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.
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Lowtax.net News: OECD Tax Plans To Have Relatively Small Impact On Bermuda: Fitch
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.
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: Bermuda Regulator To Add Conduct Oversight To Mandate
The Bermuda Monetary Authority has recently released a discussion paper on its plans to broaden its mandate by developing a conduct of business regime for the financial services sectors it regulates.
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: Bahamas Announces COVID-19 Tax Reliefs
The Bahamas Department of Inland Revenue has announced a Tax Credit and Tax Deferral Employment Retention Programme, which will benefit businesses with an annual turnover of BSD3m (USD3m) or more and a minimum of 25 non-executive employees.
Lowtax.net News: US Insurance Regulator Grants Bermuda Reciprocal Jurisdiction Status
Bermuda has been granted Reciprocal Jurisdiction status effective January 1, 2020, and has had its status as a Qualified Jurisdiction extended by the National Association of Insurance Commissioners (NAIC), after a five-year evaluation.
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: Crown Dependencies Add To Economic Substance Guidance
The UK Crown Dependencies have added to joint guidance issued in December 2018 on the economic substance requirements that are effective for accounting periods commencing on or after January 1, 2019.
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.