About Renald Camilleri

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So far Renald Camilleri has created 197 blog entries.

AGM 2018 Los Angeles

September 20th, 2018|Categories: AITC, Newsletters|

AITC held its AGM in Los Angeles between the 31st August and 2nd September 2018 hosted by our USA member [...]

Property acquisition opportunities in Mauritius: a must visit destination

August 21st, 2018|Categories: AITC, Newsletters|

Mauritius, ideally located in the Indian Ocean, has a mild, tropical climate year-round and is praised for its idyllic landscape [...]

PAPUA NEW GUINEA TAX – JUN 2018

July 19th, 2018|Categories: Uncategorised|

This article highlights the changes introduced to tax remittance process by Internal Revenue Commission (IRC) of PNG, from 1 June [...]

AFRICA-TRADE STRAGEGY

July 6th, 2018|Categories: AITC|

Africa is the world's second largest and second most-populous continent with a population more than 1.25 billion. Today, Africa comprises [...]

AITC Welcomes the New Panama Member

May 24th, 2018|Categories: Newsletters, Tax|

The President and the Board of AITC welcome Mr. Alessandro Cavallera of N&C Capital as a new member within the [...]

Managing the Foreign remittance process in Papua New Guinea

May 19th, 2018|Categories: Newsletters, Tax|

In the past few years, we have seen PNG facing acute shortage of foreign currency and businesses are hard hit. [...]

India: Tax & Professional updates For May 2018

May 16th, 2018|Categories: Newsletters, Tax|

RBI came up with the latest changes on ECB on the 27th of April 2018, which has been incorporated in [...]

2018 Australian Federal Budget – A Business Perspective

May 14th, 2018|Categories: Newsletters, Tax|

The 2018 Federal Budget was in Tax and fiscal terms was a  generally a lacklustre affair. Herein is a business [...]

The Offshore Voluntary Disclosure Program and Cryptocurrency

May 11th, 2018|Categories: Newsletters, Tax|

Do you think the IRS's recent announcement that it is ending its Offshore Voluntary Disclosure Program (OVDP) and Streamlined program [...]

US Expatriates Living Abroad – What You Should Know About the New Tax Law – Part II

May 7th, 2018|Categories: Newsletters, Tax|

The Tax Cuts and Jobs Act 2017 (TCJA) changed many things, including reporting and taxing requirements for US taxpayers living abroad. [...]

Mauritius: 50 years of Independence this year

April 23rd, 2018|Categories: Newsletters, Tax|

Mauritius having attained its independence on 12 March 1968, has celebrated it’s 50 years of Independence this year. The Golden [...]

Creatrust Securitisation Platform

April 20th, 2018|Categories: Newsletters, Tax|

Promoters or Issuers use securitisation vehicles as an alternative to traditional bank funding, to transfer risk or deconsolidate risk off [...]

US Expatriates Living Abroad – What You Should Know About the New Tax Law – Part I

April 16th, 2018|Categories: Newsletters, Tax|

The Tax Cuts and Jobs Act 2017 (TCJA) changed many things, including reporting and taxing requirements for US taxpayers living abroad. [...]

Hong Kong continues to expand its tax treaty network – New double taxation agreement with India

April 13th, 2018|Categories: Newsletters, Tax|

Hong Kong has recently signed a comprehensive double taxation agreement (CDTA) with India. This brings the number of CDTAs Hong [...]

India: Professional updates for April 2018

April 11th, 2018|Categories: Newsletters, Tax|

CBIC clarified that LUT shall be deemed to be accepted on Generation of ARN, No documents required to be physically [...]

Why it is important to reconcile your tax balance regularly

April 7th, 2018|Categories: Newsletters, Tax|

In this month’s write up, we will highlight the importance of reconciling your taxes with the revenue authority in PNG [...]

$1 Billion in Refunds Still Unclaimed from 2014 Returns

April 3rd, 2018|Categories: Newsletters, Tax|Tags: |

Under Internal Revenue Code Section 6511(a)Period of Limitation on Filing Claim.— a claim for refund or credit must be filed [...]

New IP Box Regime in Luxembourg – 5,2% effective tax rate – BEPS compliant.

March 29th, 2018|Categories: AITC, Tax|Tags: , |

Luxembourg is known for its favorable intellectual property regime. Its legislation is also one of the main reasons why foreign [...]

India: Tax & Professional updates For March 2018

March 25th, 2018|Categories: AITC, Tax|Tags: , |

RBI had discontinued the Letter of Undertaking (LOU) & Letter of Comfort (LOC) for trade credit for import into India [...]

A comparison of Cyprus and BVI corporate structures in the light of recent global tax reforms.

March 23rd, 2018|Categories: AITC, Tax|Tags: , |

The recent revelations in the Panama and Paradise Papers illustrated the need for companies to make a shift towards more [...]

Interest on Home Equity Loans Often Still Deductible Under New Law

March 21st, 2018|Categories: AITC, Tax|Tags: , |

WASHINGTON - The Internal Revenue Service today advised taxpayers that in many cases they can continue to deduct interest paid [...]

Austrian premium for research and development has been increased to 14% as of January 1, 2018

March 19th, 2018|Categories: AITC, Tax|Tags: , |

In Austria, companies that carry out research and development are financially supported by the state. They may claim a research [...]

1st Taxpayer Victory in a “Willful” FBAR Penalty Case!

March 14th, 2018|Categories: AITC, Tax|Tags: , |

On September 20, 2017, the Eastern District of Pennsylvania issued an important taxpayer friendly opinion regarding the "willfulness" standard in [...]

Hong Kong uses massive fiscal surplus to spur innovation and alleviate taxes

March 11th, 2018|Categories: AITC, Tax|Tags: , |

Hong Kong recently announced record-breaking fiscal surplus of 138 billion HKD from the 2017-18 fiscal year. This is mostly thanks [...]

New chairperson for the National Council of Tax Advisors

March 8th, 2018|Categories: AITC, Tax|Tags: |

On the weekend of 12th-14th of January 2018, the Fifth National Convention of Tax Advisors was held in Warsaw. A [...]

Are you getting your GST Refunds on time?

March 3rd, 2018|Categories: AITC, Tax|Tags: , |

This write up highlights the GST Refund process followed in Papua New Guinea (PNG) and is useful for all business, [...]

Initial Coin Offering – BlockChain – Bitcoin Funds

February 21st, 2018|Categories: AITC, Tax|Tags: |

The SLP can be used to setup up a Bitcoin Fund as an Unregulated Alternative Investment Fund An ICO (Initial [...]

Foreign LPs Investing in Australia

February 18th, 2018|Categories: AITC, Tax|Tags: |

There has been a heartening development in the long running uncertainly about the access to treaty benefits for partners in [...]

IRS to Begin Revoking US Passports of Delinquent Taxpayers in 2018!

February 17th, 2018|Categories: AITC, Tax|Tags: |

Starting this month, the IRS will start implementing new procedures required under a 2015 law to crack down on individuals [...]

Two-tiered Profits Tax Rates Regime in Hong Kong

February 15th, 2018|Categories: AITC, Tax|Tags: |

A two-tiered profits tax rates regime was proposed by the Hong Kong Government during the last quarter of 2017 and [...]

Cyprus VAT on Land – Updates by the Tax Department

February 14th, 2018|Categories: AITC, Tax|Tags: |

In November 2017, the Cyprus parliament voted an important amendment to the Cyprus VAT Legislation, which amends the main VAT [...]

IRS Urges Travelers Requiring Passports to Pay Their Back Taxes or Enter into Payment Agreements; People Owing $51,000 or More Covered

February 8th, 2018|Categories: AITC, Tax|Tags: |

On January 16, 2018 the IRS further warned that Travelers Requiring Passports to Pay Their Back Taxes or Enter into [...]

Turkey: 5% of income tax and corporate tax rate deduction would be applied as of 1 January 2018 under certain conditions.

February 2nd, 2018|Categories: AITC, Tax|Tags: |

The General Communiqué No: 301 on Income Tax was published in the Official Gazette dated December 23, 2017 and numbered [...]

Papua New Guinea Key Compliance Dates for 2018

January 24th, 2018|Categories: Tax|Tags: |

Shishya, a consulting firm specialising in servicing Asia Pacific markets, has kindly provided the Papua New Guinea Key Compliance Dates [...]

Argentina enacts integral Tax Reform introducing significant changes in decades

January 23rd, 2018|Categories: Tax|Tags: |

Argentina enacted an integral tax reform through Law 27.430 (published on the Official Gazette on December 29th 2017), which became [...]

Register of Beneficial Owners in Malta

January 20th, 2018|Categories: Tax|Tags: |

On the 26th December by virtue of Legal Notice 374 of 2017 as of the 1st January 2018 the Registrar [...]

Minimum salaries for foreign workers rise 33 percent in Romania

January 18th, 2018|Categories: Tax|Tags: |

Romanian authorities have increased minimum salary levels for foreign employees by 33 percent as the country prepares for a new [...]

China Withholding Tax Deferral Policy for Foreign Direct Reinvestment

January 14th, 2018|Categories: Tax|Tags: |

Dividends derived from China by a foreign investor are currently subject to China Enterprise Income Tax in the form of [...]

Double tax treaty for between Cyprus and Saudi Arabia

January 10th, 2018|Categories: Tax|Tags: |

The Cyprus Ministry of Finance has announced that Cyprus has entered into a double tax agreement with Saudi Arabia for [...]

What the tax reform bill means for individuals

January 7th, 2018|Categories: Tax|Tags: |

Passive H.R. 1, known as the Tax Cuts and Jobs Act, which both houses of Congress passed on Dec. 20, [...]