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financial services News

Fraud At Record Levels, New BDO Report Says

by Jason Gorringe,, London

Tuesday, January 16, 2018

BDO, the accountancy and business advisory firm, has released a report into the rapidly growing issue businesses and governments face with fraud, including tax fraud. Read Full Story


Scottish Gov't To Push For UK To Stay In EU Single Market

by Jason Gorringe,, London

Tuesday, January 16, 2018

As Brexit talks turn to tax and trade matters, the Scottish Government has released analysis of three "realistic" Brexit policy options, emphasizing a "hard" Brexit would be crippling for Scotland's economy. Read Full Story


Trinidad And Tobago Hikes Tax Rates

by Mike Godfrey,, Washington

Wednesday, January 3, 2018

Trinidad and Tobago has increased a number of tax rates, as announced in its 2018 Budget. Read Full Story


United Arab Emirates, Saudi Arabia Introduce Value-Added Tax

by Lorys Charalambous,, Cyprus

Monday, January 1, 2018

Having introduced value-added tax on January 1, 2018, the United Arab Emirates and Saudi Arabia became the first two states of the six-member Gulf Cooperation Council grouping to follow through on the bloc's commitment to introduce a harmonized value-added tax. Read Full Story


UAE Sets Out Scope Of New 5pc VAT

by Lorys Charalambous,, Cyprus

Wednesday, December 13, 2017

The United Arab Emirates Federal Tax Authority on December 5 released tabulated data on what goods and services will be subject to value-added tax at the standard rate, zero rate, or exempt from January 1, 2018. Read Full Story


EU, Japan Finalize Landmark Free Trade Deal

by Ulrika Lomas,, Brussels

Monday, December 11, 2017

The EU's new free trade agreement with Japan, finalized by negotiators from both sides on December 8, 2017, has been described as the European bloc's most comprehensive yet. Read Full Story


HMRC Confirms Pension Fund VAT Change From 2019

by Jason Gorringe,, London

Wednesday, November 29, 2017

The UK tax authority has announced that planned changes to the way the UK taxes pension fund management services provided by regulated insurance companies will now take effect from April 1, 2019, having earlier confirmed there would be a delay. Read Full Story


HMRC Delays VAT Change On Pension Fund Management Services

by Jason Gorringe,, London

Friday, November 17, 2017

The UK tax authority is to delay changes to the VAT rules for pension fund management services and amend its recent guidance. Read Full Story


Saudi Arabia Clarifies VAT Rates, Including On Financial Services

by Lorys Charalambous,, Cyprus

Thursday, November 9, 2017

Ahead of the introduction of value-added tax on January 1, 2018, Saudi Arabia's tax authority has provided guidance on the financial services value-added tax exemption and the general rules on value-added tax rates. Read Full Story


Labuan Urged To Adapt To BEPS By Removing Harmful Tax Offerings

by Mary Swire,, Hong Kong

Wednesday, November 8, 2017

Muhammad bin Ibrahim, the Governor of the Central Bank of Malaysia, has stressed the need for Labuan to review its international tax framework in light of the OECD's work on Action 5 of the base erosion and profit shifting project, on harmful tax practices. Read Full Story



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