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Monthly Archive for: ‘December, 2012’

BVI Companies- New Requirements for Keeping Records

  Following an amendment to the BVI Mutual Legal Assistance (Tax Matters) Act 2003 on 26 November 2012 the requirements for record keeping for BVI companies have been revised as explained below. “Records and underlying documentation” must now be kept by a BVI company either atthe registered office of the company or anywhere else the directors decide. The recordsand underlying documentation must …

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Key provisions of the new convention signed with Ukraine – 12/12/2012

  A new tax treaty has been signed between Cyprus and Ukraine. The treaty will come into effect on the 1st of January following the year in which the parties exchange notifications of ratifications. The main provisions of the treaty are explained below.   Dividends There will be withholding tax at 5% on dividends if the beneficial owner holds at …

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