On the 15th of October 2013 Switzerland became the 58th country to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters during a ceremony at the OECD (The Organisation for Economic Co-operation and Development). It follows the approval of The Multilateral Convention on Mutual Administrative Assistance in Tax Matters by the Swiss Federal…
The changes in system of granting special UK visas to high net worth individuals are expected in February 2014. At the present time any individual can be granted an Investor Visa (or a Tier 1 Visa) by investing £1m in the UK or showing the evidence of possession of a personal net worth of £2m…
In 2013 the Accounting Records (Maintenance) Bill was published and on the 12th October approved by the National Assembly and the Accounting Records (Maintenance) Act N°.18 of 2013 (the “Act”) became law.
Financial Stability Board (FSB) has recently ranked BVI as a top tier financial jurisdiction. It has been stated in the FSB’s annual assessment that the BVI has demonstrated “sufficiently strong adherence” to internationally agreed information exchange and cooperation standards in the various areas like banking supervision, insurance supervision and securities regulation.
The Tax treaty signed between Cyprus and Ukraine on 8 November 2012 for the avoidance of double taxation and the prevention of fiscal evasion is due to enter into force on the 1st of January 2014 following its ratification by the Ukrainian Parliament which took place on the 4th of July 2013. The new Treaty…