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
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)
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
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
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)
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
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
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
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
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