...n St. Vincent and the Grenadines are able to enjoy all favors of offshore banking. Special Tax Information Exchange Agreements is an international act that allows business avoid double taxation, distribute tax obligations, share all information with tax authorities and remain confident in bank secrecy. Moreover, there is a strong policy against white-collar crimes in jurisdiction of St. Vincent...
Path: Blog...n Islands (BVI) legislation** obliges financial institutions to follow rules of the US Financial Account Tax Compliance Act (FATCA) and the OECD's Common Reporting Standard (CRS) in regards to sharing all relevant information with the international tax authorities. In February 2018, the British Virgin Islands International Tax Authority issued a reminder for companies who are subject to this r...
Path: Blog... three-month tax amnesty has already started. What is this and what is it for? The main idea is to let taxpayers, having any debt, to repay it within the three months. Before 15th May 2018, there is a possibility to negotiate your payment debts with tax authorities and to take-off your hand from the urge to pay penalties. After the three-month term ends, the Inland Revenue Department will have ...
Path: Blog...ed the automatic exchange of tax information. This is undoubtedly a new reality, given the fact that Swiss authorities started to act in a way that seemed impossible almost for three centuries ago – disclose client’s bank accounts information to tax authorities of other countries. Stay with Offshorelicense in order to stay updated with the hottest financial and legal news.
Path: Blog... above-mentioned statement provides a list of countries that UK shares tax data with. Russia is not mentioned in the list of countries for 2019. Based on currently available information, suspension of the exchange was a unilateral decision of UK tax authorities. Russian authorities were only informed of the decision and no explanations of the reasons for this action were provided. However, it ...
Path: Blog...AED 50,000 Non-compliance may also result in other penalties such as revocation, suspension or non-renewal of a license. Besides, the UAE authorities may exchange information about non-compliant companies. Such information may be shared with the tax authorities and the states where ultimate beneficial owners or parent companies reside. Ultimately, it is up to the Regulatory Authority to decide...
Path: Blog...layed in personal declarations and reports. This works also for LLC, where every partner show their income in personal documents and taxes are payed according to them. However, every structure except sole proprietorship, require you to interact with tax authorities. It is important to know, that the bigger company is, the more you need to form financial or accounting department to deal with taxati...
Path: Blog...h of the following year. Management is responsible for the timely preparation of the financial statements and their content. Moreover, all enterprises are required to file and settle their annual corporate income tax declaration with the tax authorities by 31 March of the following year. Also, all entities are required to prepare annual financial statements with a financial year end ...
Path: Accounting... with the local legislation. Other Accounting services provided by Offshorelicense Accounting team also include: Preparation of financial reports; Creation and submission of annual financial statements; Report submission to the tax authorities; Virtual assistance with any questions regarding taxation in Hong Kong; Other Accounting services. * - The stated am...
Path: Accounting...pliant with the local legislation. Accounting services provided by Offshorelicense Accounting team also include: Preparation of financial reports; Creation and submission of annual financial statements; Report submission to the tax authorities; Virtual assistance with any questions regarding taxation in Netherlands; Other Accounting services. * - The stated ...
Path: Accounting...e end of their financial period. Accounting services provided by Offshorelicense Accounting team also include: Preparation of financial reports; Creation and submission of annual financial statements; Report submission to the tax authorities; Virtual assistance with any questions regarding taxation in Gibraltar; Other Accounting services. * - The stated am...
Path: Accounting...pliant with the local legislation. Accounting services provided by Offshorelicense Accounting team also include: Preparation of financial reports; Creation and submission of annual financial statements; Report submission to the tax authorities; Virtual assistance with any questions regarding taxation in Cyprus; Other Accounting services. * - The stated amoun...
Path: Accounting...ocated in Curaçao. Local Data Center can assist in the purchase of a server. The most important requirements which need to be complied with are: Ultimate beneficial ownership of the legal entity should be disclosed (upon request) to the tax authorities; Only legal entities with a capital divided into shares may perform activities in an E-zone; The activities must in principle be f...
Path: Licensing...of company name Preparation and submission of the application and incorporation documents to the Registry Incorporation of the company Filing the report with Bank of Japan under the Foreign Exchange Act of Japan Filing the notifications with tax authorities Opening of a Bank Account Registration with the FSA/Local Financial Bureau In order to obtain license, Offshorelicense will ...
Path: Licensing...e, the following steps will be carried out: Application for reservation of company name Preparation and submission of the application and incorporation documents to the Registry Incorporation of a company Registration of the Company with tax authorities Opening of the local bank account Registration of the Company with the National Bank of Georgia as Payment Service Provider &nbs...
Path: Licensing...ry company must appoint an auditor who must be a member of the Hong Kong Society of Accountants and hold a practicing certificate. Although there is no requirement to file accounts with the Registrar, there is a requirement to file accounts with the tax authorities. Annual return is required to be filed to the Companies Registry within 42 days after the date of anniversary of incorporation, and th...
Path: Licensing...be held outside St. Vincent & the Grenadines, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy. ACCOUNTING REQUIREMENTS A Cyprus Company must submit audited financial statements to local tax authorities and the Registrar of Companies. The Company Law requires that a Cyprus Company maintain proper accounting records in accordance with t...
Path: Companies... canton of Zug will continue to enjoy the attractive location benefits. One decisive advantage of Zug as a business location is, that not only does it have low rates of taxation but uncomplicated, unbureaucratic communication between the cantonal tax authorities and the tax-payers. Other benefits The management must prepare an annual report, providing information on the progress of busine...
Path: Companies...ry company must appoint an auditor who must be a member of the Hong Kong Society of Accountants and hold a practicing certificate. Although there is no requirement to file accounts with the Registrar, there is a requirement to file accounts with the tax authorities. Annual return is required to be filed to the Companies Registry within 42 days after the date of anniversary of incorporation, and th...
Path: Companies...erly VAT Returns – every 3 months. Accounting services provided by Offshorelicense Accounting team are: Preparation of financial reports; Creation and submission of annual financial statements; Report submission to the tax authorities; Virtual assistance with any questions regarding taxation in UK; Other Accounting services. * - The stated amount is...
Path: Accounting