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January 12, 2020

FinCEN Reissues Geographic Targeting Order for 2019-2020

FBARs and Banking /

We previously wrote on this issue in 2017 – https://www.mooresrowland.tax/2017/08/fincen-targets-shell-companies.html Last November 2019, FinCEN renewed a Geographic Targeting Order (“GTO”) requiring title insurance companies to collect and report beneficial ownership information for certain real estate purchases. The Order is effective from November 12, 2019 to May 9, 2020. According to FinCEN, the reissued GTO is similar […]

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Tax residence and fiscal domicile in Vietnam

Interesting Jurisdictions, UK Tax Planning /

The tax laws neither define the term ‘corporate residence’, nor provide the conditions under which a non-locally incorporated entity (or foreign enterprise) can be a resident in Vietnam. According to the current provisions of the EIT Law, it may be interpreted that an enterprise would be considered fiscally resident in Vietnam if it is established

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Citizenship Based Taxation in Singapore?

Interesting Jurisdictions, Tax Planning for Singapore, U.S. Tax Planning /

INTRODUCTION 1. An individual who is a resident of Singapore for tax purposes is taxable on his income derived from Singapore as well as income from overseas remitted to Singapore. A non-resident individual is taxable on his income derived from Singapore only. 2. A Singaporean who goes on his own or is sent by his

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