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GST and Excise Tax Revision in Belize’s New Budget
**Belize’s 2018 budget** brought significant changes for indirect **tax system**. These revisions are mostly directed at complying with the global taxation standards, therefore, concerning Goods and services tax (GST) and Excise tax. GST will change for internet data purchase. From now on, **12,5 % tax will be collected from everyone, apart from schools, who purchase internet data**. This a...
Path: BlogThe main benefits of Cyprus formation
...al staff who speak fluent English, as well as know Russian since it is, also, a popular language for business. **Actual corporate tax legislation** One of the reasons why Cyprus became such a good business jurisdiction is the business-friendly tax system that gives a lot of benefits to companies that are residents of the country. **The main advantage of a local business is a corporate tax ra...
Path: BlogCrutial amendments to the Polish tax legislation in 2019
...s in CIT. The loss incurred while trading in virtual currencies will not be deducted from other taxpayer's income, for example from the sale of shares or from business activity. The Bill also puts forward a lot of other new changes to the current tax system (e.g. recognition of costs of receivables gained with an objective of collection; creation of exemption from Withholding Tax with related t...
Path: BlogNew Legal Framework for Forex Brokers in Saint Vincent and the Grenadines
...authorization will no longer be permitted. Currently, it is not clear when this regulation will be implemented, but it is expected to occur later this year. Also, Financial Service Authority recently announced that SVG is moving to a territorial tax system in exchange for economic substance for all relevant entities so that the jurisdiction remains off any listing by the OECD / EU while at the...
Path: BlogCyprus Accounting Services
Cyprus is considered a haven for modern business. Their main advantages are their Strategic Location, the Sophisticated Infrastructure, the Highly-Educated Workforce and the Favorable tax system.Description As Cyprus has joined the EU, it has brought the country economic and political stability which transformed the island into an international business hub and a corporate service cen...
Path: AccountingCyprus Audit Services
Cyprus is considered to be a haven for modern business. Their main advantages are their Strategic Location, the Sophisticated Infrastructure, the Highly-Educated Workforce and the Favorable tax system.Description As Cyprus has joined the EU, it has brought the country economic and political stability which transformed the island into an international business hub and a corporate servi...
Path: AccountingMarshall Islands International Business Company Formation
...of The Marshall Islands is attractive in terms of privacy for shareholders and directors since their personal information is not registered in public records. Moreover, in this island country NRDC is not subject to taxes and are not subject to local tax system and their employees, directors and/or shareholders are not subject to personal income tax.General information Company structure On...
Path: CompaniesSwitzerland Limited Liability Company Formation
...id it then please request a nominee service Directors' details – are part of the public record, if you wish to avoid it then please request a nominee service Taxation Switzerland is divided into 26 cantons, and each canton has its’ own tax system. In general, in Switzerland there is a three-level tax system: At a federal level - the federal profit tax (3.63% - 9.8%) and taxes t...
Path: CompaniesSaint Kitts and Nevis Limited Liability Company (LLC) Formation
...n dependent, such as the Channel Islands. Saint Kitts and Nevis gives a wide range of enabling legislation which makes it possible to create and register offshore entities and companies. The St.Kitts and Nevis legislative framework enables efficient tax system, better estate planning, well developed wealth management and asset protection on a top level in comparison to other jurisdictions. ...
Path: CompaniesSwitzerland Portfolio Management (ARIF Registration)
...o ARIF. All the persons involved into the activities subject to the Swiss Anti-Money Laundering Act must supply a personal file. Benefits Respectful jurisdiction Financial stability Low tax rates which is based on a clear-cantonal tax system Friendly business environment Banking advantage Limited liability of a company Possibility to give shares No additional exams or ...
Path: LicensingLabuan Crypto License
...mum paid up capital: Not prescribed Overview Labuan is an island and a Federal territory of Malaysia, which offers one of the strongest regulatory frameworks for various financial service companies. This, along with the favorable tax system, makes Labuan a prestigious place where to start a Token Licensed Business. According to local laws issuer of such tokens undertakes that: ...
Path: LicensingSwitzerland Crypto License
...entrepreneurs, large and small. Incorporating a Swiss company can offer many valuable benefits to its owners, including the following unbeatable fundamentals: Low tax rates - Tax liability and assessments are based on a clear inter-cantonal tax system and the use of tax rulings for special categories; Friendly business environment - In addition to this relatively tax-friendly environmen...
Path: Licensing