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Repeal of the Bermuda tax reform as the general service tax got denied

...ad extensive plans regarding the **tax reform**, a lot has changed since then. Previously, we informed our readers about the implementation of a general service tax, however, it is dismissed from now on. The 2018\19 pre-budget report declares **tax amnesty** in controversy to the old plans. This amnesty will consist of a cancellation of late-payment penalties for business. Companies, whose bu...

Path: Blog
Saint Vincent and the Grenadines’ budget: tax relief and amnesty

The **tax amnesty** season has already started and today we have important news for the residents of **St. Vincent and the Grenadines**. This territory revealed the latest budget with **good news for taxpayers**. It refers to both, private individuals and companies. Legal entities will have company **tax reduced by 2.5%**. Also, the hotel owners will have to pay **1% less income tax**. These a...

Path: Blog