03/10/2016

Tax authorities' amnesty schemes have failed miserably

The scheme attracted over 4.75 lakh declarations of which 3.09 lakh pertained to jewellery and other movable chattels. VDIS of 1997 allowed 'declarants' to disclose their possession at back­dated values.

03/03/2016

New tax chief to target the rich

He reasoned that only 27 million people payed taxes out of 129 million people categorized as middle and upper class

03/03/2016

NZ Endeavour agrees Qrops deal with Malta's Elmo

New Zealand pension firm NZ Endeavour Trustees has agreed terms with Malta-based Elmo Pensions to facilitate a partial or full transfer of pension assets between two of their respective Qrops funds.

03/01/2016

BIR urged to focus on the 'big guys'

The LTS, which groups 2,320 corporations as of last year, is the BIR office in charge of collecting and monitoring taxes from the country's biggest corporations based on different criteria.