Lowtax Network: Latest Tax News Headlines

Lowtax Network: Latest Tax News Headlines

1,500 pages of detailed, factual information covering the tax and legal regimes in 35 offshore and 15 onshore countries.
  1. The Bahamas intends to lower the value-added tax rate from 12 percent to 10 percent, the territory announced in its supplementary 2021/22 Budget, released on October 27.
  2. Malta's recently released 2022 Budget includes measures to support low-income workers and those working part-time or overtime, to improve the supply of affordable housing, and to introduce a new concessionary tax regime for artists and performers.
  3. Bermuda's appeal as a domicile for (re)insurance will be dulled by the OECD's latest international tax plans. However, the impact is likely to be less than the territory experienced after the US tax reform of 2017, says credit ratings agency Fitch Ratings.
  4. The Cayman Ministry of Financial Services has launched a consultation on the changes needed to enable public access to beneficial ownership information.
  5. Guernsey lawmakers are to discuss the possibility of introducing a value-added tax system, at a debate scheduled for September 2021, it has been announced.
  6. The Bahamas Government has announced various changes to its value-added tax regime in its new Budget, focusing on the real estate sector, including for sharing economy platforms.
  7. The Bermuda Monetary Authority has released a responses document on the development of a conduct of business regulatory regime in the territory.
  8. Barbados has been removed from the European Union's list of non-cooperative jurisdictions and Dominica has been added.
  9. The Government of Jersey has issued draft Regulations that set out how former Prior Year Basis taxpayers may pay their 2019 tax bills.
  10. The Government of the British Virgin Islands has reiterated its commitment to working toward establishing a publicly accessible register on the beneficial ownership of companies.