Micro News

Apparently, the requirement to put together a Beneficiary Register will be imposed on all jurisdictions that have endorsed the automatic exchange of information. The request was announced during the latest ACRA conference as a part of the new regulations for service-providers in the sphere of offshore…


During a conference last week, representatives of ACRA (the public authority in charge of company registering) announced that Singapore would spare no effort to avoid being listed as a tax haven. This means the compliance requirements to service providers will become more rigorous, and the implementation…


Back in 2016, the Singapore IRAS has announced the introduction of territorial taxation has nothing to do with tax evasion. Pursuant to Article 10(1) of the agreement, Singapore imposes taxes only on the profit definitely or presumably gained inside Singapore. Unfortunately, unlike Hong Kong, which…


The negotiating parties have come a bit closer in their stance, but it turned out to be impossible to overcome all the points of dispute. The talks were arduous and slow, the media announced. What is the current status? The most disputable and extensive is the security issue. Turkey won’t yield on intervention…


How to define tax residency?

The following criteria should be applied to define tax residency: For private persons, tax residency is defined by living in a particular country for a period over 183 days annually. A decisive factor for incorporated companies is the main location of management and general control. Partnerships’…



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