Report on tax in the sharing economy

law-admin News archive

The Directorate of Taxes has delivered a report to the Ministry of Finance on the sharing economy. The report includes a feasibility study related to the reporting and payment of tax for participants in the sharing economy.The purpose of the study is to look at the fiscal challenges and opportunities

Loans from limited companies to be taxed as dividend

law-admin News archive

The Government has proposed that loans given from limited liability companies to personal shareholders shall be deemed fiscally as dividend. Dividend is taxable for the personal shareholder. The new rules will come into force 7 October 2015. The proposal will hit new loans in particular but also existing loans will