DUTCH VOLUNTARY DISCLOSURE SCHEME INCOME TAX
|
|
- Christiana McGee
- 7 years ago
- Views:
Transcription
1 DUTCH VOLUNTARY DISCLOSURE SCHEME INCOME TAX Important notice: no penalty imposed until July 1, 2014 On September 2, 2013 a new tax decree on the Dutch voluntary disclosure scheme was issued by State Secretary of Finance, Mr. Frans Weekers. Under this new decree the applicable penalty of 30% is no longer imposed if a tax payer discloses information about unreported foreign assets (i.e. a foreign bank account) before July 1, This possibly also applies to voluntary disclosures that are submitted before September, , but only if the penalty assessment has not been irrevocably imposed. However, even if the penalty assessment is irrevocable,(ex officio) reduction of the penalty might remain possible. This depends on the commitments and clauses that have been agreed with the Tax Authorities in a settlement agreement. Moreover, a Dutch court recently ruled in favour of a tax payer who challenged an imposed penalty assessment on the basis of EU law. From July 1, 2014 until July 1, 2015 a penalty of 30% will be applicable again. As of July 1, 2015 the Dutch voluntary disclosure scheme will be tightened and the penalty of 30% will be doubled to 60% of the tax due. Questions & Answers This document comprises the most common questions and answers regarding the Dutch voluntary disclosure scheme in relation to income tax. Taxand Nederland B.V. Piet Heinkade GM Amsterdam Tel P.O. Box RJ Amsterdam
2 QUESTIONS [Click on the questions to go directly to the answers] 1. VOLUNTARY DISCLOSURE IN GENERAL Who can benefit from this question & answer document? What usually happens if the Tax Authorities discover that I have filed an incorrect/incomplete tax return (i.e. if I am 'caught') What is the statute of limitation for imposing an additional tax assessment? What is the maximum fine/punsihment that will be imposed if I am 'caught' by the Tax Authorities? Can additional assessments, interest on tax due and high fines be avoided? What does the voluntary disclosure scheme entail? What is the financial impact of voluntary disclosure? What is the maximum fine that can be imposed under the voluntary disclosure scheme? Is there a time limit for voluntary disclosure? How do I apply the voluntary disclosure scheme and what are the conditions? What information and data are necessary for application of the voluntary disclosure scheme? What is the Tax Authorities' stance regarding the settlement of a voluntary disclosure request? 7 2. SPECIFIC QUESTIONS REGARDING VOLUNTARY DISCLOSURE Can I make an anonymous voluntary disclosure? Can I make voluntary disclosure alone or must 'accessories' also make disclosure? Are authorised signatories of account holders also approached or included in the investigation carried out by the Tax Authorities on voluntary disclosure? If I am 'caught', can I still benefit from voluntary disclosure? 8
3 2.5. Is there a real chance that I will be caught, despite foreign bank secrecy? Am I allowed to file a voluntary disclosure if I derived the funds from illegal acitivies? How are assets allocated to a foreign trust or company (SPF, Stiftung, Anstalt) dealt with? If funds have been held on a foreign bank account for more than 12 years, is the source of such funds no longer queried? Must I transfer my foreign assets to the Netherlands after voluntary disclosure? 9 3. ASSISTANCE BY TAXAND NETHERLANDS RE: VOLUNTARY DISCLOSURE PROCESS Can Taxand Netherlands assist me if I decide to make voluntary disclosure/apply the voluntary disclosure scheme? What is the advantage of being assisted by an attorney at law (instead of a tax advisor or accountant)? What does the assistance provided by Taxand Netherlands entail? How much time is involved? Why does Taxand Netherlands not assist anonymous taxpayers who come forward? Can Taxand Netherlands assist me even if I am 'caught'? Can I contact Taxand Netherlands without obligation? VOLUNTARY DISCLOSURE IN GENERAL 1.1. Who can benefit from this question & answer document? All Dutch tax payers that need information on the consequences and possible solutions ensuing from the filing of an incorrect income tax return because specific income or assets were erroneously or intentionally not declared. For example: an undeclared foreign bank account. In this Q&A document we address mainly situations relating to foreign undeclared assets because this is a 'hot' topic of the Dutch Tax Authorities and the fines imposed in this respect can be substantial. 3/11
4 1.2. What usually happens if the Tax Authorities discover that I have filed an incorrect/incomplete tax return (i.e. if I am 'caught') If you are caught, in other words, if the Tax Authorities discover that you have filed an incomplete or incorrect return (e.g. by not declaring foreign assets) the Tax Authorities are in principle allowed to impose an additional tax assessment for the amount of the unpaid tax. Interest on tax due (up to 1 January 2013, interest on underpaid tax) must also be paid because of late payment. In addition, high fines can be imposed. If undeclared foreign assets are discovered by the tax Authorities, a much higher fine can be imposed than the fine applicable under the Dutch voluntary disclosure scheme. This higher fine can mount up to 300% of the tax due. Moreover, depending on the situation, you could be prosecuted What is the statute of limitation for imposing an additional tax assessment? The general rule is that there is an additional tax assessment period of 5 years excluding any possible deferment obtained for the filing of a tax return. This means that the Tax Authorities can, in principle, impose an additional tax assessment for income tax due for the past 5 years, excluding any possible deferment obtained. Accordingly, the period can actually be longer than 5 years. There is an exception to the general rule for assets held abroad (profits/return) and equity (shares/bonds). Assessments may be imposed for the past 12 years (excluding any possible deferment obtained) for tax still due on foreign income and foreign assets, provided the Tax Authorities have no knowledge of the existence of assets held abroad. An exception has been made for inheritance tax. There are no time limits (the additional assessment period is thus indefinite) with respect to inheritance tax on foreign undeclared assets What is the maximum fine/punsihment that will be imposed if I am 'caught' by the Tax Authorities? If the Tax Authorities discover that you have filed an incomplete tax return and you have failed to inform the Tax Authorities accordingly: the maximum fine, on discovery of an incomplete return or a return that has not been filed at all (box I and box II) is 100%. Example: if 20,000 is claimed in additional taxes, then the maximum fine is also 20,000; the maximum fine, on discovery of the undeclared assets, such as a foreign bank account (box III) is 300% of the tax still due. For example: if 20,000 is claimed in additional taxes, then the maximum fine is 60,000; you can, in the worst case, be prosecuted Can additional assessments, interest on tax due and high fines be avoided? Additional tax assessments and interest on tax due up to the time the assessment is made cannot be avoided. Additional tax assessments and interest on tax due, depending on the information and data submitted and your negotiating position, can possibly be limited under the voluntary disclosure scheme.
5 High fines can be limited and in specific instances even avoided under the voluntary disclosure scheme. Our experience is that the Tax Authorities are favourably disposed towards those who make voluntary disclosure and strive to ensure speedy settlement What does the voluntary disclosure scheme entail? The voluntary disclosure scheme means that the Tax Authorities will not impose a fine (on disclosure within 2 years) or a much lower fine (on disclosure after 2 years) if you spontaneously and voluntarily file an income tax return in writing for tax that must still be paid on previously undeclared income or assets (or if you still provide complete information in that respect). On September 2, 2013 a new tax decree on the Dutch voluntary disclosure scheme was issued by State Secretary of Finance, Mr. Frans Weekers. Under this new decree the applicable penalty of 30% is no longer imposed if a tax payer discloses information about unreported foreign assets (i.e. a foreign bank account) before July 1, We kindly refer to the important notice before What is the financial impact of voluntary disclosure? The costs of voluntary disclosure depend strongly on the amount of undeclared income and assets and the source of such assets. income (salary/profit/results) are taxed at a progressive rate (op to 52%) whilst savings/investments are taxed effectively at a rate of 1.2% (30% tax on a notional return of 4%); there could also be wealth tax and possible other taxes, depending on the source of the income (e.g. inheritance tax can be due if it concerns an unreported inheritance; and interest and fines can be imposed on the total tax due What is the maximum fine that can be imposed under the voluntary disclosure scheme? You will not be fined if you make disclosure within two years after filing the incorrect/incomplete tax return. Should you make disclosure after two years a fine of 30% will be imposed (instead of 100% or 300%) of the income tax still to be paid. An example: if an additional assessment is imposed of 20,000 then the maximum fine is 6,000 (instead of 20,000 or even 60,000). On September 2, 2013 a new tax decree on the Dutch voluntary disclosure scheme was issued by State Secretary of Finance, Mr. Frans Weekers. Under this new decree the applicable penalty of 30% is no longer imposed if a tax payer discloses information about unreported foreign assets (i.e. a foreign bank account) before July 1, We kindly refer to the important notice before. 5/11
6 1.9. Is there a time limit for voluntary disclosure? There are two time limits: 1) the time limit within which voluntary disclosure can be made; 2) the time limit whereby no fine is imposed on voluntary disclosure. 1: Voluntary disclosure can only be made before you know or suspect that the Tax Authorities will discover incorrectly filed tax returns and unreported assets. You are in time if: The Inspector has not asked you any questions about your return/undeclared assets; The Inspector has not yet announced that a tax audit will be performed, during which inaccuracies in the tax return(s)/undeclared assets can be discovered; An investigator from the Fiscal Intelligence Service has not informed you that you are being investigated in relation to the tax returns/undeclared assets. If you know or suspect that the Tax Authorities are aware or will become aware of your previous incorrect/incomplete tax returns, you will not be allowed to make voluntary disclosure and you will then, in principle, not be eligible for moderated fines. However, please note that if you cooperate fully anyway, the Tax Authorities in principle is willing to facilitate a smooth settlement and possibly also moderate the fine. 2: If you make disclosure within 2 years, after you have filed the incomplete/incorrect tax return(s), no fine will be imposed. After those 2 years you are liable for a fine of 30%. On September 2, 2013 a new tax decree on the Dutch voluntary disclosure scheme was issued by State Secretary of Finance, Mr. Frans Weekers. Under this new decree the applicable penalty of 30% is no longer imposed if a tax payer discloses information about unreported foreign assets (i.e. a foreign bank account) before July 1, We kindly refer to the important notice before How do I apply the voluntary disclosure scheme and what are the conditions? You may apply the voluntary disclosure scheme by making a spontaneous and voluntary full declaration of unreported income and assets, or by still providing information, data or pointers in respect of the unreported assets. Spontaneously and voluntarily means that you disclose information before you know or suspect that the Tax Authorities are aware or will become aware of your earlier incorrect/incomplete tax return. You are in time if: The Inspector did not ask you questions about your tax return/undeclared assets; The Inspector has not yet announced that a tax audit will be performed, during which inaccuracies in the tax return(s)/undeclared assets can be discovered; An investigator from the Fiscal Intelligence Service has not informed you that you are being investigated in relation to the tax returns/undeclared assets What information and data are necessary for application of the voluntary disclosure scheme? Information on all unreported income and assets must be provided. Examples of foreign assets are:
7 foreign bank accounts; investments held abroad; entitlement to the assets in trusts (SPF, Stiftung, Anstalt); foreign immovable property (for example, a holiday house). To apply the voluntary disclosure scheme and file a correct and complete income tax return and subsequently determine the tax due, complete information and data must be provided. In principle, all bank statements of unreported bank accounts/foreign bank accounts, and statements of assets and liabilities for the past 12 years, are required. It is usually difficult to retrieve data that is older than 10 years, certainly when it relates to data from abroad. In our experience, the data relating to the missing 2 years can usually be determined in consultation with the Tax Inspector. Please note: if the correct or requested information is not submitted or submitted incorrectly, the Tax Authorities may impose estimated assessments. The burden of proof is then also reversed and increased. This means that, if you hold the view that the additional assessment is too high, you are obliged to convincingly prove what should be the correct (lower) amount What is the Tax Authorities' stance regarding the settlement of a voluntary disclosure request? In our experience, the stance of the Tax Authorities is to settle the voluntary disclosure request in the most practical manner possible. That is why it is important that all relevant documents are submitted in one overview and that the position taken in respect of deposits, withdrawals, amount of the assets, the source tax to be calculated, other deductions and the income enjoyed (prior to the year 2001), is clear and arguable. The Tax Authorities are, in most cases, prepared to take a pragmatic stance with respect to the missing data. If the factual situation is clear and there is no reason for doubt, the Tax Authorities will usually fill in the details relating to the oldest years according to what is reasonable and fair. 2. SPECIFIC QUESTIONS REGARDING VOLUNTARY DISCLOSURE 2.1. Can I make an anonymous voluntary disclosure? No, that is not possible. Voluntary disclosure requires full disclosure. The Tax Authorities make no arrangements with anonymous taxpayers. This means that you must always provide the Tax Authorities with your name Can I make voluntary disclosure alone or must 'accessories' also make disclosure? Sole voluntary disclosure is permissible. The voluntary disclosure scheme is personal. However, we always advise 'accessories' to make a voluntary disclosure at the same 7/11
8 time. This means that others (family members/accessories), cannot benefit from your voluntary disclosure if they do not disclose information about their unreported assets at the same time, while you are obliged to make full disclosure. For example: an heir of a foreign bank account decides to make voluntary disclosure. The heir has a brother who is co-heir of the foreign bank account. If the heir decides to make a voluntary disclosure, he must make full disclosure. This means that in principle he is obliged to provide the Tax Authorities with his brother's name. From the time that the Tax Authorities are aware of the brother's name, the brother might not be able to apply for the voluntary disclosure scheme, unless the brother and the heir made simultaneous voluntary disclosure. As soon as the Tax Authorities become aware of the brother's existence, there is a very real chance that a tax audit will be performed by Tax Authorities and, consequently, also a real chance that additional assessments and high fines will be imposed. If you decide to make voluntary disclosure we advise you to inform others accordingly (family members/accessories) and advise to declare the unreported assets at the same time Are authorised signatories of account holders also approached or included in the investigation carried out by the Tax Authorities on voluntary disclosure? Full disclosure is required on voluntary disclosure. The Tax Authorities will check the facts presented in relation to credibility and plausibility. Further investigation into the account holders is then, in principle, not necessary If I am 'caught', can I still benefit from voluntary disclosure? No, if you are caught, you are not longer allowed to invoke the voluntary disclosure scheme. It might, in some cases, be possible to limit the fine. This depends, among other things, on how you cooperate with the investigation carried out by the Tax Authorities Is there a real chance that I will be caught, despite foreign bank secrecy? Yes. In our experience, the possibilities for the Tax Authorities to discover foreign undeclared assets is ever-increasing. The hunt for hidden assets is a worldwide trend. More and more, the tax authorities from various countries are combining forces to track down undeclared assets. This cooperation is strengthened by regulations laid down in tax treaties and European Directives governing the provision of information but also by agreements specifically addressing the exchange of tax information (the so-called TIEA's). The new law on the exchange of information within the EU took effect on 1 January The new law has also considerably widened the investigative powers of the Dutch Tax Authorities. The current far-reaching international cooperation makes it almost impossible to maintain bank secrecy. Moreover, investigation and the combating of fraud is one of the Tax Authorities priorities in these difficult economic times.
9 2.6. Am I allowed to file a voluntary disclosure if I derived the funds from illegal acitivies? Yes, you may. The voluntary disclosure scheme also applies in this respect. You must, however, bear in mind that there could be a question of a criminal offence, such as: infringement of the Opium Act; tax fraud; forgery of documents; money laundering etc. with respect to funds that can possibly be traced back to illegal activities The Tax Authorities will not, on the basis of the voluntary disclosure scheme, report tax fraud to Public Prosecution Service. They will, however, inform the Public Prosecutor of other possible (criminal) offences How are assets allocated to a foreign trust or company (SPF, Stiftung, Anstalt) dealt with? This depends on how the Netherlands qualify the trust or company. And this is precisely one of the biggest bottlenecks. The Dutch Tax Authorities do not automatically assume a foreign qualification. With effect from 1 January 2010 assets placed in a trust are always imputed to the contributor. The position as far as companies are concerned is vague. If the company is deemed transparent, this implies that the ultimate beneficiaries of the assets are included in the taxation. If the company is deemed non-transparent, taxation at the level of the trust or the company is possible. An assessment of the company is required to determine the exact tax consequences If funds have been held on a foreign bank account for more than 12 years, is the source of such funds no longer queried? No. The Tax Authorities can also request information or data on the events occurring outside the recovery period (additional assessment) of 12 years. For instance, to gain insight into past affairs, such as an estate divided among the heirs Must I transfer my foreign assets to the Netherlands after voluntary disclosure? No, that is not necessary. Your may still hold your assets on your foreign bank account after the voluntary disclosure. However, you will be obliged to declare your assets in all tax returns filed after the voluntary disclosure. 3. ASSISTANCE BY TAXAND Netherlands RE: VOLUNTARY DISCLOSURE PROCESS 3.1. Can Taxand Netherlands assist me if I decide to make voluntary disclosure/apply the voluntary disclosure scheme? Yes, gladly. The tax lawyers of Taxand Netherlands have extensive experience in assisting taxpayers who wish to invoke the voluntary disclosure scheme. To make optimum use of the voluntary disclosure scheme it is important that disclosure is done with due care. We will assist you throughout the whole process. Please contact us for more information without any obligation. 9/11
10 3.2. What is the advantage of being assisted by an attorney at law (instead of a tax advisor or accountant)? Attorneys at law are bound by a duty of confidentiality which means that we keep your affairs confidential. This applies to the introductory meeting and the whole voluntary disclosure process. This is not the case for tax advisors and accountants. Tax advisors have a duty to report under the Money Laundering and Terrorist Financing (Prevention) Act when assisting on a voluntary disclosure process (this does not include the introductory meeting). Attorneys at law, on the other hand, are explicitly bound to secrecy by a ruling given by the Disciplinary Appeals Tribunal and by invoking their lawyer-client privilege. Taxand Netherlands employes tax advisors as well as attorneys at law What does the assistance provided by Taxand Netherlands entail? After the introductory meeting we will assist you throughout the voluntary disclosure process. We will collate the necessary documentation, make a tax calculation and negotiate with the Tax Authorities. If you are an entrepreneur, our assistance will ensure that your business will continue to operate uninterruptedly. If you are a private individual, you can rest easy in the knowledge that your foreign assets will be declared properly so that you are able to dispose of them as you wish after voluntary disclosure has taken place How much time is involved? The length of the voluntary disclosure process depends on the specific situation. The most straightforward situation can be settled within 2 months while more complex situations can take up to one year. How information and data is submitted to the Tax Authorities can affect the duration of the voluntary disclosure process. If the information is provided quickly, completely and clearly, this could shorten the time involved considerably Why does Taxand Netherlands not assist anonymous taxpayers who come forward? We do not assist anonymous taxpayers who come forward because voluntary disclosure requires full disclosure. The Tax Authorities make no arrangements with anonymous taxpayers. This means that the Tax Authorities will not consult with us if we do not give them your name in advance. We will instead receive a standard letter from the Tax Authorities explaining the voluntary disclosure scheme and requesting that your name be made known Can Taxand Netherlands assist me even if I am 'caught'? Yes, we can. As attorneys at law / tax advisors we can assist you if you have not used the voluntary disclosure scheme and the Tax Authorities discover that your tax return was incorrectly filed (for example because the Tax Authorities discovered your hidden assets).
11 In addition to our knowledge of substantive tax law, we are skilled in tax and criminal proceedings. This means that you will have the best possible defence and we will properly coordinate any possible proceedings ensuing from discovery Can I contact Taxand Netherlands without obligation? Yes. For more information without any obligation, please contact: Frans Duynstee (frans.duynstee@taxand.nl / ) or Abdelmajid Ettafahi (abdelmajid.ettafahi@taxand.nl / Taxand Netherlands Piet Heinkade 133 P.O. Box 16886, 1001 RJ Amsterdam, The Netherlands I: 11/11
WEALTH MANAGEMENT. Review of tax compliance procedure for undisclosed foreign assets
Olivier HOEBANX Associé BMH AVOCATS Review of tax compliance procedure for undisclosed foreign assets Introduction For several years, many countries have been introducing measures designed to punish taxpayers
More informationOur EXPERT Services Formal Tax Law
BAKER TILLY DUTCH CARIBBEAN Personally invested Our EXPERT Services Formal Tax Law Curacao St. Maarten Aruba Bonaire 2 Our Expert Services Formal Tax Law Baker Tilly Dutch Caribbean has offices in Curacao,
More informationCONDITIONS EURO/USD/GBP/TRY-PLUS SAVINGS ACCOUNT AND EURO/USD/GBP/TRY-PLUS DEPOSIT
CONDITIONS EURO/USD/GBP/TRY-PLUS SAVINGS ACCOUNT AND EURO/USD/GBP/TRY-PLUS DEPOSIT These general terms and conditions were issued in 2014 by Yapi Kredi Bank Nederland N.V. and are, together with the General
More informationIncome in the Netherlands is categorised into boxes. The above table relates to Box 1 income.
Worldwide personal tax guide 2013 2014 The Netherlands Local information Tax Authority Website Tax Year Tax Return due date Is joint filing possible Are tax return extensions possible Belastingdienst www.belastingdienst.nl
More information8 THINGS YOU MUST KNOW BEFORE THE IRS CALLS YOU
8 THINGS YOU MUST KNOW BEFORE THE IRS CALLS YOU Contact Us Today to Schedule a Free Consultation. Call 866-784-0023 or visit www.mlhorwitzlaw.com 8 Things You Must Know Before the IRS Calls You What is
More informationONLINE SAVINGS ACCOUNT.
ONLINE SAVINGS ACCOUNT. TERMS AND CONDITIONS. THE FINE PRINT. All the details to keep everyone smiling. ABOUT THIS BOOKLET. Congratulations on choosing an Online Savings Account with ME Bank. We know that
More informationGeneral Terms and Conditions of Peak Payroll Services B.V. In these General Terms and Conditions:
General Terms and Conditions of Peak Payroll Services B.V. Article 1 General In these General Terms and Conditions: 1. The Client refers to the party issuing the assignment, and 2. Peak refers to the company
More informationROGERS JOSEPH O'DONNELL
415.956.2828 (t) Robert Dollar Building 415.956.6457 (f) 311 California Street, 10th Flr. San Francisco CA 94104 ROGERS JOSEPH O'DONNELL 202.777.8950 (t) Victor Building 202.347.8429 (f) 750 9th Street,
More informationJOINT COUNCIL OF EUROPE/OECD CONVENTION ON MUTUAL ADMINISTRATIVE ASSISTANCE IN TAX MATTERS
JOINT COUNCIL OF EUROPE/OECD CONVENTION ON MUTUAL ADMINISTRATIVE ASSISTANCE IN TAX MATTERS 1 TABLE OF CONTENTS TEXT OF THE CONVENTION ON MUTUAL ADMINISTRATIVE ASSISTANCE IN TAX MATTERS4 PREAMBLE... 4 CHAPTER
More informationThe Austrian Swiss Tax Agreement
Practice Group Tax, Austria Newsletter April 2012 For further information, please contact: The Austrian Swiss Tax Agreement In an unexpectedly speedy process, on April 13, 2012 Austria and Switzerland
More informationOliver Biernat ITPG Global Chairman
Oliver Biernat ITPG Global Chairman ITPG-Meeting, GGI North American Conference, New Orleans, 15 May 2014 Introduction What do you know about the Hoeneß case? (1) Swiss and Luxemburg banks urge their clients
More informationBelgium: A new obligation to declare foreign private wealth structures
Belgium: A new obligation to declare foreign private wealth structures Gerd D Goyvaerts* Introduction Over the last decade Belgium has been evolving from a country with a fairly beneficial tax system for
More informationABBL guidance note. May 2014
May 2014 ABBL guidance note on a diligent application of the standards of integrity, transparency and professionalism in the provision of financial services to clients In order to keep up with political,
More informationThe 30% ruling. www.expatax.nl
The 30% ruling www.expatax.nl Contents 1. Information about the 30% ruling 2. The procedure 3. Forms required 4. About Expatax Expatax: the expat tax specialist For more information: www.expatax.nl/30ruling.
More informationDRV Accountants & Adviseurs General terms and conditions Corporate Finance Versie 01-03-12 1
Filed with the Rotterdam Chamber of Commerce in Rotterdam on 26 March 2009 under number 24117094. Internet: www.drvcf.nl Offices in: Rotterdam Hoofdweg 52 P.O. Box 8560-3009 AN Rotterdam, Netherlands Telephone:
More informationAsset Tracing. PC.DEL/790/12/Rev.1 4 September 2012. Seminar Identifying, Restraining and Recovering Stolen Assets in the OSCE Region Session IV
Seminar Identifying, Restraining and Recovering Stolen Assets in the OSCE Region Session IV Jean-Bernard Schmid State Prosecutor, Geneva PC.DEL/790/12/Rev.1 4 September 2012 ENGLISH only Asset Tracing
More informationThe I.R.S. Amnesty Program & The New Streamlined Filing Compliance Procedures
TOPICS IN THE SEMINAR INCLUDE: The I.R.S. Amnesty Program & The New Streamlined Filing Compliance Procedures By Richard S. Lehman, Esq. TAX ATTORNEY www.lehmantaxlaw.com SEMINAR INTRODUCTION by Richard
More informationTransportation and Arbitration: A Love Story?
Transportation and Arbitration: A Love Story? Organized by the Arbitration and Transport Groups WS 06 National Report of the Netherlands Jikke Biermasz Kneppelhout & Korthals Rotterdam Boompjes 40 3011
More informationTAX PLAN 2014. This will further manifest itself in the years after 2014.
In this Budget Day Special Edition, Taxperience discusses the most important proposals of the Tax Plan 2014 and the additional relevant legislative proposals. The special edition is structured as follows:
More informationRadio X June 19 Broadcast Foreign Asset Reporting Questions & Answers
Radio X June 19 Broadcast Foreign Asset Reporting Questions & Answers 1. What is the FBAR filing? FBAR is the acronym for the Foreign Bank Account Report that must be filed annually with the IRS to report
More informationCode of Practice. Civil Investigation of Fraud. Notice COP 9 MAN
Code of Practice Civil Investigation of Fraud Notice COP 9 MAN July 2009 (updated to 18 July 2011) 1 Introduction Contents Civil Investigation of Fraud Civil investigation of fraud statement Outline Confidentiality
More informationThompson Jenner LLP Last revised April 2013 Standard Terms of Business
The following standard terms of business apply to all engagements accepted by Thompson Jenner LLP. All work carried out is subject to these terms except where changes are expressly agreed in writing. 1
More informationCertification of Non-Willfulness Streamlined Filing Compliance Procedure
Certification of Non-Willfulness Streamlined Filing Compliance Procedure Article by: Mishkin Santa, LL.M, J.D. - Director of International Advisory & Legal Services The eligibility requirements for expanded
More informationOLAF: Decision on Measures to Combat Fraud
EUROPEAN INVESTMENT FUND OLAF: Decision on Measures to Combat Fraud Copyright 2004 European Investment Fund Page 1 of 6 1. Legal background to the proposal The European Anti-Fraud Office ( OLAF or the
More informationThe Advantages of Liechtenstein Annuities and Life Insurance
The Advantages of Liechtenstein Annuities and Life Insurance PRINCELY PRIVILEGES The success of the Liechtenstein insurance companies is based to a significant extent on the framework conditions known
More informationTAX INVESTIGATION FRAMEWORK. Translation from the original Bahasa Malaysia text.
MALAYSIA TAX INVESTIGATION FRAMEWORK Bahasa Malaysia text. EFFECTIVE DATE: 1 JANUARY 2007 MALAYSIA Effective Date: 1 January 2007 CONTENTS Page 1. INTRODUCTION 1 2. STATUTORY PROVISIONS 1 3. WHAT IS TAX
More informationUS Tax Issues for Canadian Residents
US Tax Issues for Canadian Residents SPECIAL REPORT US Tax Issues for Canadian Residents The IRS has recently declared new catch up filing procedures for non-resident US taxpayers who are considered innocent
More informationYour Taxes: IRS grants 3-week extension for its tax-amnesty program
Your Taxes: IRS grants 3-week extension for its tax-amnesty program Sep. 22, 2009 KEVIN E. PACKMAN and LEON HARRIS, THE JERUSALEM POST This article is an urgent update for US taxpayers... and it comes
More informationPayroll Services. www.expatax.nl
Payroll Services www.expatax.nl Contents 1. Payroll in the Netherlands 2. Services provided by Expatax 3. Information required A. Application wage tax number B. Authorization form C. Statement on the tax
More informationBATL Memorandum: A Good Start to New Tax Amnesty
BATL Memorandum: the New Law on Fiscal Regularization ("Tax Amnesty") Pursuant to its statutory purpose, BATL wishes to participate in the creation of efficient and high-quality legislation applicable
More informationTAX OFFENCES AND ENFORCEMENT MEASURES IN RUSSIA
Authors: Jon Hellevig, Anton Kabakov, and Artem Usov. Jon Hellevig, Managing partner of Awara Group LinkedIn: http://www.linkedin.com/in/jonhellevig Facebook: http://www.facebook.com/jonhellevig E-mail:
More informationCODE OF PRACTICE 9. HMRC investigations where we suspect tax fraud
CODE OF PRACTICE 9 HMRC investigations where we suspect tax fraud The HMRC Investigation of Fraud Statement (i) The Commissioners of HMRC reserve complete discretion to pursue a Criminal investigation
More informationIRS ANNOUNCES NEW VOLUNTARY DISCLOSURE DEAL FOR OFFSHORE ACCOUNT HOLDERS SEPTEMBER 23, 2009 DEADLINE Richard G. Convicer, Esq. Eric L. Green, Esq.
IRS ANNOUNCES NEW VOLUNTARY DISCLOSURE DEAL FOR OFFSHORE ACCOUNT HOLDERS SEPTEMBER 23, 2009 DEADLINE Richard G. Convicer, Esq. Eric L. Green, Esq. On March 23, 2009 the Internal Revenue Service announced
More informationRevenue Audits Article by Eamon Staunton, MBA AITI, CPA, Examiner - Formation 2 Taxation
Revenue Audits Article by Eamon Staunton, MBA AITI, CPA, Examiner - Formation 2 Taxation What is a Revenue Audit A Revenue audit is an examination of the information and figures shown by a taxpayer in
More informationbetween Italy and Switzerland
Roadmap on the Way Forward in Fiscal and Financial Issues between Italy and Switzerland Taking note of the recent developments in the area of international taxation, in particular: the commitment of the
More informationChapter 25. Tax Administration and Practice. Eugene Willis, William H. Hoffman, Jr., David M. Maloney and William A. Raabe
Chapter 25 Tax Administration and Practice Eugene Willis, William H. Hoffman, Jr., David M. Maloney and William A. Raabe Copyright 2004 South-Western/Thomson Learning Tax Administration (slide 1 of 3)
More informationAlign Technology. Data Protection Binding Corporate Rules Controller Policy. 2014 Align Technology, Inc. All rights reserved.
Align Technology Data Protection Binding Corporate Rules Controller Policy Contents INTRODUCTION 3 PART I: BACKGROUND AND ACTIONS 4 PART II: CONTROLLER OBLIGATIONS 6 PART III: APPENDICES 13 2 P a g e INTRODUCTION
More informationBest Practices Paper MANAGING THE ANTI-MONEY LAUNDERING AND COUNTER-TERRORIST FINANCING POLICY IMPLICATIONS OF VOLUNTARY TAX COMPLIANCE PROGRAMMES
Best Practices Paper MANAGING THE ANTI-MONEY LAUNDERING AND COUNTER-TERRORIST FINANCING POLICY IMPLICATIONS OF VOLUNTARY TAX COMPLIANCE PROGRAMMES October 2012 FINANCIAL ACTION TASK FORCE The Financial
More informationLegal Digest. Money Laundering Offences In Singapore. Naina Parwani. An online repository of various articles published by our lawyers
An online repository of various articles published by our lawyers Money Laundering Offences In Singapore Naina Parwani 1 Rajah & Tann 4 Battery Road #26-01 Bank of China Building Singapore 049908 Tel:
More informationRudolph Claus and the Extra-Territorial Enforcement of US. Tax Law. Michael J. Legamaro
Rudolph Claus and the Extra-Territorial Enforcement of US Tax Law Michael J. Legamaro 1 Story of Rudolph Claus Rudolph is a US citizen born in US while Austrian-citizen parents were vacationing He has
More informationCode of Practice 9 (July 2011)
Code of Practice 9 (July 2011) Introduction HM Revenue & Customs (HMRC) will investigate any situation where they suspect serious tax fraud. The investigation will be undertaken with or without your voluntary
More informationMemorandum. Office of Chief Counsel Internal Revenue Service. Number: 200603026 Release Date: 1/20/2006 CC:SB:SBerman POSTS-109746-05
Office of Chief Counsel Internal Revenue Service Memorandum Number: 200603026 Release Date: 1/20/2006 CC:SB:SBerman POSTS-109746-05 UILC: 9999.99-00 9999.99-01 date: September 01, 2005 to: K. Steven Burgess,
More informationStandard terms of business
31a Charnham Street, Hungerford, Berkshire, RG17 0EJ Tel: 01488 682546 Fax: 01488 684473 Email: bradingcryer@bradingcryer.co.uk Web: www.bradingcryer.co.uk Standard terms of business The following standard
More informationConsolidated Insurance Mediation Act 1
Consolidated Insurance Mediation Act 1 Act no. 930 of 18 September 2008 This is an Act to consolidate the Insurance Meditation Act, cf. Consolidated Act no. 401 of 25 April 2007, as amended by section
More informationGENERAL TERMS AND CONDITIONS FOR LEGAL SERVICES
GENERAL TERMS AND CONDITIONS FOR LEGAL SERVICES This document sets forth the general terms and conditions under which AS Advokaadibüroo Tark Grunte Sutkiene provides legal services. 1. THE PARTIES 1.1
More informationCommodity Futures Trading Commission Commodity Whistleblower Incentives and Protection
Commodity Futures Trading Commission Commodity Whistleblower Incentives and Protection (7 U.S.C. 26) i 26. Commodity whistleblower incentives and protection (a) Definitions. In this section: (1) Covered
More informationPersonal Data Act (1998:204);
Personal Data Act (1998:204); issued 29 April 1998. Be it enacted as follows. General provisions Purpose of this Act Section 1 The purpose of this Act is to protect people against the violation of their
More informationCLIENT TERMS OF BUSINESS AGREEMENT
CLIENT TERMS OF BUSINESS AGREEMENT General Information Seascope Insurance Services Limited (SIS) is an independent Lloyd s broker and is not tied to any one insurer. SIS has received a Grant of Permission
More informationMediating Tax Disputes in the Netherlands
Articles Mediating Tax Disputes in the Netherlands Roelof Vos Introduction This article highlights the practical developments of mediation in the Netherlands for resolving disputes between the Tax Authorities
More informationRegulations concerning measures to combat money laundering and the financing of terrorism, etc.
Regulations concerning measures to combat money laundering and the financing of terrorism, etc. Translation as of April 2009. This translation is for information purposes only. Legal authenticity remains
More informationMerchants and Trade - Act No 28/2001 on electronic signatures
This is an official translation. The original Icelandic text published in the Law Gazette is the authoritative text. Merchants and Trade - Act No 28/2001 on electronic signatures Chapter I Objectives and
More informationMemorandum/Article. The IRS Whistleblower Program The US Pays People to Inform on Non-Compliant US Taxpayers
Suite 2700, 161 Bay Street Memorandum/Article TD Canada Trust Tower Toronto, Ontario M5J 2T3, Canada ph. +1 (416) 572-2063 fax +1 (416) 572-2201 www.garbutt-taxlaw.com Reply to: Jonathan Garbutt jonathan@garbutt-taxlaw.com
More informationBy Directors, Officers and Employees of Hellaby Holdings Limited and its Subsidiaries ( The Company )
Code of Conduct for Securities Trading ( Code ) By Directors, Officers and Employees of Hellaby Holdings Limited and its Subsidiaries ( The Company ) Approved by the Board: 10 May 2013 1. Introduction
More informationCHAPTER I I. Formation of a limited liability company CHAPTER I. GENERAL PROVISIONS
Law of the Republic of Kazakhstan dated April 22, 1998 220-I On limited liability companies and additional liability companies (with alterations and amendments as of 29.12.2014) CHAPTER I. General provisions
More informationINDIVIDUAL CLIENT AGREEMENT AGILITY FOREX LTD INDIVIDUAL CLIENT AGREEMENT
INDIVIDUAL CLIENT AGREEMENT INDIVIDUAL CLIENT AGREEMENT The following terms and conditions apply to individuals who are transacting: for their own account, as a sole proprietor of a business, as a trustee
More informationUS Voluntary Disclosure
what you need to know, and how we can help US Voluntary Disclosure what you need to know, and how we can help www.withersworldwide.com www.withersworldwide.com Introduction Countries throughout the world
More informationQualified Electronic Signatures Act (SFS 2000:832)
Qualified Electronic Signatures Act (SFS 2000:832) The following is hereby enacted 1 Introductory provision 1 The purpose of this Act is to facilitate the use of electronic signatures, through provisions
More informationOriginal Frequently Asked Questions Posted May 6, 2009. 1. Why did the IRS issue internal guidance regarding offshore activities now?
Original Frequently Asked Questions Posted May 6, 2009 1. Why did the IRS issue internal guidance regarding offshore activities now? The IRS has had a voluntary disclosure practice in its Criminal Manual
More informationFederal Act on Combating Money Laundering and Terrorist Financing in the Financial Sector 1
English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force. Federal Act on Combating Money Laundering and Terrorist
More informationResidential and Buy to Let Mortgages Supplementary application form
Residential and Buy to Let Mortgages Supplementary application form Intermediary details Contact name FCA registration number Loan details Date of original purchase (remortgage only) If remortgaging, what
More informationVisa Credit Card Agreement
Visa Credit Card Agreement 1. INTRODUCTION. This VISA Credit Card Agreement (Agreement) and the Account Disclosures accompanying this Agreement will govern your Platinum VISA or Platinum VISA with Rewards
More informationOverview of 2011 IRS Offshore Voluntary Disclosure Initiative
Overview of 2011 IRS Offshore Voluntary Disclosure Initiative Attorney Morris N. Robinson, CPA, LLM M. Robinson & Company MassTaxLawyers.com 160 Federal Street Boston, MA 02110 617/ 428-6900 1 M. Robinson
More informationContractor s Obligations and Liability when Work is Contracted Out
Contractor s Obligations and Liability when Work is Contracted Out Introduction There are many ways of combating the negative effects caused to enterprises by the grey or undeclared economy and unhealthy
More informationARBITRATION RULES OF THE COURT OF ARBITRATION AT THE POLISH CHAMBER OF COMMERCE
ARBITRATION RULES OF THE COURT OF ARBITRATION AT THE POLISH CHAMBER OF COMMERCE Chapter I Introductory provisions 1 Court of Arbitration 1. The Court of Arbitration at the Polish Chamber of Commerce (the
More informationTHE BEGINNERS GUIDE TO IR35
TO CONTENTS Introduction - What is? Chapter 1 - Know your status Chapter 2 - The cost of non compliance Chapter 3 - Selecting your operating structure Chapter 4 - Investigations Using this guide You can
More informationACT ON PAYMENT SERVICES
492 ACT ON PAYMENT SERVICES The full text of Act No 492/2009 Coll. on payment services and on amendments to certain laws, as amended by Act No 130/2011 Coll., Act No 394/2011 Coll., Act No 520/2011 Coll.,
More informationUNIT TRUST INVESTMENT APPLICATION FORM Companies, Close Corporation and other legal entities
UNIT TRUST INVESTMENT APPLICATION FORM Companies, Close Corporation and other legal entities Namibia Unit Trust Managers Limited Registration Number: 96/308 All sections must be completed in full using
More informationLOGISTICS SERVICES CONDITIONS (LSC)
LOGISTICS SERVICES CONDITIONS (LSC) Zoetermeer, 1 February 2014 LOGISTICS SERVICES CONDITIONS (LSC) as filed by FENEX (Netherlands Association for Forwarding and Logistics) and TLN (Transport and logistics
More informationACT. [Long title substituted by s. 27 (1) of Act 33 of 2004.]
FINANCIAL INTELLIGENCE CENTRE ACT 38 OF 2001 [ASSENTED TO 28 NOVEMBER 2001] [DATE OF COMMENCEMENT: 1 FEBRUARY 2002] (Unless otherwise indicated) (English text signed by the President) as amended by Protection
More informationA glossary of abbreviated terms and acronyms used in the FAQs is at the end of this document.
Employee Benefit Trust (EBT), Settlement Opportunity Frequently asked questions (FAQs) August 2012 Introduction These FAQs are designed to help our customers consider how the terms of the EBT Settlement
More informationCode of Practice 9. HM Revenue & Customs investigations where we suspect tax fraud COP9 HMRC 06/14
Code of Practice 9 HM Revenue & Customs investigations where we suspect tax fraud COP9 HMRC 06/14 HM Revenue & Customs (HMRC) investigation of fraud statement The Commissioners of HMRC reserve complete
More informationSupported by. World Trademark Review. Anti-counterfeiting. Poland. Contributing firm Patpol Patent & Trademark Attorneys.
Supported by World Trademark Review Anti-counterfeiting 2012 Poland Contributing firm A Global Guide Poland Contributing firm Authors Jaromir Piwowar and Bartek Kochlewski Legal framework Rights holders
More informationGOOD PRACTICE GUIDELINES FOR INSURANCE INVESTIGATION
GOOD PRACTICE GUIDELINES FOR INSURANCE INVESTIGATION 28.6.2012 1 GOOD PRACTICE GUIDELINES FOR INSURANCE INVESTIGATION Table of contents 1 Purpose of insurance investigation... 2 2 Investigating staff...
More informationNOBLE TRUST COMPANY LTD. GENERAL TERMS OF BUSINESS. The following definitions and rules of interpretation shall apply:
NOBLE TRUST COMPANY LTD. GENERAL TERMS OF BUSINESS 1. Definitions and interpretation The following definitions and rules of interpretation shall apply: 1.1 Agent means any person appointed by a Client
More informationLAW ON FOREIGN EXCHANGE OPERATIONS
LAW ON FOREIGN EXCHANGE OPERATIONS This Law shall govern: (Consolidated) 1 I. BASIC PROVISIONS Article 1 1) payments, collections and transfers between residents and non-residents in foreign means of payment
More informationUPDATE TO ARTICLE 26 OF THE OECD MODEL TAX CONVENTION AND ITS COMMENTARY
UPDATE TO ARTICLE 26 OF THE OECD MODEL TAX CONVENTION AND ITS COMMENTARY Approved by the OECD Council on 17 July 2012 UPDATE TO ARTICLE 26 OF THE OECD MODEL TAX CONVENTION AND ITS COMMENTARY Approved by
More informationName of the firm Trade and tax. Address Deken van Baarsstraat 8-A. Remon Kums remon.kums@tradeandtax.com Tel. No.
THE NETHERLANDS Name of the firm Trade and tax Address Deken van Baarsstraat 8-A P.O. Box 2015 6020 AA Budel Contact Remon Kums remon.kums@tradeandtax.com Tel. No. +31 (0)495 700210 Tax advisor www.tradeandtax.com
More informationILM Factsheet Money laundering regulations
Prepared for ILM by Wilsons In 2002 the IMF estimated that 157 billion was being laundered through the UK economy. In 2003 HM Customs and Excise estimated that the proceeds of crime generated in the UK
More informationCircular # 3531 INVESTOR S PROTECTION CODE. Buenos Aires. April 16, 2009. Dear Stock Brokers and Brokerage Firms,
Dear Stock Brokers and Brokerage Firms, Circular # 3531 INVESTOR S PROTECTION CODE Buenos Aires. April 16, 2009 This is to inform you that on April 15, 2009 the Board of Directors of The Buenos Aires Securities
More informationLa lettre PANDORA S BOX REVISING THE TAX LAWS THE AFFAIR OF THE DVD STOLEN FROM THE SUBSIDIARY OF A LIECHTENSTEIN BANK, THEN BOUGHT
M AY 2008 La lettre G E N E V A P R I V A T E B A N K E R S A S S O C I A T I O N REVISING THE TAX LAWS PANDORA S BOX Xavier Oberson, Lawyer and Professor of Law at Geneva University THE AFFAIR OF THE
More informationCHAPTER 1. GENERAL PROVISIONS
UNOFFICIAL TRANSLATION Adopted on 22.12.2010 LAW OF THE REPUBLIC OF ARMENIA ON FUNDED PENSIONS CHAPTER 1. GENERAL PROVISIONS The purpose of this Law is to establish opportunities for receiving pension
More informationLEGAL SCHEME REGULATIONS
LEGAL SCHEME REGULATIONS These Regulations came into force on 1 July 2014. 1 Introduction 1.1 These Regulations govern the Union s legal Scheme. The Rules of the Union set out your other rights and entitlements.
More informationInvestment & Transaction Accounts
Bankwest Investment & Transaction Accounts Terms and Conditions 25 May 2015 making banking easier Terms and Conditions These Terms and Conditions apply to all Investment and Transaction Accounts with us
More informationLAW FOR THE ELECTRONIC DOCUMENT AND ELECTRONIC SIGNATURE. Chapter two. ELECTRONIC DOCUMENT AND ELECTRONIC SIGNATURE
LAW FOR THE ELECTRONIC DOCUMENT AND ELECTRONIC SIGNATURE Prom. SG. 34/6 Apr 2001, amend. SG. 112/29 Dec 2001, amend. SG. 30/11 Apr 2006, amend. SG. 34/25 Apr 2006, amend. SG. 38/11 May 2007 Chapter one.
More informationGENERAL TERMS AND CONDITIONS (version 3.0)
GENERAL TERMS AND CONDITIONS (version 3.0) OF: The private company with limited liability Global Data Collection Company BV, with its registered office in Rotterdam, and having its principal place of business
More informationA DISTURBING TREND: APPLYING FALSE CLAIMS ACTS TO TAX MATTERS
CD_OCT14aaa.indd 1 26/9/14 11:45:26 A DISTURBING TREND: APPLYING FALSE CLAIMS ACTS TO TAX MATTERS REPRINTED FROM: CORPORATE DISPUTES MAGAZINE OCT-DEC 2014 ISSUE corporate CDdisputes Visit the website to
More informationANTI-MONEY LAUNDERING AND COUNTER-TERRORIST FINANCING POLICY STATEMENT 2014-2015
ANTI-MONEY LAUNDERING AND COUNTER-TERRORIST FINANCING POLICY STATEMENT 2014-2015 This document sets out the policy of Pendragon PLC ( the Company ) with a view to the prevention of opportunities for money
More informationOffer in Compromise. Basic Information Concerning. A publication of the Louisiana Department of Revenue P.O. Box 201, Baton Rouge, LA 70821-0201
Basic Information Concerning Offer in Compromise A publication of the Louisiana Department of Revenue P.O. Box 201, Baton Rouge, LA 70821-0201 August 2004 R-20211 This public document was published at
More informationSAMPLE. Professional Indemnity Insurance (PII) Policy 2015/16. lawcover.com.au Page 1
Professional Indemnity Insurance (PII) Policy 2015/16 Lawcover Insurance Pty Limited ABN 15 095 082 509 Level 13, 383 Kent Street Sydney NSW 2000 DX 13013 Sydney Market Street Telephone: 1800 650 748 (02)
More informationCyprus International Trusts
Cyprus International Trusts Cyprus International Trusts qualification criteria The International Trusts Law of 1992 complements the Trustee Law which is based on the English Trustee Act 1925. Under section
More informationGreece New Tax Laws Aim to Raise More Revenue. Law No. 4110. In This Issue: March 4, 2013 2013-041
flash International Executive Alert A Publication for Global Mobility and Tax Professionals by KPMG s International Executive Services Practice Greece New Tax Laws Aim to Raise More Revenue by Georgia
More informationIRS Administrative Appeals Process Procedures
IRS Administrative Appeals Process Procedures Charles P. Rettig Avoiding litigation is often the best choice for a client. The Administrative Appeals process can make it happen. Charles P. Rettig, a partner
More informationLawyers and Conveyancers Act (Trust Account) Regulations 2008
Lawyers and Conveyancers Act (Trust Account) Regulations 2008 Rt Hon Dame Sian Elias, Administrator of the Government Order in Council At Wellington this 30th day of June 2008 Present: Her Excellency the
More informationPrivacy in the cloud. DNB has indicated that it considers cloud computing a form of outsourcing.
Privacy in the cloud computing, and the company concerned is required to submit a risk analysis to DNB. 3 Cloud computing entails the saving, processing and using of company data on the servers of a cloud
More informationTERMS AND CONDITIONS OF CASH TRANSACTIONS IN DOMESTIC TRANSACTIONS AT PKO BP SA BANK
TERMS AND CONDITIONS OF CASH TRANSACTIONS IN DOMESTIC TRANSACTIONS AT PKO BP SA BANK TABLE OF CONTENTS Section 1... 1 GENERAL PROVISIONS... 1 I. Acceptance and execution of the payment order by the Bank...
More informationException: If the player is already in possession of a FIBA Identity Card, the card number should be indicated on the list.
Exception: If the player is already in possession of a FIBA Identity Card, the card number should be indicated on the list. H.4.4 Responsibility of national member federations H.4.4.1 H.4.4.2 H.4.4.3 H.4.4.4
More informationTEXT OF THE REVISED EXPLANATORY REPORT TO THE CONVENTION ON MUTUAL ADMINISTRATIVE ASSISTANCE IN TAX MATTERS AS AMENDED BY PROTOCOL
TEXT OF THE REVISED EXPLANATORY REPORT TO THE CONVENTION ON MUTUAL ADMINISTRATIVE ASSISTANCE IN TAX MATTERS AS AMENDED BY PROTOCOL The Convention on Mutual Administrative Assistance in Tax Matters is the
More informationAn overview of current tax reforms in Colombia. A TMF Group briefing. Juan Carlos Alvarez Regional Managing Director
An overview of current tax reforms in Colombia A TMF Group briefing Juan Carlos Alvarez Regional Managing Director Since January 2015 companies operating in Colombia have been challenged to a new tax reform.
More informationImplementation of the new FATF Recommendations in Switzerland
We master many terrains May 2015 Implementation of the new FATF Recommendations in Switzerland Qualified tax crimes as new predicate offence / Consequences for financial intermediaries Background and FATF
More informationCOUNCIL TAX REDUCTION, DISCOUNT & EXEMPTION ANTI- FRAUD POLICY
COUNCIL TAX REDUCTION, DISCOUNT & EXEMPTION ANTI- FRAUD POLICY December 2014 1 Contents Section Page Council Tax Reduction, Discount & Exemption Anti-Fraud Policy 1 Introduction 3 2 Definition of Council
More information