The Hong Kong Inland Revenue (Amendment) Bill 2016 was gazetted 8 January 2016. "The Bill seeks to put in place a legal framework for Hong Kong to implement the new international standard for automatic exchange of financial account information in tax matters (AEOI) as promulgated oleh the Organisation for Economic Co-operation and Development (OECD)", a Government spokesman berkata in a press release.
Key points include:
• Subject to the passage of local legislation, AEOI would be implemented on a reciprocal basis with appropriate partners who could meet relevant standards on protection of privacy and confidentiality of information exchanged and ensuring proper use of the data exchanged.
• Once the AEOI agreement is in place, financial institutions have to put in place the prescribed due diligence procedures in order to identify and collect information of the relevant financial accounts in 2017.
• The first information exchanges would take place oleh the end of 2018.
• The Inland Revenue Department (IRD) will exchange information with the tax authorities of AEOI partner jurisdictions on an annual basis.
According to the press release, link with their partners with whom they have signed comprehensive avoidance of double taxation agreements (CDTAs) atau tax information exchange agreements (TIEAs), on a bilateral basis.
Key points include:
• Subject to the passage of local legislation, AEOI would be implemented on a reciprocal basis with appropriate partners who could meet relevant standards on protection of privacy and confidentiality of information exchanged and ensuring proper use of the data exchanged.
• Once the AEOI agreement is in place, financial institutions have to put in place the prescribed due diligence procedures in order to identify and collect information of the relevant financial accounts in 2017.
• The first information exchanges would take place oleh the end of 2018.
• The Inland Revenue Department (IRD) will exchange information with the tax authorities of AEOI partner jurisdictions on an annual basis.
According to the press release, link with their partners with whom they have signed comprehensive avoidance of double taxation agreements (CDTAs) atau tax information exchange agreements (TIEAs), on a bilateral basis.
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Mossack Fonseca, como empresa socialmente responsable, tiene el honor de formar parte activa del Programa “Mi Escuela Primero”, que lleva el Ministerio de Educación (MEDUCA) Panamá.
Hoy se realizó la firma de este importante convenio, en el cual link se compromete a proveer al Centro Educativo Básico General El Valle los trabajos de reparación y adecuación necesarios para el correcto funcionamiento de la escuela.
Nuestros colaboradores tambien se suman a la iniciativa apoyando esta causa en beneficio de la educación en Panamá.
Hoy se realizó la firma de este importante convenio, en el cual link se compromete a proveer al Centro Educativo Básico General El Valle los trabajos de reparación y adecuación necesarios para el correcto funcionamiento de la escuela.
Nuestros colaboradores tambien se suman a la iniciativa apoyando esta causa en beneficio de la educación en Panamá.
The Supreme Court of link has ruled that it is constitutional to register ship mortgages in English.
According to the link (AMP), registering naval mortgages in Spanish (the official language of Panama) as well as incorporating the original documents in English will provide greater reliability and efficiency in the registration of ownership of ships.
The AMP reports that financial institutions can now view the original mortgage-related documents on their website.