12:31 | Lima, Jan. 8. Peru has recently received information on more than 4,000 bank accounts held by 3,300 Peruvian citizens in Belgium and Cayman Islands, which show a balance of over US$3.5 billion, as part of a reciprocal exchange of financial information, Sunat s National Intendant for Strategies and Risks Palmer De La Cruz revealed on Friday.
Remarks were made during his presentation before the Congressional Economic Commission to speak about the benefits of recent regulations issued by the National Superintendence of Customs and Tax Administration (Sunat) on fiscal transparency.
De La Cruz explained that the exchange of information is part of the international commitments assumed by Peru on its quest to join the Organisation for Economic Co-operation and Development (OECD).
12:31 | Lima, Jan. 8. Peru has recently received information on more than 4,000 bank accounts held by 3,300 Peruvian citizens in Belgium and Cayman Islands, which show a balance of over US$3.5 billion, as part of a reciprocal exchange of financial information, Sunat s National Intendant for Strategies and Risks Palmer De La Cruz revealed on Friday.
Remarks were made during his presentation before the Congressional Economic Commission to speak about the benefits of recent regulations issued by the National Superintendence of Customs and Tax Administration (Sunat) on fiscal transparency.
De La Cruz explained that the exchange of information is part of the international commitments assumed by Peru on its quest to join the Organisation for Economic Co-operation and Development (OECD).
Three strategic directions for the Fiscal Code in 2021
Mihai Cristea 07/01/2021 | 17:31
The new form of the Fiscal Code, which entered into force on 1 January 2021, adapts Romania to the new reality by eliminating discrimination, making fiscal compliance easier and aligning Romanian legislation with international standards in the context of the globalized economy.
“The pandemic has highlighted weaknesses in each area, and the fiscal framework is essential for a large majority of them. The recent changes made to legislation are, to a large extent, beneficial and necessary, all the more so at a time of instability in society and deep transformation of business. A predictable legal framework remains the crucial goal for any business strategy, but we maintain confidence in the ability of entrepreneurs to adapt through innovation, technology and resilience to the challenges of this new reality,” said
by Marlon Madden
The year 2020 started out on a high for many businesses in Barbados, with soaring expectations and plans for several projects.
Despite starting the year with an economic decline, Government was also optimistic about several key development projects getting started, and favourable economic growth.
Then came the novel Coronavirus (COVID-19) pandemic, and expectations were immediately lowered, hopes dashed and new plans emerged.
Shortly after the pandemic started affecting the island, rising debt and overall decline in the economy quickly became the order of the day as the Government was forced to borrow more and spend more to implement several social protection programmes and business support schemes, even as revenues declined.
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