Tax Insights: Government targets tax planning using private corporations
07 Dec

Tax Insights: Government targets tax planning using private corporations

In brief Legislative proposals and a consultation paper issued on July 18, 2017, target three tax planning strategies that, in the government’s view, use private corporations to gain unfair tax advantages for high-income individuals. The releases result from the government’s commitment, as stated in its March 22, 2017 budget, to review this area and propose…

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VAT returns
29 May

VAT returns

Overseas visitors not established in the European Union can reclaim VAT on goods bought and exported from the European Union (EU), including UK, if they comply with the requirements in the following article. Who qualifies for a VAT refund? Overseas visitors, not established in the EU, if: The domicile or habitual place of residence of…

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Exchange of information and voluntary disclosure(UK)
26 May

Exchange of information and voluntary disclosure(UK)

From 2016 58 counties have signed up to automatically exchange information about assets and income to other relevant authorities such as HMRC and from 2017 a further 35 countries will join the club. This will impact on: UK residents with undisclosed assets overseas UK residents with complex structures in place involving overseas assets as these…

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Travellers – Paying duty and taxes
25 Apr

Travellers – Paying duty and taxes

Duty and Taxes What are duty and taxes? Duty is a tariff payable on a good imported to Canada. Rates of Duty are established by the Department of Finance Canada and can vary significantly from one trade agreement to another. No duty is payable on goods imported for personal use, if it is marked as…

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