Bermuda News

Bermuda Legislates For Budget 2022's Payroll Tax Changes
by Jason Gorringe, Tax-News.com, London
Monday, March 21, 2022
Bermuda has tabled the Payroll Tax Amendment and Validation Bill 2022, to give effect to the payroll tax measures announced in the territory's recent Budget. Read Full Story

Bermuda Consults Industry On New Conduct Of Business Regime
by Jason Gorringe, Tax-News.com, London
Wednesday, January 13, 2021
The Bermuda Monetary Authority on December 15, 2020, released a new consultation paper on its proposal for a conduct of business regulatory regime to better protect retail investors. Read Full Story

Cyprus Adds To Guidance On Calculation Of NIDs
by Lorys Charalambous, Tax-News.com, Cyprus
Tuesday, September 29, 2020
The Cyprus Tax Department has released ten-year government bond yield rates for five new territories, to support businesses in calculating claims for Cyprus's Notional Interest Deduction. The rates are for Bermuda, Denmark, Jordan, Portugal, and Switzerland. Read Full Story

OECD Releases New Action 14 Peer Review Reports
by Ulrika Lomas, Tax-News.com, Brussels
Friday, July 31, 2020
The OECD has released peer review reports reviewing nine territories' progress towards implementing the BEPS Action 14 standard, on improving tax dispute resolution. Read Full Story

EU Adds Cayman Isles, Panama, Seychelles To Tax Blacklist
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, February 20, 2020
The EU has added the Cayman Islands, Palau, Panama, and the Seychelles to its list of non-cooperative tax jurisdictions, bringing the total tally to 12 from 8. Read Full Story

Netherlands Adds To Tax Blacklist
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, December 31, 2019
Barbados and Turkmenistan have been added to the Netherlands' list of low-tax jurisdictions for the purposes of enforcing certain anti-tax avoidance rules, the Dutch Ministry of Finance announced on December 30, 2019. Read Full Story

Costa Rica Clarifies Amendments To Non-Cooperative Tax List
by Mike Godfrey, Tax-News.com, Washington
Friday, October 18, 2019
Costa Rica's Ministry of Finance has released a statement clarifying its decision to exclude a number of territories with low effective income tax rates from its list of non-cooperative territories. Read Full Story

Netherlands Begins Consultation On Tax Blacklist
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 11, 2019
On October 7, 2019, the Dutch Government announced the launch of a consultation on the 2020 edition of the list of low-tax jurisdictions for the purposes of enforcing existing and forthcoming anti-avoidance legislation intended to tackle base erosion and profit shifting. Read Full Story

OECD Seeks Feedback On Dispute Resolution In Ten Jurisdictions
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, July 25, 2019
The OECD has requested stakeholders' input on the dispute resolution processes in place in Andorra, Anguilla, Bahamas, Bermuda, the British Virgin Islands, the Cayman Islands, the Faroe Islands, Macau (China), Morocco, and Tunisia. Read Full Story

Netherlands Announces Tax 'Blacklist'
by Ulrika Lomas, Tax-News.com, Brussels
Monday, January 7, 2019
On December 28, 2018, the Dutch Government published in the Official Gazette a list of 21 low-tax jurisdictions. Companies doing business in these territories will face new anti-avoidance measures, intended to tackle tax base erosion and profit shifting. Read Full Story
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