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.
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Lowtax.net News: BVI To Launch FinTech ‚Sandbox‘
The British Virgin Islands Financial Services Commission has announced that it will launch its new FinTech Regulatory „Sandbox“ on August 31.
Lowtax.net News: Cayman Rules Out New Taxes In Response To COVID-19
The Government of the Cayman Islands has ruled out the introduction of direct taxes or new indirect taxes in response to the COVID-19 pandemic.
Lowtax.net News: Luxembourg Announces COVID-19 Tax Support Measures
On March 17, 2020, Luxembourg’s Ministry of Finance announced the relaxation of certain tax payment deadlines for companies and self-employed individuals affected by the coronavirus outbreak.
Lowtax.net News: Jersey Seeking To Strike Up More Financial Services Business In China
Representatives from Jersey are holding week-long meetings in Asia to promote the island as a well-regulated offshore international financial center.
Lowtax.net News: Guernsey Launches Consultation On Introducing LLCs
Guernsey is proposing to adopt limited liability companies (LLC), in a move intended to enhance the island’s competitive position in the United States.
Lowtax.net News: Singapore To Table Legislation For 2019 Budget Changes
Singapore has finalized amendments to the draft Income Tax (Amendment) Bill 2019, following a public consultation that ended in July 2019.
Lowtax.net News: Netherlands And Curacao Agree To Tackle Tax Evasion
The Netherlands and Curacao agreed in a statement signed on May 22, 2019, to include new anti-abuse measures in the tax treaty between the two jurisdictions.
Lowtax.net News: BVI Supporting Firms To Comply With Economic Substance Code
The British Virgin Islands financial services promotional agency BVI Finance has held educational sessions on the new draft Economic Substance Code in the BVI, London, and Hong Kong.
Lowtax.net News: Guernsey Signs UK MoU To Ensure Funds Access After Brexit
Guernsey’s financial services regulator has signed a Memorandum of Understanding with the UK’s Financial Conduct Authority to ensure market access for Guernsey investment funds into the UK after Brexit.