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Luxembourg Replaces Tax Treaty Benefits and UCI Residency Certificates Circular

Requests for tax residency certificates for RAIFs are to be requested either by the RAIF itself or its depositary.

Baker Tilly Expands Mid-Atlantic Presence with Acquisition of Hayflich CPAs

This acquisition strengthens Baker Tilly’s presence in the Mid-Atlantic region and enhances its ability to deliver tailored solutions to businesses and individuals.

Global Perspectives

Global Tax Update

Court of Appeal provides helpful guidance in first statutory UK tax residence decision

In this case, the taxpayer needed to spend no more than45 days in the UK during the year in order to remain non-UK resident.

UK interpretation of tax treaties clarified by Supreme Court

At the heart of the case was how the double tax treaty agreed between the UK and Canada should be applied.

Belgium to reduce assessment periods and fight tax litigation backlog with unprecedented measures

The first one is the creation of a(n) optional tax arbitration system.

Recent developments in the attitude of the Jersey courts to onshore tax

No tax liability was currently due but would arise in the future, and debate arose as to whether HMRC ought to be notified.

The hopes and fears driving global mobility in 2025

One group of people who are keenly interested in tax rates are the tens of thousands of non-domiciled residents of the UK

Tax reforms to encourage investments in Luxembourg

The corporate income tax rate has been reduced from 15% to 14% for companies with taxable income below €175,000

UK tipped to follow EU and Australia on public country-by-country tax reporting

Australian ministers have the power to specify certain jurisdictions

Luxembourg tax: what's new in 2025?

The global ordinary rate lowers from 24.94% to 23.87% for companies based in Luxembourg City.

House Speaker Plans Vote on Taiwan Double Taxation Relief Bill

The four corners agree the Taiwan tax bill should become law

Jersey and the Global Minimum Tax – the OECD Pillar Two Rules

The laws should be kept under review and advice confirming the application should be sought.

Ireland’s latest Finance Act provides tax clarity for multinationals

Ireland transposed the EU Minimum Tax Directive, which was based on the Pillar Two GloBE rules, into its domestic laws in 2023,

Tax rises for Charities in the UK following the October Budget Announcement

The uplift comes amidst other pressures facing the charities sector, including a 6.7% rise in the national living wage effective from 1 April 2025.

Setting up a UK subsidiary: key tax considerations

Companies must self assess their corporation tax liability.

Court of Appeal decision highlights complexities in group litigation orders

The Court of Appeal was tasked with considering three preliminary issues that had been previously addressed by the High Court in 2023.

Destination UK: Tax regime for new residents from 6 April 2025

From 6 April 2025, the concept of 'domicile' will largely cease to be relevant for tax purposes.

Guernsey Adopts OECD's Global Minimum Tax Rate of 15%

This 15% minimum rate is achieved through jurisdictions enacting the OECD's Global Anti-Base Erosion (GloBE) Rules.

Principal Procedural Obligations of a Taxpayer in The Bahamas

The key regulators in the Bahamian tax system are the DIR and the Department of Customs.