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Stories that are tagged 'financial services'




UAE To Exempt Residential Property From VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, July 17, 2017

The United Arab Emirates' Ministry of Finance has confirmed that residential property will be exempt from the Gulf Cooperation Council value-added tax when it comes into force in January 2018, but that a five percent rate will apply on sales or leases of commercial property. Read Full Story

 

New Tax Treaties Key To Aircraft Leasing Growth In Hong Kong, Says Report

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, July 12, 2017

The Hong Kong Financial Services Development Council has released a report calling for the Government to expand its tax treaty network, in particular with countries that have growing aviation industries. Read Full Story

 

Ireland Confident On FDI Prospects

by Jason Gorringe, Tax-news.com, London

Friday, July 7, 2017

The Irish Government's inward investment agency has said that the country is continuing to attract foreign direct investment, and stressed that Ireland must remain competitive if it hopes to maintain its position of strength. Read Full Story

 

Bahamas To Sign OECD Anti-Tax Avoidance Convention

by Mike Godfrey, Tax-News.com, Washington

Thursday, June 1, 2017

The Bahamas Government says it will sign up to the OECD's Multilateral Convention on Mutual Administrative Assistance in Tax Matters, joining 111 jurisdictions currently participating in the Convention. Read Full Story

 

IMF Voices Concerns About Polish Bank Tax

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, May 30, 2017

The International Monetary Fund has reiterated its concern that Poland's bank asset tax will undermine credit expansion and economic growth. Read Full Story

 

Labour Would Hike Taxes On UK Financial Sector

by Amanda Banks, Tax-News.com, London

Monday, May 15, 2017

UK opposition party Labour has said it would increases taxes on financial transactions in the City to raise GBP5bn (USD6.46bn) a year. Read Full Story

 

Ghana Introduces Flat-Rate VAT, New Exemptions

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, May 2, 2017

The Ghanaian Government has released an overview of an amendment to the VAT Act, which entered into force in early April, to amend the list of exempt supplies and introduce a VAT flat-rate arrangement for retailers and wholesalers. Read Full Story

 

Philippines To Offer Tax Amnesty After Bank Secrecy Changes

by Mary Swire, Tax-News.com, Hong Kong

Monday, May 1, 2017

Filipino Finance Secretary Carlos G Dominguez III has said the country's restrictive banking secrecy laws must be lifted before a new tax amnesty is offered. Read Full Story

 

Indian Banks To Soon Freeze Accounts For FATCA Non-Compliance

by Mary Swire, Tax-News.com, Hong Kong

Thursday, April 20, 2017

The Indian Ministry of Finance on April 11 warned that where Foreign Account Tax Compliance Act-related self-certification and due diligence in relation to financial accounts have not taken place by April 30, 2017, affected accounts may be frozen until such time as these checks have taken place. Read Full Story

 

Canadian Governments Agree Internal Trade Deal

by Mike Godfrey, Tax-news.com, Washington

Wednesday, April 19, 2017

Canada's federal, provincial, and territorial governments have signed a new free trade agreement, which will reduce internal barriers to trade, investment, and worker mobility. Read Full Story

 

 

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