News

News

20.12.2013

On 15 December 2013 His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler of Dubai, has enacted the DIFC Laws Amendment Law, DIFC Law No. 1 of 2013 available on the DIFC Authority website www.difc.ae.

19.12.2013

On 16 December 2013 Malta has become the latest country to sign intergovernmental agreement with the US to implement the Foreign Account Tax Compliance Act (FATCA).

Earlier, on 13 December 2013 Jersey, Guernsey and the Isle of Man have all signed similar agreements with the US. 

18.12.2013

On 5 December 2013 Double taxation agreement between the Governments of Hong Kong and Guernsey entered into force.

17.12.2013

On 15 November 2013 Belarusian parliament ratified Double taxation agreement (DTA) between the Governments of Belarus and Singapore.

The DTA provides for lower withholding tax rates for dividends, interest and royalties than the rates under national Belarusian taxation legislation.

16.12.2013

Six Swiss banks - Bank Coop, Migros Bank, Linth Bank; Valiant Holding; Vontobel Holding AG; and Berner Kantonalbank - have announced their participation in the US program (see below), under which they may avoid criminal prosecutions in return for supplying the US Department of Justice with client information, plus financial penalties of up to 50% of assets they managed on behalf of US citizens. 

13.12.2013

On 11 December 2013 European Parliament approved legislative initiative to oblige EU countries by 2017 to collect and automatically share data on income from employment, directors' fees, life insurance, pensions and property, as well as on other income, including that from dividends, capital gains and bank account balances.

This European Parliament’s proposal for a Council directive is advisory in nature.

12.12.2013

Today, on 12 December 2013, the 20th anniversary of the Russian Constitution, Vladimir Putin delivered the annual Presidential Address to the Federal Assembly. 

09.12.2013

The Autumn Statement 2013 was made by the Chancellor of the Exchequer, George Osborne on Thursday 5 December. The statement provides an update on the government’s plans for the economy based on the latest forecasts from the Office for Budget Responsibility.

06.12.2013

On 29 November 2013 the Swiss Federal Council has instructed the Swiss Federal Department of Finance to submit a proposal on the next steps for enhanced due diligence requirements to prevent banks and other financial intermediaries the acceptance of untaxed assets in the Confederation.

05.12.2013

On 29 November 2013, the U.S.A. and the Cayman Islands signed an Intergovernmental Agreement (IGA) on the basis of a Model I template, in order to improve international tax compliance and to implement the Foreign Account Tax Compliance Act (FATCA).

© 1997—2014 DS Express, Inc

84, Spyrou Kyprianou, 

2nd floor, Limassol 4004

Cyprus

tel +357 25 731-042

info@dsexpress.com

 

11 Solzhenitsyna Street

Moscow 109004 Russia

tel +7 495 956-1727

fax +7 495 234-0735

info@dsexpress.com

15 Kreshchatik Street, office 149

Kyiv 01001 Ukraine

tel +38 044 237-2222

fax +38 044 278-6714

kiev@dsexpress.com

 

52 Angliyskaya Emb., office 28

St.Petersburg 190000 Russia

tel +7 812 570-1564

fax +7 812 325-723

spb@dsexpress.com

More contact details and office maps can be found in the section Contacts

© 2015 DS Express Ltd  All rights reserved