Hashtag: #TaxAgreements
Bermuda Signs TIEA With Czech Republic
Yesterday [Aug.15] Bermuda signed a Tax Information Exchange Agreement [TIEA] with the Czech Republic, which provides for a full exchange of information on civil and criminal tax matters between the two countries. Pictured below on the steps of Camden are Premier Paula Cox and Ladislav Minčič, 1st Deputy Minister of the Czech Republic. The Premier’s... Read more of this article
Bermuda Signs TIEA With Indonesia
Earlier today [June 22] Premier Cox signed a Tax Information Exchange Agreement [TIEA] with the the Republic of Indonesia, marking Bermuda’s 25th TIEA with the Republic of Indonesia. Pictured below: Premier Paula Cox and the Ambassador of the Republic of Indonesia for the UK and Northern Ireland, His Excellency Yuri Octavian Thamrin sign the TIEA: Premier... Read more of this article
July 1: TIEA With Canada To Go Into Effect
Bermuda’s TIEA with Canada, signed last year, goes into full force on 1 July 2011. Premier and Minister of Finance Paula Cox said, “The Canadian delegation attending the Global Forum for Transparency and Exchange of Information for Tax Purposes here in Bermuda has delivered this very welcome news of the Canada-Bermuda TIEA entering into... Read more of this article
OECD Conference To Be Held in Bermuda
Premier and Minister of Finance Paula Cox announced today [Feb 27] that the OECD has officially issued its broadcast email to the Worlds financial center jurisdictions, the full membership of the OECD Global Forum of approximately 97 countries, inviting them to Bermuda for the May 31st to June 1st event. Premier Cox commenting on the development said:... Read more of this article
Change in Mexico’s Tax to Benefit Insurers
The Premier and Minister of Finance Paula Cox announced today [Feb 6] that arising out of the bilateral Agreement on Exchange of Information with respect to taxes [TIEA] between the United Mexican States and Bermuda a modification has been made to Mexico’s tax law that lowers the withholding tax rate to Bermuda entities, especially to Bermuda captive... Read more of this article
Czech Officials on Island for TIEA Talks
The Premier and Minister of Finance Paula Cox announced today [Feb 1] that Bermuda and the Czech Republic treaty negotiating teams met this week in Bermuda to complete negotiations on the text of a bilateral agreement on Exchange of Information on tax matters [TIEA]. The text of the TIEA now has to be approved by the respective Ministers of Finance... Read more of this article
India Cites Bermuda Treaty in Tax Crackdown
India’s beleagured government defended itself today [Jan. 25] against charges it was allowing hundreds of billions of dollars to be siphoned from the economy into off-shore bank accounts — citing its recent agreement with Bermuda as an example of its intent to crack down on tax evasion and avoidance. Days after India’s Supreme Court... Read more of this article
Tax Exemption Extension “A Positive Step”
Government’s pledge to extend by 29 years tax benefits granted to overseas firms operating in Bermuda which have been classified as exempted undertakings is being welcomed by international hedge fund operators. The global industry journal ”Hedge Week” today (Dec. 24) highlighted the Government promise, announced in November’s... Read more of this article
Tax Agreement Signed With China
Bermuda signed a bilateral agreement with the People’s Republic of China that provides for a full exchange of information on tax matters between the two countries. The signing of the Tax Information Exchange Agreement (TIEA) took place at a ceremony at Camden the Premier’s official location for signing a number of recent TIEAs. The TIEA was... Read more of this article
Bermuda To Sign TIEA With China
Tomorrow, the Premier and Minister of Finance Paula Cox will sign a Tax Information Exchange Agreement (TIEA) with the Peoples Republic of China. This will be the third such treaty signed in Bermuda, after TIEAs with Canada and Portugal were signed earlier this year. To date Bermuda has signed a total of 23 Agreements (22 TIEAs and one Double Taxation... Read more of this article
Premier & Minister In India: Sign Tax Agreement
Bermuda today [Oct 7] signed a Tax Information Exchange Agreement (TIEA) with India. The signing of the agreement took place at a ceremony at Ministry of Finance in New Delhi, India and was attended by Premier Dr Ewart Brown and Minister of State for Finance, Mr. S.S. Palanimanickam, who signed the agreement for India. Also in attendance was the Minister... Read more of this article
Gov Mulls Waiving Payroll Tax For Restaurants
In a meeting held earlier this week, delegates of the Restaurant Division of the Bermuda Chamber of Commerce met with senior Ministry officers to follow up on concerns about the “tremendous financial challenges” that the Restaurant Division finds themselves under. Minister of Finance Paula Cox said the Government is considering signing a Memorandum... Read more of this article
