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: 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: 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: 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: 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: 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: Cayman Commits To Making Beneficial Ownership Info Public
The Government of the Cayman Islands has announced plans to introduce a public register of beneficial ownership.
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: Gibraltar: UK Releases Post-Brexit Financial Services Guidance
The UK Government has newly tabled two regulations that are intended to ensure that Gibraltar-based financial services firms continue to have access into UK markets, once the UK leaves the EU, in a no-deal scenario.
Lowtax.net News: Cayman Explains How To Comply With New Economic Substance Rules
The Cayman Government has set out how companies should comply with new economic substance requirements, which must be met for certain companies to access the territory’s tax regime.