The new procedures for the taxation of financial income, based on an all-inclusive approach, relieves investors in managed asset instruments from having to send in returns and requires the intermediaries providing the service to settle the related tax liabilities. The new rules also standardize the procedures for individual and collective instruments; a simplification that should enhance operational efficiency.
We are also participating in the IMF’s coordinated portfolio investment survey (CPIS) and coordinated direct investment survey (CDIS). We contribute to the Bank for International Settlements (BIS) data exchange programme.