European Union: VAT Alert 05/2015 – The Gambling VAT Exemption Across The EU – The European Commission’s Report

On 16th March, the European Commission published a final report through its web portal which provides information on the application of selected VAT provisions in each of the EU Member States. The final report follows an earlier report issued last year. Such portal is of particular relevance to businesses, established within or outside the EU, who supply telecommunications, broadcasting or electronic services to non-business customers located within the EU and opted or will be […]

By |April 15th, 2015|

Cayman Islands: FATCA And Trustees: Part II

This update is a follow-up to our update entitled FATCA and Trustees: Part I (“Part I”), published in December 2014.

Defined terms and abbreviations not otherwise described herein have the same meaning given to them in Part I.

Since Part I was published, there have been a number of developments in both the Cayman Islands and British Virgin Islands (“BVI”).

Revised Cayman Islands Guidance Notes 

On 15 December 2014, the Cayman Islands Tax Information Authority (“Cayman TIA”) issued the […]

By |April 15th, 2015|

Canada: CRA Charities Directorate Publishes 2015 Program Update

The CRA Charities Directorate has in recent years been actively updating and promoting the dissemination of its charity information, seeking the views of charities and other entities, and using technology to connect with charities and donors. However, the highest profile news stories in recent memory have focused on the Charities Directorate’s review/audit of charities that may be engaged in political activities and the allegation that these audits may be politically motivated (see our previous […]

By |April 15th, 2015|