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The agreement has been signed since July 2014 and negotiations have been underway since then. After approval procedures were completed in both South Korea and Hong Kong, the tax agreement came into effect from the 27th of September 2016. It will now officially be in force in Hong Kong for any taxation…


The agreement has been signed since July 2014 and negotiations have been underway since then. After approval procedures were completed in both South Korea and Hong Kong, the tax agreement came into effect from the 27th of September 2016. It will now officially be in force in Hong Kong for any taxation…


Hong Kong - South Korea tax agreement in effect

The agreement has been signed since July 2014 and negotiations have been underway since then. After approval procedures were completed in both South Korea and Hong Kong, the tax agreement came into effect from the 27th of September 2016. It will now officially be in force in Hong Kong for any taxation…


In 2017 the UK government is planning non-domiciled tax changes and many people may now have to reconsider their options. The majority of lawyers and trust experts are planning to limit their holidays because of upcoming changes in tax rules for wealthy foreigners in 2017. In April 2017 thousands of…


Singapore significantly improves AML & terrorist financing measures

The FATF have recently conducted an assessment of Singapore’s AML/CTF (anti-money laundering and counter-terrorist financing) regulations. The valuation concludes a comprehensive evaluation & assessment of the efficiency of Singapore’s current system and ensures the islands level of compliance is in…


Mr Shri Arun Jaitley, India's Finance Minister has stated that the Indian Government is currently working towards a target deadline of April 1st 2017 for the effective implementation of Goods and Services Tax (GST). The Finance Minister stated that the introduction should be fully established by the…


The 2016 Small Business Conferences were held in London & Nottingham last week, and a small snippet of highlights regarding SMEs have been released by the AIA. The outcome of the 2016 SME highlights have shown very little changes from 2016 even though the UK Government announced a number of SME-friendly…


Stamp Duty Land Tax "barrier to property business growth"

Both residential & commercial property valuations in the UK are set to stay constant or drop over the next 6 months, in spite of the relatively long-term situation of demand surpassing supply, a UK Finance Minister has reported. Out of the 84 surveyed property businesses, 55% felt that Stamp Duty Land…


Plans for budget surplus in 2020 abandoned

Philip Hammond, the new Chancellor of the Exchequer has stated that the fiscal policies in the UK that were outlined by George Osborne were correct for that time in the UK. However, they had to be changed as there will no longer have a surplus target at the end of this parliamentary period.