Not the last challenge from EU
Article by February 26, 2021
Although rejoicing that Barbados has been removed from the European Union’s (EU) so-called blacklist, Minister of International Business and Industry Ronald Toppin remains sceptical of the political and economic bloc, saying he sees a rough road ahead due to expected continued shifts in goal posts.
At the same time, one of Barbados’ lead tax negotiators is predicting that the island could come up against taxation and sanctions on the quickly growing digital economy.
Speaking on Thursday at the annual tax update seminar hosted by the Institute of Chartered Accountants of Barbados (ICAB), Toppin said he remained optimistic the country would be able to overcome future obstacles relating to tax compliance.
Uganda commits to start automatic exchange of financial account information by 2023
Exchange of information
17/02/2021 – Uganda has committed to implement the international Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) by 2023. The commitment made by the Minister of Finance, Planning and Economic Development, the honorable Matia Kasaija, makes Uganda the 116
Maria José Garde, Chair of the Global Forum, said “I am delighted to welcome Uganda’s commitment to the AEOI Standard. As for the 115 other committed jurisdictions, the Global Forum will monitor Uganda’s progress in delivering its commitment to start exchanging automatically by September 2023 and updates will be provided to our members and the G20. The Global Forum Secretariat will assist Uganda in implementing the Standard and in addressing any challenges that may arise”.
Uganda commits to start automatic exchange of financial account information by 2023
Exchange of information
17/02/2021 – Uganda has committed to implement the international Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) by 2023. The commitment made by the Minister of Finance, Planning and Economic Development, the honorable Matia Kasaija, makes Uganda the 116
Maria José Garde, Chair of the Global Forum, said “I am delighted to welcome Uganda’s commitment to the AEOI Standard. As for the 115 other committed jurisdictions, the Global Forum will monitor Uganda’s progress in delivering its commitment to start exchanging automatically by September 2023 and updates will be provided to our members and the G20. The Global Forum Secretariat will assist Uganda in implementing the Standard and in addressing any challenges that may arise”.
New report highlights successful delivery of Global Forum Secretariat’s capacity-building activities during challenging year
17/02/2021 – The
2021 Global Forum capacity building report published today sets out the large amount of support activities conducted by the Global Forum. Despite challenging conditions, the Global Forum Secretariat ensured the continuity of its capacity-building programme in 2020, while increasing its support to jurisdictions. Key deliverables included:
70 jurisdictions benefitted from technical assistance
4 200 officials from 155 jurisdictions and 9 international organisations were trained through 26 events, 23 of which were held virtually
3 400 officials took the e-learning courses developed by the Global Forum, including the new modules on beneficial ownership and on exchange of information on request released in 2020
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