Categories

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Automatic exchange statistics as of June 2019

Automatic exchange statistics as of June 2019

Organisation for Economic Co-operation and Development (OECD) has published Secretary-General Report to the G20 Finance Ministers and Central Bank Governors as of June 2019 which, amongst other matters, contains statistic data of the process of automatic exchange of  information on financial accounts. The mentioned report has been presented on the G20 Finance Ministers and Central

Read More »
Tax reform in Seychelles

Tax reform in Seychelles

1 January 2019 several acts that substantially change tax regime of International Business Companies (offshore companies, IBC companies), as well as of companies with special license and funds, have entered into force. IBC companies regulation The most important issue of tax reform in Seychelles is the change of IBC companies regulation provided by International Business

Read More »
The first results of automatic exchange 2018

The first results of automatic exchange 2018

The Organization for Economic Cooperation and Development (OECD) has announced the interim results of implementation of automatic exchange of financial account information in 2018. The automatic exchange is carried out annually in unified electronic format between tax authorities of the countries participating in Multilateral Competent Authority Agreement (MCAA) under the Common Reporting Standard (CRS). The

Read More »
Automatic exchange and citizenship by investment programs

Automatic exchange and citizenship by investment programs

16 October 2018 the Organisation of Economic Co-operation and Development (OECD) has published a list of jurisdictions that provide citizenship, residence and special types visas to foreign individuals by investment in its economy, that potentially may be used for avoidance of automatic exchange of information about financial accounts of taxpayers (automatic exchange) at OECD’s opinion.

Read More »
Amendment of low tax jurisdictions blacklist of the European Union

Amendment of low tax jurisdictions blacklist of the European Union

On 2 October 2018 the Council of the European Union (EU) has amended the blacklist of non-cooperative jurisdictions for tax purposes: Palau has been de-listed. This blacklist was published on 5 December 2017 and included 17 jurisdictions that do not cooperate in matters of exchange of tax information and establish preferential tax regimes (zero or

Read More »
Amendment of low tax jurisdictions blacklist of the European Union

Amendment of low tax jurisdictions blacklist of the European Union

On 2 October 2018 the Council of the European Union (EU) has amended the blacklist of non-cooperative jurisdictions for tax purposes: Palau has been de-listed. This blacklist was published on 5 December 2017 and included 17 jurisdictions that do not cooperate in matters of exchange of tax information and establish preferential tax regimes (zero or

Read More »
Extension of list of countries for automatic exchange of tax information

Extension of list of countries for automatic exchange of tax information

According to official website of Organisation for Economic Co-operation and Development (OECD) the list of countries that have activated bilateral relationships for automatic exchange was extended in July 2018 and currently includes 90 jurisdictions. Each state has to complete several steps for purposes of participation in automatic exchange of information of financial accounts in accordance

Read More »
Latvia has included Russia in the list of countries for automatic exchange

Latvia has included Russia in the list of countries for automatic exchange

On 13 April 2018 Cabinet of Ministers of Latvia has amended Regulation No. 20 of 5 January 2016 that establishes Procedures by which a Financial Institution Implements the Due Diligence Procedures for Financial Accounts and Provides Financial Accounts Information to the State Revenue Service. This document contains a list of states and territories with which

Read More »
Still have questions? Contact us today
Scroll to Top
We use cookies in order to give you the best possible experience on our website. By continuing to use this site, you agree to our use of cookies.
Accept