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. On March 17, 2020, Luxembourg's Ministry of Finance announced the relaxation of certain tax payment deadlines for companies and self-employed individuals affected by the coronavirus outbreak.
  2. The Jersey Government has announced a series of measures designed to mitigate the impact of the coronavirus on the island's economy.
  3. The UK-Switzerland double tax agreement will be updated with new provisions to tackle tax base erosion and profit shifting, with full effect from April 6, 2020.
  4. The Isle of Man's Income Tax Division has said it is to issue new 2020/21 tax codes to employers.
  5. On March 4, 2020, the Hong Kong Government said that an arrangement with China on the automatic exchange of country-by-country reports is in effect.
  6. The Inland Revenue Authority of Singapore began accepting electronically filed tax returns for the 2020 tax season on March 1.
  7. The Government of Caribbean territory Saint Lucia has announced amendments to the Fiscal Incentives Act, to broaden the categories of business and services that may benefit from tax relief.
  8. Bermuda has been granted Reciprocal Jurisdiction status effective January 1, 2020, and has had its status as a Qualified Jurisdiction extended by the National Association of Insurance Commissioners (NAIC), after a five-year evaluation.
  9. The EU has removed Belize from its list of non-cooperative tax jurisdictions and Macedonia from its "grey list."
  10. Representatives from Jersey are holding week-long meetings in Asia to promote the island as a well-regulated offshore international financial center.