Tax & Regulation
Best Practice | 4 Jan 18
UAE advisers taking cautious approach to VAT
Financial advisory firms operating in the UAE say while they still have questions about how the government’s new Value Added Tax (VAT) impacts the financial sector, it is better to be safe than sorry and assume it applicable to the services they provide.
UAE predicts $3.3bn boost in first year of VAT
Saudi Arabia and the United Arab Emirates introduced a Value Added Tax (VAT) levy for the first time on 1 January, which is expected to produce an income of $3.3 billion for the UAE government in just one year.
Best Practice | 2 Jan 18
Swiss advisers on life after Fatca
Five years after the US introduced stringent regulations that required foreign financial institutions to report the assets of US-domiciled clients, Swiss IFAs tell International Adviser the move has created greater specialisation across the industry and is still having an impact.
IDD to be pushed back 7 months
The European Commission is to push back the Insurance Distribution Directive (IDD) by seven months to 1 October 2018.
Tax & Regulation | 2 Jan 18
Celebs lose film scheme tax plea
Celebrities including Premiership footballers embroiled in the failed Ingenious Film scheme have lost their tax relief appeal with HM Revenue and Customs.