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Institutions News




Hong Kong Needs Measured BEPS Response: Report

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

Friday, January 6, 2017

Hong Kong's Financial Services Development Council has issued a paper setting out key recommendations for the Government to consider in the area of international tax law. Read Full Story

 


Many Reporting Entities Unprepared For FATCA, CRS

by Mike Godfrey, Tax-News.com, Washington

Tuesday, August 23, 2016

New research shows that financial institutions are generally confident about meeting existing and incoming automatic exchange of information obligations. However, the study also found that a significant proportion of the industry is facing higher costs and risking fines by being under-prepared for new compliance requirements. Read Full Story

 


Irish Gov't Consults On Financial Institutions Levy

by Jason Gorringe, Tax-News.com, London

Tuesday, June 14, 2016

The Irish Finance Department has launched a consultation on how the Financial Institutions Levy is calculated and collected. Read Full Story

 


Hong Kong Confirms Its AML, Tax Evasion Procedures

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

Thursday, April 28, 2016

In reply to a Legislative Council question, Hong Kong's Secretary for Financial Services and the Treasury, K C Chan, confirmed that the Inland Revenue Department will always "take necessary actions against tax evasion and avoidance by taxpayers, based on information possessed by the Department or received from other sources." Read Full Story

 


Singapore Adds To Tax Incentives In Budget

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

Tuesday, March 29, 2016

Singapore's 2016 Budget, released on March 24, includes measures to support businesses to expand and enhances finance sector, treasury management, and international trade tax incentives. Read Full Story

 


Grenada Presents 2016 Budget Statement

by Mike Godfrey, Tax-News.com, Washington

Thursday, December 3, 2015

Caribbean territory Grenada has announced that no new taxes will be introduced in the 2016 Budget but the jurisdiction is planning numerous tax administrative changes. Read Full Story

 


Kazakhstan Keen On DIFC Tax-Free Zone Model

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, May 13, 2015

The National Bank of Kazakhstan is set to collaborate with the Dubai International Financial Centre to explore mutually beneficial investment initiatives as part of a memorandum of understanding signed between the two parties. Read Full Story

 


BVI Updates FATCA Reporting Guidance

by Mike Godfrey, Tax-News.com, Washington

Wednesday, April 1, 2015

The British Virgin Islands has published revised guidance notes on the international tax compliance requirements under its intergovernmental agreements with the United States and the United Kingdom. Read Full Story

 


Talk Of Converging Islamic, IASB Accounting Standards

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, November 20, 2014

The Accounting and Auditing Organisation for Islamic Financial Institutions has indicated that it is now prepared to collaborate with the International Accounting Standards Board on the possible convergence of their corporate and financial accounting standards. Read Full Story

 


IMF Told Of Tax Reforms In San Marino

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, October 14, 2014

The International Monetary and Financial Committee of the International Monetary Fund was on October 11, 2014, updated on progress towards tax-related reform in San Marino, including the introduction of a value-added tax. Read Full Story

 

 

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