Expat News Tagged 'offshore pensions'

Cyprus QROPS Struck From HMRC Approved List

Cyprus QROPS Struck From HMRC Approved List

By ExpatBriefing.com Editorial, 20 August, 2012

The UK tax authority, HM Revenue and Customs has removed all Qualifying Recognised Overseas Pension Schemes based in Cyprus from its approved schemes list, effectively blocking the territory from being able to admit new pension transfers on a tax-free basis from would-be UK expatriates. Read full story »

Tags: expatriates | tax | pensions | offshore pensions | law | retirement | international financial centres (IFC) | United Kingdom | tax authority | offshore | Qualifying Recognised Overseas Pension Schemes (QROPS) | Cyprus

 

Guernsey Aims To Revive QROPS Business

Guernsey Aims To Revive QROPS Business

By ExpatBriefing.com Editorial, 12 July, 2012

The Guernsey government has announced that it will revise its Section 157E pension scheme structure in an effort to have it recognized by the UK tax authority as a Qualifying Recognized Overseas Pension Scheme that can accept both resident and non-resident taxpayers. Read full story »

Tags: expatriates | tax | investment | pensions | offshore pensions | retirement | international financial centres (IFC) | Guernsey | United Kingdom | tax authority | offshore | asset protection | Qualifying Recognised Overseas Pension Schemes (QROPS) | HM Revenue and Customs (HMRC) | HM Revenue and Customs (HMRC)

 

IRS Announces Efforts To 'Help' US Taxpayers Overseas

IRS Announces Efforts To 'Help' US Taxpayers Overseas

By ExpatBriefing.com Editorial, 29 June, 2012

The United States Internal Revenue Service has announced a plan to help US citizens residing overseas catch up with tax filing obligations, and also provide assistance for people with foreign retirement plan issues. Read full story »

Tags: individuals | expatriates | compliance | tax | investment | pensions | offshore pensions | law | retirement | Internal Revenue Service (IRS) | enforcement | offshore | Canada | United States | penalties | individual income tax

 

Guernsey To Amend Record-Keeping Requirements

Guernsey To Amend Record-Keeping Requirements

By ExpatBriefing.com Editorial, 27 June, 2012

The Income Tax (Keeping of Records, etc) (Amendment) Regulations, 2012, are expected to be adopted soon, introducing new tax record retention rules in Guernsey from July 1, 2012. Read full story »

Tags: expatriates | tax | investment | business | pensions | real-estate investment | offshore pensions | real-estate | employees | trusts | Guernsey | offshore | offshore trusts | individual income tax

 

Guernsey Receives UK Clarification On QROPS Rules

Guernsey Receives UK Clarification On QROPS Rules

By ExpatBriefing.com Editorial, 14 June, 2012

The UK tax authority, HM Revenue and Customs, has clarified the rules that Guernsey and other overseas pension schemes must follow in order to be reinstated with Qualifying Recognised Overseas Pension Scheme status following a significant, ill-understood rule change in April. Read full story »

Tags: expatriates | Isle of Man | tax | pensions | offshore pensions | law | employees | retirement | international financial centres (IFC) | Guernsey | Jersey | tax authority | offshore | Qualifying Recognised Overseas Pension Schemes (QROPS) | HM Revenue and Customs (HMRC) | HM Revenue and Customs (HMRC)

 

Dutch Pension Tax Rules Breaching EU Law

Dutch Pension Tax Rules Breaching EU Law

By ExpatBriefing.com Editorial, 04 June, 2012

The European Commission has sent a formal request to the Netherlands to remove restrictions in place on allowances for elderly taxpayers that have redomiciled to retire in another European Union member state. Read full story »

Tags: expatriates | tax | pensions | offshore pensions | Netherlands | law | retirement | offshore | legislation | individual income tax

 

Accountants Urge IRS To Simplify Foreign Pension Reporting

Accountants Urge IRS To Simplify Foreign Pension Reporting

By ExpatBriefing.com Editorial, 24 May, 2012

The New York State Society of Certified Public Accountants is calling on the US Internal Revenue Service to provide a simplified method of electing deferral of US taxation on Canadian pension plans, and is requesting additional guidance on the taxation of foreign retirement and pension plans due to consumer confusion over the filing procedures required by such programs. Read full story »

Tags: expatriates | tax | pensions | offshore pensions | law | financial services | retirement | Internal Revenue Service (IRS) | offshore | legislation | Canada | United States | individual income tax | services

 

Ireland, US In Talks Over FATCA

Ireland, US In Talks Over FATCA

By ExpatBriefing.com Editorial, 01 May, 2012

Ireland and the United States are in talks to establish a common approach to the Foreign Account Tax Compliance Act, drawing on domestic and international tax legislation and treaties. Read full story »

Tags: individuals | expatriates | compliance | tax | investment | business | pensions | offshore pensions | tax compliance | Ireland | tax avoidance | law | banking | trusts | Internal Revenue Service (IRS) | offshore | agreements | legislation | offshore banking | offshore trusts | tax planning | United States

 

IoM 50C Pension Scheme Falls Foul Of New QROPS Rules

IoM 50C Pension Scheme Falls Foul Of New QROPS Rules

By ExpatBriefing.com Editorial, 16 April, 2012

The Isle of Man government has responded to the recent update to UK rules regarding Qualifying Recognised Overseas Pension Scheme, which now excludes transfers to structures under Section 50C of the Income Tax Act 1970, known as 50C pension schemes. Read full story »

Tags: expatriates | Isle of Man | tax | investment | business | pensions | offshore pensions | tax avoidance | international financial centres (IFC) | tax authority | offshore | asset protection

 

Guernsey Wealth Management Promoted In India

Guernsey Wealth Management Promoted In India

By ExpatBriefing.com Editorial, 23 March, 2012

Guernsey's offerings as a wealth management domicile were promoted at the India Wealth Forum, held recently in Delhi and attended by Guernsey wealth management firm Nerine Group of Fiduciaries. Read full story »

Tags: expatriates | inheritance tax | tax | pensions | offshore pensions | India | banking | financial services | trusts | international financial centres (IFC) | Guernsey | offshore | offshore banking | asset protection | offshore trusts | services

 

 




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