IBCF News & Articles

Hong Kong International Focus

PostedMay 27, 2022

Hong Kong is a densely populated 400-square-mile peninsula and collection of islands in south-eastern China, home to more than seven million people, and it certainly punches above its weight in international terms. In this feature we explore what makes Hong Kong into a thriving, world-leading business and financial centre. Introduction…

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UK To Introduce Register Of Overseas Entities

PostedMay 27, 2022

In March, the UK government introduced a new Economic Crime (Transparency and Enforcement) Act. Under the Act, a Register of Overseas Entities will be created and maintained by the Companies House. The development is part of the government’s strategy to combat money laundering and economic crime. The Act will also…

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Certified Copies from Mexico in a Nutshell

PostedMay 9, 2022

Is it possible to get “certified copies” in Mexico? Good question, and the answer is, it depends. First, let’s clarify the terminology. “Certified copies” is one of the many vague (and slightly maddening) industry terms often used. Certified copies of the Articles of Incorporation let’s refer to as CCA, and…

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Guernsey To Delay Tax Reform Debate To Explore Corporate Tax Options

PostedApril 30, 2022

The Guernsey Government on April 26, 2022, announced that a parliamentary debate on tax reform, scheduled for July, will now be delayed until the end of the year, to allow time for consideration of corporate tax options. Earlier, Guernsey’s Policy and Resources Committee proposed that the territory could implement a…

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Bermuda Legislates For Budget 2022’s Payroll Tax Changes

PostedMarch 22, 2022

Bermuda has tabled the Payroll Tax Amendment and Validation Bill 2022, to give effect to the payroll tax measures announced in the territory’s recent Budget. The Budget announced that Bermuda will continue to lower payroll tax burdens for those earning less than BMD48,000. Further, payroll tax reliefs for…

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Certified Copies from Mexico in a Nutshell

PostedFebruary 22, 2022

Is it possible to get “certified copies” in Mexico? Good question, and the answer is, it depends. First of all, let’s clarify the terminology. “Certified copies” is one of the many vague (and slightly maddening) industry terms often used. Certified copies of the Articles of Incorporation let’s refer to as…

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Cyprus Receives EU Approval For Angel Investor Tax Breaks

PostedFebruary 17, 2022

The European Commission has approved a Cypriot scheme involving the grant of tax breaks to private investors – both natural persons and corporate investors – who invest into early-stage, innovative SMEs. Investors providing finance to eligible companies may receive a tax relief of up to 30 percent of…

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Switzerland Publishes Review Of 2021 Tax Progress

PostedJanuary 21, 2022

As part of its commitment to fighting cross-border tax evasion and profit shifting, Switzerland sent information on over 3m financial accounts in 2021, according to a new review of the Swiss financial center by the State Secretariat for International Financial Matters. The review, which is published annually,…

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Singapore Gazettes Legislation For 2021 Budget Changes

PostedDecember 7, 2021

The Income Tax (Amendment) Bill 2021 was published in Singapore’s Official Gazette on November 16, 2021, following approval earlier by Singapore’s President. The Bill contains tax measures announced in the 2021 Budget; economy-wide and sector-specific measures announced by the Government in May 2021 and July 2021 in response…

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Malta Announces Individual Tax Reliefs In 2022 Budget

PostedNovember 2, 2021

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. The Budget includes the following changes to the personal income tax regime: The tax…

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