United States: International Tax Alert – FATCA – Fund Managers: Be Aware Of Upcoming Deadlines

Fund managers the world over are facing the reality of the U.S. Foreign Account Tax Compliance Act (“FATCA”), encountering requests from U.S. withholding agents for FATCA documentation from funds and inquiries from potential investors regarding the status of FATCA compliance. A fund manager, tasked with assessing the FATCA status and compliance of numerous funds, frequently must review not just the U.S. FATCA regulations, but also the application of a Model 1 or Model 2 […]

By |October 3rd, 2014|

Canada: Post Federal Budget 2014 Tax And Estate Planning – From Testamentary Trusts To Alter Ego And Joint Partner Trusts?

In the 2014 Federal Budget, the Federal Government proposed changes to the taxation of testamentary trusts that will significantly reduce the potential benefits of testamentary trust planning – and will likely make establishing an alter ego or a joint partner trust a better option for more taxpayers:

Taxation Changes. The proposal to apply flat top-rate taxation to certain testamentary trusts beginning with the 2016 taxation year may make alter ego and joint partner trusts more […]

By |October 3rd, 2014|

Reduction Of VAT Rate In Ukraine On Supplying Medical Products

Ukrainian government amended and approved a list of medical products which will be taxed at 7% VAT (Resolution № 410 of 03 September 2014) while importing and selling.

To review the respective resolution reflecting the list of such medical products, please follow the link:http://www.kmu.gov.ua/kmu/control/uk/cardnpd

All other medical products, not included in the list, are subject to the standard VAT rate – of 20%.

By |October 2nd, 2014|