The EU has removed Belize from its list of non-cooperative tax jurisdictions and Macedonia from its „grey list.“
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The caribbean territory Saint Vincent and the Grenadines has requested a 60-day extension from the reporting deadlines under the US Foreign Account Tax Compliance Act and the Common Reporting Standard.
Belize’s Prime Minister and Minister of Finance, Dean Barrow, has signaled a broadening of the country’s indirect tax base in the country’s recent 2018 Budget, and reiterated his government’s commitment to complying with global standards of good tax governance.
The British Virgin Islands‘ International Tax Authority has reminded the territory’s financial institutions that May 31 is the deadline for filing 2017 reports under the US Financial Account Tax Compliance Act and the OECD’s Common Reporting Standard.
The Bahamas Ministry of Finance has published guidance notes on the Common Reporting Standard, the OECD’s new international standard for the automatic exchange of financial account information in tax matters.