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Tax Relief, Amnesty In Saint Vincent's New Budget

The new Budget of Caribbean territory Saint Vincent and the Grenadines includes company and income tax cuts and a three-month tax amnesty. The standard rate of company tax is to be reduced by 2.5 percent to 30 percent. This reduction is matched by a reduction in the marginal rate of…
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Seychelles, Mauritius Discuss Offshore Financial Services

A Government delegation from the Seychelles visited Mauritius recently to discuss how they can work together for the benefit of their international finance centers. The Seychelles Investment Board said: "The capacity building and knowledge exchange visit forms part of the country's efforts to improve the overall ease of doing business…
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Jersey Investment Business Fees To Rise

Jersey regulator, the Jersey Financial Services Commission, is proposing a 3.6 percent inflation rate increase in investment business fees (including application fees) for 2018/19. Investment employee fee bands will remain the same as in past years. Although fees are increasing by only the inflation rate, the Commission has clarified that…
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Jersey Aligns Law With EU's Data Protection Regulation

Jersey has registered new data protection legislation, which brings the island's law into line with the EU's General Data Protection Regulation. The Data Protection (Jersey) Law 2018 and Data Protection (Authority) Jersey Law 2018 strengthen individuals' rights and enable island businesses to continue accessing international markets. The new laws take…
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IoM Delays Planned Soft Drinks Levy

The Isle of Man has delayed the planned introduction of a soft drinks industry levy by one year to April 1, 2019. The delay has been attributed to difficulties and the cost of introducing a standalone soft drinks levy, for both government and businesses. The delay is also due to…
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