More than USD260m in tax revenues has been generated through the Tax Inspectors Without Borders initiative since its launch in July last year, the OECD announced on November 22.Read Full Story
Major fiscal reforms are needed in Latin America and the Caribbean due to pressures such as weak global growth and lower commodity prices, according to a report from the Inter-American Development Bank.Read Full Story
Jamaica has released information explaining its new transfer pricing regime, with transfer pricing documentation due on March 15, 2016.Read Full Story
The upper house of Jamaica's Parliament on November 27 passed amendments to the Income Tax Act to introduce a new transfer pricing regime in the territory. Read Full Story
In its new Doing Business report, the World Bank singled out Spain for praise for tax system improvements implemented to make doing business easier in the nation.Read Full Story
From November 1, Jamaican tourism operators whose turnover is at least JMD500m (USD4.2m) will be required to pay a new Withholding Tax on Specified Services (WTSS) of three percent on supplies worth JMD50,000 or more.Read Full Story
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