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offshore pensions News




LegCo To Consider Hong Kong Pension System Reforms

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

Tuesday, January 8, 2013

The Legislative Council, during a meeting on January 9, will debate a motion on comprehensively reviewing Hong Kong’s Mandatory Provident Fund scheme, to improve its effectiveness. Read Full Story

 


IoM Pension Scheme Scoops UK Award

by Jason Gorringe, Tax-News.com, London

Tuesday, October 2, 2012

The Isle of Man government's new unified public sector pension scheme won a prestigious industry award at a recent ceremony in London in recognition of the scheme's 'innovation and excellence'. Read Full Story

 


HMRC To Resist Pensioners' Claims In ROSIIP Case

by Jason Gorringe, Tax-News.com, London

Tuesday, August 7, 2012

The UK tax authority, HM Revenue and Customs has announced it is 'actively resisting' group litigation brought by former members of a Singapore-based investment fund, who are facing unexpected tax bills after the fund had its Qualifying Registered Overseas Pension Scheme status withdrawn in 2008. Read Full Story

 


Guernsey Extends Fiduciary Return Deadline

by Jason Gorringe, Tax-News.com, London

Wednesday, July 18, 2012

In response to representations from the financial services industry, the Guernsey Financial Services Commission has announced an extension to a tax return filing deadline in respect of the fiduciary sector, and new guidance to support adherence with expanded reporting requirements. Read Full Story

 


Offshore QROPS Domiciles Stunned At HMRC's Last-Minute Change

by Jason Gorringe, Tax-News.com, London

Thursday, April 12, 2012

The UK tax authority, HM Revenue and Customs has indicated that tax relief available on pension transfers, under so-called Qualifying Recognised Overseas Pension Scheme structures, will no longer be available unless the Scheme is offered within the territory in which the expatriate is newly resident, putting a multi-million offshore industry at jeopardy. Read Full Story

 


Guernsey Prepared For Change To UK QROPS Rules

by Jason Gorringe, Tax-News.com, London

Tuesday, February 7, 2012

Guernsey Finance - the promotional agency for the island's financial services industry has confirmed that the Guernsey government will act to protect local providers of QROPS pension arrangements if the UK tax authority, as expected, pushes ahead with changes to its QROPS regime, expected to be introduced from April 6, 2012. Read Full Story

 


Irish Pensioners Facing Tax Hit

by Jason Gorringe, Tax-News.com, London

Monday, January 9, 2012

115,000 Irish pensioners are to be hit by unexpected tax charges after new information came to light regarding inaccuracies in figures held across different government departments. Read Full Story

 


IoM Public Sector Pension Overhaul Praised

by Jason Gorringe, Tax-News.com, London

Tuesday, November 22, 2011

The new Chairman of the Isle of Man's Civil Service Commission, Alfred Cannan, has thrown his weight behind proposals from the Manx government to reform public sector pensions. Read Full Story

 


Canada Approves Use Of BSX Securities In Retirement Savings Plans

by Mike Godfrey, Tax-News.com, Washington

Thursday, November 17, 2011

The Bermuda Stock Exchange has announced that the Minister of Finance for Canada has approved the addition of the exchange to the list of designated exchanges under Canada's Income Tax Act. Read Full Story

 


Philippines Issues Retirement Account Tax Regulations

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

Friday, November 4, 2011

The new revenue regulations to implement the tax provisions of the Personal Equity and Retirement Account Act have been issued by the Philippines Bureau of Internal Revenue. Read Full Story

 

 

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