This time around there is more reason than ever to undertake some early tax year end planning.
This year the Budget, tax year end and a general election will all occur within a two month period. The 2014/15 year end tax checklist is thus a combination of the familiar March exercises, together with a round of pre-election planning, some of which may be put in place after 5 April:
Pensions
The year end planning focus for pensions […]
On 31st October, 2014, the Ministry of Finance, State Administration of Taxation (SAT) and China Securities Regulatory Commission jointly published Cai Shui [2014] No.79 (Circular 79) to clarify enterprise income tax (EIT) policy for capital gains with respect to QFIIs/RQFII. Under Circular 79, QFIIs/RQFIIs are temporarily exempt from EIT on China-sourced capital gains derived from transfer of equity investment assets (including shares) effective from 17th November, 2014. However, at the same time, it provides […]
The Cayman Islands Tax Information Authority (TIA) released its User Guide for the Cayman Islands Automatic Exchange of Information Portal (Portal) on 18 March 2015. Although there have been some press reports that the Portal is now open, it is not as at the date of this eAlert. Appleby is closely monitoring the situation and we will send a further alert when the Portal is live.
The User Guide
The User Guide provides detailed, practical guidance […]