MNE Tax on 27th September reported that the Dutch government has published a list with jurisdictions qualifying as “low-tax jurisdictions” for public consultation on September 25th. This list of low-tax jurisdictions is relevant for the proposed Dutch controlled foreign company (CFC) rules that are expected to take effect on January 1st, and potentially the new source tax that is expected to take effect on January 1st 2020, for dividends and January 1st 2021, for interest and royalty payments. The listed jurisdictions are Anguilla, the Bahamas, Bahrain, Bermuda, the BVI, the Cayman Islands, Guernsey, the Isle of Man, Jersey, Kuwait, Palau, Qatar, Saudi Arabia, the Turks and Caicos Islands, the UAE, and Vanuatu.
The Eurasian Group on combating Money Laundering and Financing of Terrorism has released its latest mutual evaluation report on Kyrgyzstan. At the time of the on-site visit in 2017, the Kyrgyz authorities had not yet developed a national AML/CFT strategy; and law enforcement did not conduct a comprehensive review of, or develop strategies (programmes) for preventing, identifying and investigating ML and TF offences based on a risk-based approach and parallel financial investigations were rare,