EY holds forum on Kuwait tax landscape
KUWAIT, 4 hours, 17 minutes ago The tax landscape in Kuwait is evolving fast and so is the transformation and digitization of the tax authority, according to experts professional services firm EY at recently concluded series of tax webcasts. The virtual sessions, which were attended by more than 200 tax and accounting professionals from entities across Kuwait, discussed updated recent practices and digitalization of processes by the Kuwait Tax Authority, potential challenges that tax-payers in the country could face, and the future of finance and tax functions in the region. Ahmed Eldessouky, Kuwait Tax Leader, EY, said: “The COVID-19 pandemic forced regional governments to concentrate on stimulating business, supporting individuals, as well as using tax and expenditure to support companies. In 2020, the Kuwait Tax Authority was amongst the first in the region to postpone submission of tax returns and the payments deadlines to support
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UK Mortgages Ltd - Interim Report & Accounts
PR Newswire
For the period from 1 July 2020 to 31 December 2020
Legal Entity Identifier: 549300388LT7VTHCIT59
(Classified Regulated Information, under DTR 6 Annex 1 section 1.2)
The Company has today released its Interim Management Report and Unaudited Condensed Consolidated Financial Statements for the period ended 31 December 2020. The Report will shortly be available from the Company s Portfolio Manager s website: www.ukmortgageslimited.com and will shortly be available for inspection online at www.morningstar.co.uk/uk/NSM.
SUMMARY INFORMATION
The Company
UK Mortgages Limited ( UKML , the company ) was incorporated with limited liability in Guernsey as a closed-ended investment company on 10 June 2015. The company s shares were admitted to trading on the Specialist Fund Segment of the London Stock Exchange ( LSE ) on 7 July 2015. UKML and the affiliate structure have been designed to ensure the most efficient structure for regu
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Introduction
The Taxation (Implementation) (International Tax Compliance) (Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaque Offshore Structures) (Jersey) Regulations 2020 are expected to come into force shortly. The regulations will primarily affect promoters and service providers of certain arrangements, implementing a 30-day window to report disclosable arrangements to the Comptroller of Revenue. Failure to comply may lead to financial penalties and, in some instances, criminal penalties. It is important that intermediaries and certain taxpayers become astute to the requirements of the regulations and ensure that they are ready and able to comply with the new reporting obligations.
Background
The regulations will implement a mandatory disclosure regime which is closely aligned with the Organisation for Economic Cooperation and Development s (OECD s) Mandatory Disclosure Rules of Common Reporting Standard (CRS) Avoidance Arrangements and Opaque Offshore Struct