UK: UK Budget – Residential Property – Changes To ATED/ CGT

ATED
The Chancellor confirmed in his budget yesterday the extension of the Annual Tax on Enveloped Properties (ATED) to lower value properties, effective 1 April 2015.

ATED is the annual tax payable by non-natural persons holding high value residential property. A non-natural person is a company (both UK and overseas); a collective investment vehicle; or a partnership in which one or more members is a company.

ATED has applied to properties over £2 million since April 2013. […]

By |March 29th, 2015|

Cayman Islands: Cayman Portal Registration Deadline Extended

An update was released recently by the Cayman Islands Department of International Tax Cooperation in relation to the status of the Cayman Automated Exchange of Information Portal (Portal) and the requirement for Cayman Islands Financial Institutions to register with the Cayman Islands Tax Information Authority.

Cayman Islands Financial Institutions will generally be required to register with the Cayman Islands Tax Information Authority, however the deadline for registration has been postponed from March 31, 2015 until […]

By |March 29th, 2015|

Home > Asia Pacific > Tax China: SAT Submitted A Letter To The UN TP Manual Regarding Views On Service Fees And Management Fees

In April 2014, State Administration of Taxation of People’s Republic of China (“SAT”) submitted a letter (“the Letter”) to the subcommittee of UN Transfer Pricing Manual for Developing Countries (“UN TP Manual”). In this letter, SAT gives its comments on intra-group services fees and management fees from a China practical point of view. The Letter is expect to have a profound influence on China tax practices for it is the first time that SAT […]

By |March 27th, 2015|