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Repeal of the Bermuda Tax Reform as the General Service Tax got Denied

...art of the tax reform is that the new government is ready to revive existent taxes for now on, as well as to analyze accordance of labor, goods and service taxes to each other. It is planned to balance these taxes and, if needed, add more. Also, the payroll tax act is planned to be updated on the matter of undeclared income. The government plans to add more criteria to identify undeclared incomes ...

Path: Blog