Latvia is officially invited to join OECD
On May 11, 2016 the member countries of Organization for Economic Cooperation and Development (OECD) agreed to invite Latvia to become a member of the Organization. As a result, the […]
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British authorities will discover beneficiaries in BVI and other jurisdictions
The Crown dependencies and overseas territories of the Great Britain have agreed to deliver information on company beneficial ownership to the UK competent bodies electronically within 24 hours, or within
Automatic exchange of tax information within the EU
A revised version of the Council Directive 2011/16/EU of 15 February 2011 on administrative cooperation in the field of taxation entered into force in the EU since January 1, 2016.
Antigua and Barbuda to abolish personal income tax
From April this year, the Government of Antigua and Barbuda plans to abolish personal income tax in its entirety. This tax was introduced in 2004 by the previous government. Currently
BVI Legislation News 2015
The important changes have been introduced in the legislation of the British Virgin Islands (BVI) at the end of 2015. I. The first set of amendments concerns the company law
Why general powers of attorney are unadvisable for Cypriot companies?
The Institute of Certified Public Accountants of Cyprus (ICPAC) has given the following recommendations to Cyprus administrative service providers. Cyprus companies are not recommended (however, not prohibited) to issue general
Over 70 jurisdictions are planning automatic financial information exchange
As on October 29, 2015 the 74 jurisdictions have acceded to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information developed by the OECD. Under the standard,
Duties applied to “shadow directors” of the UK companies
The UK Small Business, Enterprise and Employment Act 2015 has adjusted the status of the so-called shadow directors. The term “shadow director” is established by statute. According to section 251
UK shortens deadlines for company strike off initiated by the Register
The amendments to the British Companies Act 2006 take effect from October 10, 2015. These amendments reduce the period after expiry of which the Companies House can initiate the strike