Having a document filed with the Master's office is no guarantee of its validity.
Who carries the burden?
BPR 156 determines how pension benefits accruing to a non-resident from a resident pension fund are taxed.
... but pay-outs will become tax-free.
The article in this issue dealing with the removal of the tax-deductibility of income-protection cover premiums from 1 March 2015 once again highlights the folly of making a decision purely "for tax purposes".
Non-compliant taxpayers are watching a short fuse burning.
Tax base erosion and profit-sharing are being targeted.