register
The Isle of Man has launched a consultation on legislative changes to ensure the territory remains fully compliant with international standards on recording details of the beneficial owners of legal entities.
Lowtax.net News: Bermuda Monetary Authority To Overhaul Enforcement Approach
Bermuda’s financial services regulator, the Bermuda Monetary Authority, has set out plans to change its enforcement processes.
Lowtax.net News: COVID-19: EU Approves Cypriot VAT Deferral Scheme
The European Commission has approved under the Temporary State Aid Framework a Cypriot aid scheme allowing for the deferral of VAT payments by companies affected by the coronavirus pandemic.
Lowtax.net News: BVI Issues Statement On CRS Compliance Amid COVID-19
The British Virgin Islands International Tax Authority has issued a statement on the due diligence obligations required of financial institutions in relation to the Common Reporting Standard.
Lowtax.net News: Jersey To Delay GST Changes In Light Of COVID-19
The Government of Jersey has announced that it will defer planned changes to the de minimis level for paying goods and services tax on unaccompanied imported goods for personal use.
Lowtax.net News: BVI Explains Economic Substance Requirements During COVID-19 Outbreak
The British Virgin Islands‘ International Tax Authority has provided guidance on how companies can meet the economic substance rules during the coronavirus outbreak.
Lowtax.net News: COVID-19: Isle of Man Amends Tax Filing Rules
The Isle of Man has announced a series of changes to tax return deadlines as part of its response to the economic impact of the coronavirus outbreak.
Lowtax.net News: Bermuda Issues Guidance On Payroll Tax Changes
Bermuda has issued guidance on calculating payroll tax for the period April 1, 2020, to March 31, 2021.