Cayman Islands: New Payroll Tax Proposed Would Hit Expatriate Employees
Cayman Islands Premier McKeeva Bush announced on 25 July that the government was considering plans to introduce a “community enhancement fee,” a payroll tax on expatriate employees.1 The plan calls for...
View ArticleThe Netherlands: Tax Developments Affecting Employers and Employees
Highlight here are two recent tax developments that will impact employees and employers. Employer’s Levy on Top Salaries Recently, the Bill on the Implementation of Tax Measures Budget Agreement 20131...
View ArticleUnited Kingdom: Recommendations Made on Unapproved Share Plans
The Office of Tax Simplification (OTS) in the U.K. issued its final report on its review of unapproved share plans on 16 January 20132. The final report included a number of recommendations relating to...
View ArticleColombia: Reform Law Alters Residency and Tax Regime for Individuals
With Act 1607 of 2012, promulgated on December 26, 2012, the Colombian Congress, among other changes, has reformed the country’s tax rules applicable to individuals.1 Below we highlight some of the...
View ArticleRomania: New Rules on Taxing Resident Assignees Overseas
Government Ordinance no. 8/20131 (G.O. no. 8/2013 ) recently modified the Romanian Fiscal Code, significantly impacting Romanian companies with employees assigned abroad. The changes under G.O. no....
View ArticleISRAEL: More Frequent Immigration Raids Result in Serious Consequences for...
Recent months have seen a marked increase in surprise inspections of companies employing foreign workers. The inspections were carried out by the special police force of the National Immigration...
View ArticleFrance: Council of State Clarifies Payroll Taxes for Expatriate Employees
France’s Conseil d’Etat (Council of State) has handed down a decision concerning the territoriality principle in respect of the base for payroll taxes, the responsibilities of employers, and the...
View ArticleUNITED KINGDOM: Autumn Statement with Tax Proposals and Announcements Presented
The Chancellor of the Exchequer, on 5 December 2013, delivered the U.K.’s Autumn Statement. The statement is an annual update by the Chancellor to Parliament on the taxation and spending plans of the...
View ArticleUNITED KINGDOM: Draft 2014 Finance Bill Holds Plenty of Measures for Individuals
The U.K. government’s draft 2014 Finance Bill was published on 10 December 2013. This draft legislation relates to announcements made in the Chancellor’s Budget speech on 21 March 2013 and some of the...
View ArticleNIGERIA: New pension plan system is enacted
On 1 July 2014, President Goodluck Ebele Jonathan signed into law the Pension Reform Act, 2014 which repeals the Pension Reform Act (PRA) 2004. The new Act would serve as the enabling legislation for...
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