FATCA - New Tax Information Reporting and Withholding Regime
The Foreign Account Tax Compliance Act (FATCA) is a new US law enacted on March 18, 2010, as part of the HIRE Act. Final FATCA regulations were issued January 17, 2013 and provide various clarifications and alignments. Meanwhile, intergovernmental agreements (IGAs) are also being concluded with various countries to eliminate legal barriers and to facilitate execution of FATCA in these partner countries. FATCA will become effective January 1, 2014, so now it is time to prepare...(Español
An update on the Cyprus Bailout
Late yesterday afternoon, March 19th 2013, during an extraordinary session, the Cyprus Parliament voted against the bailout plan for the island’s economy which was proposed last Saturday March 16th, by the Eurozone Finance Ministers council (the “Eurogroup”)...
Aminews Asia Quarter 1 2013
One goal of information exchange is to identify those citizens or residents who are hiding undisclosed income and assets in offshore jurisdictions. A chart of the current status of information exchange agreements in China, India and Indonesia reveals interesting results...(普通话
Cyprus – Update on obtaining residency permit
Cyprus has recently experienced an increase in applications for a residence permit. The holder of such a permit enjoys free entry to Cyprus as well as the countries of the European Union and the Commonwealth. This is exactly what attracts applicants to seek Cyprus residency status these days...
Mauritius Freeport Zone: Tax Free Access to Regional Markets in Africa
In a competitive global market, it is important for businesses to choose the best location for their processing activities and centralized distribution system. The Mauritius Freeport, established in 1992, boasts excellent infrastructure and transshipment facilities and highly qualified labour forces, and offers investors extremely attractive incentives. Today, it is the trading hub of eastern and southern Africa...(Español